Online Blockchain launches global hub for claiming free cryptocurrency

May 10, 2019 BACK TO PRESS RELEASES

Online Blockchain plc (LSE:OBC) announces the open beta of its FreeFaucet product.

In the crypto world, an online faucet ‘drips’ different coins and enables visitors to claim these cryptocurrencies. With FreeFaucet (www.freefaucet.io) users can obtain both renowned and emerging cryptocurrencies for free up to three times per day (20 times a day with membership), and access some of the highest paying faucets on the net.  

The product, which is in open beta, provides a simple way to claim, send, receive and store a diverse range of cryptocurrencies in the one place. FreeFaucet offers many popular cryptocurrencies including: Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, Ravencoin, PlusOneCoin and Brazio. These claimed cryptocurrencies can then be securely stored on the FreeFaucet multicoin wallet (a cold storage solution).

FreeFaucet also boasts Geofaucet – a first-of-its-kind, location-specific faucet. Geofaucets are real-life, physical faucets in the form of a QR code. When these Geofaucet QR codes are scanned at a set location, the person scanning is rewarded with cryptocurrency. Additionally, anyone can create their own Geofaucet at the FreeFaucet site – and earn a passive income - by generating a unique QR code and placing it at a location of their choice. When a Freefaucet.io user scans this QR code, the user and Geofaucet owner both receive cryptocurrency for free and their balance is updated on Freefaucet.io. Any non-users scanning a Geofaucet QR code will be prompted to register on Freefaucet.io and their claimed cryptocurrency will be added to their new account.

Users can claim from an unlimited number of Geofaucets per day and can claim from each individual one, once every 12 hours. Details of the Geofaucet locations and the simple steps for creating a Geofacuet can be found at: www.freefaucet.io/geofaucet

Another exciting feature of the FreeFaucet site is Bitferno, a powerful cryptocurrency miner used to mine brand new cryptocurrencies. Approximately once a month, these cryptocurrencies will be distributed ‘airdropped’ to all Freefaucet.io users. Distribution is scaled according to a users’ experience level. Every single time a user interacts with the site, for example logging in, claiming from a faucet or setting up a Geofaucet, they gain experience. Users with higher experience levels will be rewarded more for their support and loyalty on the site. Bitferno is currently mining Bytecoin.

“There is an unbridled interest in cryptocurrencies; Freefaucet offers a gateway to this market and enables established cryptocurrency enthusiasts and novices alike to earn free cryptocurrency with just a few clicks,” said Clem Chambers, CEO of Online Blockchain plc. “Freefaucet.io is now growing fast and our aim of making it a leading crypto community hub with many revenue streams has got off to a very exciting start.”

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