What is Cryptocurrency Faucet?

A cryptocurrency faucet is a website or mobile application that distributes small amounts of crypto to users in exchange for completing tasks to help grow a project's reach, such as sharing posts on social media, viewing ads, and watching videos, among others. Not to be confused with airdrops, which typically present bigger rewards, faucets are aptly named because their rewards are small and analagous to drops of water leaking from a faucet. The first Bitcoin faucet was created by Gavin Anderson in 2010 to give new users access to bitcoin (BTC) and to help raise awareness and involvement.