Faucetbox is closing

Faucetbox is closing

Faucetbox announced officially that they will close the Faucetbox API service on the 19 december 2016.

What does it mean for faucet users and owners? Well they all need to change to an alternate service like xapo, epay or a new service, which they also talk about on bitcointalk forum, called faucethub. more

I personally have always used faucetbox and liked it a lot, it was also very trusted! So we will see what service will come next.

Here the announcement from Faucetbox:

7th November 2016

We have a sad news to announce: is closing. We disabled creating new accounts today. On 19 December 2016 we will disable our API, which means that faucets using will stop working. We will continue to handle withdrawals for owners and users until 16 January 2017. You have 6 weeks to update your faucets and migrate to other micropayments services. Remember that you have to reach the payout threshold to receive a withdrawal. Faucet owners will have to manually withdraw their coins in Dashboard before 16 January 2017. never operated with a fractional reserve. We have enough funds to withdraw coins to all users and owners with balance above the payout threshold.

To ease the transition and give alternative to faucet owners, we released Faucet in a BOX update which adds and support. We will continue releasing updates of our faucet script in the future.

Despite many efforts and great growth didn’t turn into a profitable business and we’re not able to sustain it anymore.

We would like to thank all of our users, faucet owners and our whole community. You were great and supportive. We are very glad we could deliver you fast, easy to use and secure service. For many faucets are the first contact with cryptocurrencies and we believe that left a positive mark on this industry.

If you’re a faucet user, make sure you’ve reached the payout threshold before 16 January 2017.
If you’re a faucet owner, make sure you’ve migrated your faucet before 19 December 2016 and withdrawn all your coins before 16 January 2017.

All the best, team


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