FreeFaucet strong growth; captures crypto market

RNS Number : 9747A

Online Blockchain PLC

05 October 2020

 

News Release

October 5^th, 2020

FreeFaucet.io experiences strong growth as incentivisation model captures crypto market

- cryptocurrency hub hits 100,000 users and key global web rankings milestone -

Online Blockchain plc ( LSE:OBC ) reports further advancement of FreeFaucet.io, one of its cryptocurrency and blockchain properties.

The crypto asset claiming website ( www.freefaucet.io ), from the UK's leading listed blockchain company, has surpassed 100,000 users and entered the top 10,000 global sites on foremost traffic rankings site Alexa within 18 months of its beta launch.    

FreeFaucet.io, which is acclaimed for its high-paying and innovative cryptocurrency faucets, has seen an accelerated increase in users with an average of 1500 new registrations per week (up from 1000 per week at the start of 2020). Its PTC "Paid to Click" advert faucets are receiving particularly high traffic. PTC Faucets are a pioneering tool for marketers who wish to directly promote projects to an engaged, tech-savvy audience. Users of the cryptocurrency hub are rewarded with Bitcoin for clicking a PTC Faucet and engaging with the featured website for a short, specified period of time.

In addition to PTC Faucets, there are many other ways users of the site can claim an array of crypto assets for free. These range from simply clicking a button/completing a CAPTCHA or participating in a survey through to playing online games, taking out a free trial of Amazon Prime Video or signing up to snack subscription service GRAZE.

"FreeFaucet's business model is predominantly based on advertising revenue. However, it is unique in that it reverses the thermodynamics of money by giving revenue from its advertisers back to its users," said Clem Chambers, CEO of Online Blockchain plc. "Media consumers are starting to be viewed as the ultimate asset and beginning to be paid accordingly. FreeFaucet.io is at the forefront of this new wave of content incentivisation, which is evident from the site's growth to date."

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NOTES TO EDITORS

Press/media enquiries: Francesca De Franco - [e-mail] / 0794 125 3135

Online Blockchain PLC

Clement Chambers (CEO)  [e-mail] 

About Online Blockchain plc (LSE: OBC)

Online Blockchain (www.onlineblockchain.io) is a UK-based incubator and developer of businesses in internet and information-based technologies, including developers, administrators and custodians of blockchains and cryptocurrencies. The Company created ADVFN www.advfn.com and today still has a holding of 17.98% in ADVFN plc.

Online Blockchain plc continues to consider new related opportunities and particularly crypto currencies and blockchain-based opportunities including incubating cryptocurrency start-ups and developing technical innovation in the blockchain space. Led by a team with over two decades of pioneering in tech, Online Blockchain focuses on innovation in cryptocurrency and decentralised ecosystems via various applications of blockchain: incubating cryptocurrency start-ups and developing technical innovation in the blockchain space.

 

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