bitcoin-faucet
Contrary to popular belief, the concept of a bitcoin faucet still exists. Creating a new spin on this tried and tested business model is not all that easy.
Running a bitcoin faucet is anything but straightforward in this industry.
For many, they either suffer from low payouts or heavily rely on advertising income to make something happen.
In the case of Lootbits, the concept has been changed significantly.
Rather than utilizing an existing model, it tries to incorporate loot boxes into its bitcoin faucet offering.
When users register, they receive free credits.
It takes 35 credits to open a loot box that might contain some decent amounts of bitcoin.
No one should expect to become rich from this platform by any means.
Money to fund the bitcoin faucet has to come from somewhere, after all.
It is a bit unclear how this platform makes any money.
Since users cannot buy gems to open more boxes through Lootbits, there doesn’t appear to be any revenue stream whatsoever.
The platform is still in beta, however, thus everything is subject to change in the months to come.
It is interesting to see bitcoin faucets get a second lease on life.
To attract more people in this industry, ventures like these can go a very long way.
The past week has been turbulent for Solana (SOL), containing several elements that together cut…
Tether has stirred things up in the crypto market once again. The first is that…
A prominent entity in the $VIRTUAL space has vacated their position in the asset, netting…
$RFC (RFindercoin) has achieved an important milestone in the memecoin world: It's now the 8th…
On April 7, 2025, activity in the memecoin market among smart money took a sharp…
While the wider world of cryptocurrency is in recovery, Michael Egorov, the founder of Curve…