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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: WikipediaYouTube


Recent Payouts

User Reward Date
TLzjRofc4BFNgEouRzqF2rc3VugHajTG5o89602 satoshi2022-11-21 10:32:20
TGPB8F65VaVyFPBxW7Y25LDg2s2uuf88Sv66964 satoshi2022-11-20 07:40:03
qr4kt9u5c8lkk730n8cq83nut3ywvwy6nsw9sfpk2r71453 satoshi2022-11-16 04:02:37
TCEx8oHeeq5mEaMDZwq65j77NegCgzfzuv38105 satoshi2022-11-15 15:40:26
TBDKWkVq8HxWY8AUUsL3AvLhiL8SXECshn83582 satoshi2022-11-15 01:48:37
1Ad9qg87XL1f7nwaHFJweyjJoTAiLRS7zN90365 satoshi2022-11-13 06:16:45
TUr33AXdStzkFcaER4t9QSNJqHYNVB5T5q1 satoshi2022-10-29 15:57:10
TQUoqfsZCDPXowgvTibjGSVvAG6q5FFNRw1 satoshi2022-10-28 16:08:36
TJSj9RQ2jyQk4rJfBiyxugbueGDBH6iZSg1 satoshi2022-10-26 16:42:16
TT1KmgQ7MVYjA3zn4CSpXD6XMagJ4Kewnb1 satoshi2022-10-26 01:52:57