"All the crypto faucets are a scam!", they say. Well, it's not exactly so, but diving into details here would take us too much time. Anyway, the statement contains a large portion of truth. Today I just want to illustrate what a scam crypto-faucets can be.
When we talk about a crypto-faucet's scam, some might imagine it like this: A poor faucetter clicks the banners hard to accumulate minimal withdrawal amount (plus withdrawal fee). At last, full of glee and hope, he pushes "Withdraw" button and! Ooops, nothing happens... He pushes again, and again, and again. Then starts weeping into support emails and Telegram chats. Some boneheads even go as far as to call the faucet's owner, who can be on the other side of the planet, by phone... Honestly, all this is pretty much useless. Sh$t does happen.
Anyway, here I'd like to present a more sophisticated way of scamming. Let me introduce you
Upon sing up you see there a nice free roll faucet, a lottery, a dice-like game, an interest-earning account for 0.02 monero and up, a ref program, and a kinda moderate withdrawal minimum of 0.002 monero (plus 25% "network fee" of 0.0005 monero). Nothing exceptional, though that bad too, sould I say.
The real magic happens when you start clicking banners.
From the roll I could never get anything besides the minimal amount. Well, maybe I simply wasn't lucky enough. The probability theory is such a bitch, I know...
When I'd clicked through to nearly 0.002 coins -- and the withdrawal amount suddenly became 0.003 monero (plus the same 0.0005 network fee).
But I'm a stubborn dumbass -- I'd clicked through to over 0.002 coins! And guess what happened then? Right, the withdrawal amount became 0.004 monero. In addition, I've got a nice looking banner promising 10% at the interest-earning account (in the beginning it was 6%).
(as for balance shown -- I already spent some pennies on dice)
I'm thrilled to know what I get if I click up to 0.003 coins. At the end of the day, I will probably end up with millions of moneros sitting deposited at Free-monero.com at quadruple-digit rates...
I think you got the moral.
Interestingly enough, this scammer seems to have a sister site Free-Ethereum.io that still looks good enough. Maybe too good to be true, who knows... (UPD. Well, it turns out that that ETH faucet does pay. At least, I managed to get 0.0001 ETH from there.)
Disclaimer: I'm neither an employee nor an owner of any crypto-exchage or faucet, including the above-mentioned ones. This article is informational and not financial advice or a guarantee of any kind. I myself have some "assets" at free-monero.com
