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Recent Payouts

06-24-2021 6:23:44
22430 satoshi
06-24-2021 6:23:42
32067 satoshi
06-24-2021 6:23:35
30301 satoshi
06-24-2021 6:23:32
20213 satoshi
06-24-2021 6:23:27
21329 satoshi
06-24-2021 6:23:27
27621 satoshi
06-24-2021 6:23:21
33260 satoshi
06-24-2021 6:23:20
36393 satoshi
06-24-2021 6:23:20
24335 satoshi
06-24-2021 6:23:12
29532 satoshi

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