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Recent Payouts

06-27-2022 6:51:50
9006 satoshi
06-27-2022 6:51:48
6649 satoshi
06-27-2022 6:51:48
5376 satoshi
06-27-2022 6:51:45
6307 satoshi
06-27-2022 6:51:44
6681 satoshi
06-27-2022 6:51:42
9251 satoshi
06-27-2022 6:51:40
5670 satoshi
06-27-2022 6:51:36
5954 satoshi
06-27-2022 6:51:34
6540 satoshi
06-27-2022 6:51:29
5633 satoshi
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What is Tether?

Tether is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies.

Tether is called a stablecoin because it was originally designed to always be worth $1.00, maintaining $1.00 in reserves for each tether issued. Nevertheless, Tether Limited states that owners of tethers have no contractual right, other legal claims, or guarantee that tethers will be redeemed or exchanged for dollars.

What is Tether Faucet?

Tether faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth USDT, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a tether, but the amount will typically fluctuate according to the value of tether.

Faucets are a great way to help introduce new people to tether, or to your favourite altcoin. Many faucets provide information to newbies as well as offering them some free coins so that they can try before they buy, experimenting with a test transaction or two before putting real money on the line. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.

Sources: Wikipedia, YouTube