If you want to own some Ethereum without necessarily investing your dollars, you can try the faucets. These are platforms created to distribute free Ethereum upon completion of some simple captcha. We are going to look at one example of such faucets – Freeeth, going into details about what exactly it is, how it works, and what it promises its users.
What is ETH Faucet?
Freeeth has not been left behind in allowing people to have a share of the benefits brought about by the cryptocurrency and blockchain worlds, using unique idea from what many are familiar with. It introduces an Ethereum faucet that keeps on dispensing gwel to all visitors in exchange for a simple task: completing a captcha!
According to Freeeth, all payouts are made to the FaucetHub account, and then credited right into your Ethereum wallet address automatically. The FaucetHub is a micropayment platform that allows payments in a variety of cryptocurrencies, including the new altcoins in the market. It allows users to have multiple dashboards so that they can separate their user accounts from their website/faucets as well as a dedicated chat room.
How Does ETH Faucet Work?
Well, it’s pretty simple! You just need to log in to the freeth.win website, add your Ethereum address and you are ready to go. You will be offered a number of captcha, which you are supposed to complete, and in exchange you get gwel. Freeeth claims that you can be able to claim as much as 200 Gwei every 3 minutes. And there’s more! If you refer your friends to the platform (using your referral link) you get a 10% commission of what they get.
So, Freeeth is able to pay people for just staring at captcha. But how does it make money? The faucet benefits on their advertisements, which they use to fund their users.
If you are a fan of cryptocurrencies, by now you’ve probably come across Ethereum so many times. It’s basically a platform that’s fully decentralized, running smart contracts – applications without any possibility of third-party interference, fraud, censorship and downtime. Ethereum provides a token known as ether, a cryptocurrency that can be transferred from one account to another. It’s the best option to for faucet websites to use when compensating its users upon completing captcha.
ETH Faucet Conclusion
If you are looking to get into the cryptocurrency world and perhaps try out some Ethereum, you could consider Ethereum faucets. There are a good number of options out there, but be caution of scams. Freeeth claims to offer you up to 200 Gwei in every 3 minutes, which you can redeem from your FaucetHub account, straight into your address.