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Why did the Tezos Foundation start distributing XTZ tokens for free?

Posted on October 31, 2022 by admin

Why did the Tezos Foundation start distributing XTZ tokens for free?

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Answer Why did the Tezos Foundation start distributing XTZ tokens for free?

The Tezos Foundation released earlier this week “faucet TezosIt is available to all who have a Tezos wallet.

Enter your Tezos wallet address and complete the ReCaptcha puzzle to join the waiting list, where you will receive up to 0.01 XTZ every 12 hours.

Currently, this small amount is worth $0.0148 – nearly 90 percent of the currency’s all-time high of $11 per coin.

Up to 10 Tezos addresses can receive money from a faucet simultaneously, and those who received Tezos tokens from their faucet are blocked for 12 hours before being re-added.

According to Tezos’ announcement, the faucet is intended for developers and is intended for “testing purposes.”

Read:Bitcoin P2P trading volume reaches record levels in several countries

Development faucets are nothing new, but they are rarely used to cash real money, and are usually reserved for rooting beta tokens.

Given the small amounts sent out every 12 hours, it is unlikely that anyone would expect to become rich through it.

Tezos advises that no one, not even the developers for whom it is designed, should rely on the continued availability of this faucet, as it may be possible to turn off or change this faucet in the future.

But it remains a free trial for those who want to win a few cents.

Coinbase offers free money and bonuses as well as it has provided a total of about $250 million in XLM coins over the past few years.

Read:Telegram responds to accusations from the US Securities and Exchange Commission (SEC)

Bancor gave some of its users $2.6 million with the new token BNT at the beginning of the month.

Read also:

2019… the year of success and partnerships for the Tezos project and the XTZ cryptocurrency

Top 5 Blockchain Conferences for the First Quarter of 2020


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