A reward system named Bitcoin Faucet is a form of a website or application which is distributed the rewards in the form of a Satoshi or a hundredth of a millionth BTC. The visitors to take in replace for finishing the captcha or a task as described by the website. This websites or applications were built by Gavin Andresen in 2010. You can also find another faucet that distributes alternative cryptocurrencies. Many of us who always use the Internet need to know about this application or website. Thus, this following information will give you short information about it.
What is the purpose?
When Gavin Andresen was built a Bitcoin Faucet, he must have a special purpose with it. Bravely, this faucet is made to introduce users to Bitcoin, to get traffic, and to take money as well. You can choose faucets as the best web or app to introduce the Bitcoin or altcoins for new people. Sometimes, the faucet is not only offering you with information but also free coins so they can try it first before they buy. It is a right choice for people who do not really trust with their hard money since it is a new system and the even little bit complicated. With Faucet, it is good to promote digital currency and many people will more understand.
Second, you need to know that faucets are high traffic websites. People who have some websites will understand that to get a huge number of page views per day to a site which is contributing away free money. For example, when you have a new website for other content or services, and you want to promote to Bitcoin users, you can use Faucets to bring them and make them familiar with a certain brand name.
The last, we need to know though we use a Faucet app or website, it is hard to make a healthy profit. Many sites are creating on the Internet today. The market just too competitive if we cannot do our best we cannot cost the hosting. You can try an example by creating unique or interesting twist content which can improve the income for a Bitcoin faucet.
The Revenue Model
There are two kinds of revenue model from Bitcoin Faucet: Expense and Income. The expense is a setting for this app or website that integrates a payments processor/manager. With cryptocurrency wallet, as the owner, you can load some Bitcoin into that payments manager. Based on the sites rate, the payouts for visitors are given to you. The second is income. The main income of Faucets is the advertisements. With these advertisements, the faucet may get cheap traffic by giving referral commissions.
Honestly, in a Faucet, it has certain operation and referral system which can help you to understand about faucets. Bravely, using a Faucet will make you easier to get the bitcoin. Even, it helps to promote Bitcoin users and introduce the digital currency. Overall, after read this short information may give you more explanation about Bitcoin Faucet.