Method of distributing small amounts of free coins to a large amount of users. Usually as a way to try out the coin, app, wallet, etc to gain interest.
Faucets generally give out small amounts of an asset ranging in value from 1-50 cents to people who qualify. Qualifying can take the form of making a request from a specific wallet, verifying a Facebook or Twitter account, or any other parameters the faucet provider requires.
* All terms and definitions may update as the Cryptionary improves.