Today 13 years ago they distributed free Bitcoin to the whole world: its value exceeded 670 million dollars.
Bitcoin, which today is around $67,000, may cause short-term losses for some investors, but the "airdrop" of 5 BTC per person initiated by a website years ago is still remembered. The total of coins distributed by the Bitcoin Faucet site, opened to users on June 11, 2010, today exceeds 670 million dollars.
Today it has been exactly 11 years since the site called Bitcoin Faucet was launched, created by Gavin Andresen, one of the first Bitcoin developers and even the last person Satoshi Nakamoto contacted by email. When this site was first established, it started giving 5 BTC to incoming members.
Today it exceeded 670 million dollars
Bitcoin Faucet continued BTC distributions until early 2012. However, the price increase made these distributions increasingly difficult and, at one point, impossible. Andersen had already created this site to spread information about Bitcoin. When the goal was reached, the site was closed. It is believed that at least 10 thousand BTC were distributed until the closure. The total value of these BTC today exceeds $670 million. Andersen stated in an interview that the number of Bitcoins distributed could approach 20 thousand. This figure increases the current value of BTC distributed to more than $1.2 billion.
The site, which Andersen initially funded with 1,100 BTC, was later contributed by other supporters of the ecosystem. Many people who made purchases in the initial period are known to have bought their first BTC on this site.
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