In the latest episode of Financial Fox, crypto guru Stefania Barbaglio interviews Clem Chambers, CEO of London listed ADVFN and Online Blockchain about OBC latest product ‘FreeFaucet.io’
FreeFaucet is a revolutionary free application that allows users to distribute and access cryptocurrencies without mining. FreeFaucet was designed to address the technical difficulties faced by many people in entering the crypto world.
“With crypto faucets, we take that technical difficulty away. People can get a little Bitcoin, a little Ethereum, a little Brazio ̶ they can just get it on the website. If they want to get more, they can subscribe.
This is the core of a crypto hub. OBC wants to be the Yahoo of crypto. This will be the place where people come for crypto stuff: coins, news, community, and more,” says Clem Chambers.
The faucet can be used by any cryptocurrency provider, meaning that any cryptocurrency — big or small, old or new — can now be easily exchanged for goods and services without users needing to mine the coin, which gives greater access to consumers and wider exposure for service providers.
FreeFaucet’s revenue comes from subscriptions and advertisements placed on the website. Cryptocurrency companies will purchase ad space on the FreeFaucet page to attract more coin holders. The same as ADVFN, which has been steadily growing since 1999 building a global platform for financial news and main hub for investors in equities.
This is a business model that benefits the consumer because the user gets value back in coins.
“It is not just about the money, it is about community and education, enabling people to enter the crypto world. FreeFaucet.io will help unlock the value of the crypto sector,” says Clem Chambers.
This is a revolutionary tool because it reverses the economic chain: money comes back to consumers rather than them paying the middlemen involved in purchasing a product or service.
Online Blockchain is focusing operations on building ‘the new generation of blockchain’, which according to Clem Chambers is all about services and applications built on top of cryptocurrencies. OBC is building an operating system, like Windows, powered by blockchain.
Visit FreeFaucet.io and @freefaucetio