How to get Free XTZ From the Tezos Foundation Faucet

Francisco Memoria

The Tezos Foundation has earlier this week launched a XTZ faucet giving away free cryptocurrency to anyone who simply lists a wallet address and passes a captcha.

The faucet, appropriately named “Tezos Foundation’s Faucet,” sends up to 0.01 XTZ per claim to the users’ wallet. Claims can be made ever 12 hours, which means users can claim twice a day. 0.01 XTZ is at press time worth roughly $0.015, as one XTZ is trading at about $1.5, according to CryptoCompare data.

Its website notes that up to 10 Tezos addresses can receive funds from the faucet at once, and notes its purpose is to let developers use XTZ tokens on the mainnet. While faucets aimed at giving away tokens for developers are nothing new, these usually give away testnet tokens, not real mainnet tokens with an actual market value.

The Foundation points out, nevertheless, the XTZ faucet was created for testing purposes and that no one “should depend on this faucet’s continued availability.” Tezos itself may in the future “turn off or change the faucet’s parameters,” it warns.

As with other cryptocurrency faucets, no user is going to get rich off of the free XTZ being given away, but it’s a great way to test the cryptocurrency and its use cases. As CryptoGlobe reported, cryptocurrency exchanges have been launching XTZ staking options.

As Tezos has a proof-of-stake (PoS) consensus algorithm, anyone with a few tokens can earn income this way. Most platforms, however, have a minimum holding requirement to let users stake their tokens, a requirement that at 0.01 XTZ per 12 hours may be hard to meet.

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