How to Get $0.2 In Daily Income From Claiming the Rare Coin Faucet

I’ve been sniffing around the Xdai network and projects built on it because I do believe we’ll have a multi-chain future. I stumbled on a project called Rarecoin and have been claiming their daily faucet for over a month now.

In case you don’t know what faucets are, they are essentially a way to distribute free crypto to users. Many early Bitcoin holders got their stash via faucets.

For Rare, the payout is roughly $0.21 daily depending on the market price of the coin (it used to be $0.4 when I started) on the day, and to be honest, I probably shouldn’t be sharing this.

This is because the more people registered to claim, the lower the amount handed out to each user. Rare has a very limited supply of 36500 coins, and 2 coins are evenly distributed to those who register to claim them daily.

If you’re looking for some passive income (I know it won’t mean much to the rich guys here, but it does mean something for those living in less developed countries, and humble Moon farmers :), then you can hop on this.

The claim process is also relatively simple, especially if you already have a wallet connected to Xdai. If you don’t, then no worries.

Here’s how to do it:

1. Add Xdai as a Custom RPC to your Metamask wallet (either extension or mobile).

Use the following details:

Network Name: xDai

New RPC URL: https://rpc.xdaichain.com/​

Chain ID: 0x64

Symbol: xDai

Block Explorer URL: https://blockscout.com/xdai/mainnet

1. You will need some Xdai to cover the transaction fees for the initial registration. You can claim some from the xdai faucet here https://blockscout.com/xdai/mainnet/faucet or here https://xdai-app.herokuapp.com/faucet

2. Once you have some Xdai, you need to Register on the BrightID app to verify your humanity. Don’t worry you can learn how to do it here: https://rare.fyi/rare-news/brightid/

3. Once verified, you can now register on the https://rare.claims/ app to start claiming. Note that there’s a 0.1 Xdai tax for registering for each daily claim, but what you claim covers that cost.

4. You can exchange the claimed Rare for your preferred currency on Honeyswap (Xdai’s equivalent of Uniswap). Fees cost roughly $0.0002.

The process may seem pretty lengthy, but I do believe it’s worth it. After all, it’s free money and Rare has a very limited supply as mentioned earlier. They also have an amazing and really helpful community of members and developers building really cool stuff to improve utility.