StellarFaucet: Free Stellar Lumen App Review: Is it Legit?
“What is this?”
Well, all these are the alternative names of one thing. Which you'll learn about today in this post.
What is StellarFaucet: Free Stellar Lumen App?
The name is quite self-explanatory if you know what that ‘inter’Stellar means if you don't… it could be as mind-boggling as the movie.
Back to the review.
StellarFaucet: FSL is an Android app where you can claim XLM every 2 minutes.
What is Stellar Lumen/XLM:
Lumen is a cryptocurrency like Bitcoin and XLM is shorthand for Lumen. Most digital currencies have a 3-letter code as an international standard, like Bitcoin’s code is BTC.
To learn more about XLM you can visit their official website.
StellarFaucet: Free Stellar Lumen has been developed by an Indonesian group of developers: NyanDev. The app is available for Android devices running Android 4.4 & up.
Getting Started:
First Download the app.To create an account and start earning Stellar lumens from the app you need to have an XLM wallet. There are many wallets that you can use to sign up like Lobstr or Indodax.
After creating your wallet you will need to enter your Stellar wallet address, Memo/Payment ID/Message, and this referral code: XPZ7X2E to get bonus 0.04XLM
Now you will be asked to create a 4 digit PIN. This PIN will be required for security and during withdrawal.
That’s it.
You are ready to start earning some Lumens.
How To Earn From StellarFaucet:
Earning Lumens from StellarFaucet app is as easy as typing some numbers(4, to be exact).1. To ‘Claim’ free XLM hit the “Claim” button.
2. Now you enter the 4 digit number shown on the screen.
3. Done, Lumens will be added to your account.
You will earn somewhere between 0.00050-0.00170 XLM per claim.
I know it’s not much but it’s not like you are guiding people through mountains or something. You are just hitting your phone a few time, that’s all.
Referral System:
This feature is currently in the experimental stage but you can still use it.
You will earn 10% of your referrals' claims.
And your referrals will get a discount of 0.002 XLM on their first withdrawal.
You can enter this code to get the discount on your first withdrawal: XPZ7X2E
Payout:
The payment threshold is 0.05 XLM which you can reach within a few hours.Maximum withdrawal limit is 0.5 XLM.
You can withdraw Lumens to the wallet you signed in with.
Is StellarFaucet: Free Stellar Lumens Legit?
Yes.This app is legit.
The only complain users have is that their earnings ‘per claim’ tend to decrease as they accumulate more XLM.
I haven't encountered that yet, will let you know if I do.
Try it
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