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. A new Take on the Traditional Bitcoin Faucet 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.
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