We will discuss some of the best Stellar (XLM) faucets and some other interesting ways in which you can earn some free Stellar coins.
What are Stellar Lumens (XLM)?
The stellar network is an open-source, decentralized and community-owned network which is used to transfer cross-assets of value. Just like Ripple Stellar is also used to transfer fiat-based currencies as well as between cryptocurrencies. Stellar is faster than Ripple in processing operation with 1000 operations per second. Steller is a non-profit organization and each lumen has low fees(transactional fee�0.00001 lumens).
Read Also – IBM and Stellar Are Launching Blockchain Banking
What is a Best Stellar Faucet?
A Stellar faucet is a rewarding system in form of an application or website which dispenses some rewards after users complete the given task such as completing surveys, watching videos, playing games and many more.
There are some of the fraud websites present on the web
Who Developed Stellar Faucet?
First Bitcoin faucet was developed by Gavin Andreson in 2010 which used to dispense 10BTC per user.
What is the Purpose of Stellar Faucet?
Many people are learning about the Stellar and rewarding system is rarely known to people. Bitcoin Faucets are relatively new in the market and many people are unaware of such rewarding systems. But Why these websites are created and why they dispense rewards?. A faucet is a way to introduce new coins to the cryptocurrency without the risks involved in purchasing it. Cryptocurrency faucets act as an opportunity for enthusiasts to earn some free coins without making any investment. Today these faucets or websites or applications are very popular on the web and these platforms gain many users.
How much we can make from a Faucet?
There is no limit of earning free coins from a faucet but it all depends upon how much tasks you can complete while there are some websites which provide limited tasks in a day.
Where these rewards go?
Rewards earned are in the fraction for Bitcoin Faucets rewards dispensed are known as Satoshi’s(1 satoshi (sat) = 0.00000001BTC). Cryptocurrencies are deposited and withdrawn from a wallet which is also known as a Digital Account. There are a wide array of wallets including online, mobile and computer wallets.
These fractional rewards received from faucets are collected in Micro Wallets which allow users to collect tiny amounts. Transactional costs are very when it comes to Bitcoin and for this reason, there is a threshold of the amount collected in between 5,000 and 10,000 Satoshi. Once this limit is reached successfully, an automatic transaction is performed towards your wallet address.
How these faucets are benefitted and why they get in this business?
Faucet sites are not only made for promotion and teaching cryptocurrencies they also generate high website traffic which can be used to make some money. It is a good way to get users familiar with the brand by advertising Bitcoin ads to the blockchain enthusiasts. These faucet sites also promote content and target some competitive keywords.
So it is very easy for a faucet site to manage their operations and operating costs such as hosting and paying free tokens.
Best Stellar Faucets Sites
- LuckyGames – Earning some free crypto by playing games can be a very interesting task and you can these coins without any pain. Play DICE gambling using 76 cryptocurrencies To play this games you have to choose a number from 1 to 98 and a direction of prediction (Under/Over). The Dice starts moving and will choose a lucky number.
- 3BTC – Multi-faucet, web mining, earn free XLM.
- Althub – Althub is one of the best faucets in the world by UI/UX. You will enjoy earning free tokens.
- stellarfaucet.info – They are giving away free XLM coins just provide your XLM address and receive free tokens.
Purchase some Stellar lumens from Exchanges –