What is a cryptocurrency faucet?

A cryptocurrency faucet is a website or application that gives away small amounts of cryptocurrency for free, usually in exchange for completing simple tasks such as solving CAPTCHAs, watching advertisements, or signing up for a service. Faucets are typically used as a way to introduce new users to cryptocurrencies and encourage them to get involved in the ecosystem. The amounts given away are often very small, but some faucets offer higher rewards for more complex tasks or for engaging with the platform over time. While faucets offer an easy entry point for beginners, the amounts given are generally insufficient for any significant investment or trading.