Bitcoin Forum

So I had this idea of combining an "exchange" with a bitcoin faucet.

Right now the faucet pays out one of three things: satoshi's (100 every 10 minutes), green(long) tokens and red(short) tokens.

The tokens themselves pay out depending on where the moving average of the bitcoin price is in relation to the current price.
Basically green tokens pay out more per day when the price is going up (above the moving average), and red tokens pay out more when the price is going down (below the moving average).

If you can correctly predict the bitcoin price movement, then in theory you should be able know at which prices to trade these tokens to make a profit.

It's very much in an alpha stage right now; but please feel free to check it out :)
http://tradey-faucet.name/faucet

good idea, but you will be at 0 satoshis soon, you wil need to add some advertisements to the page (coinmedia ads are paying ok, also anonymous ads and adbit.co )
also consider to make antibot scripts (or use keycaptcha - it's also for free) , and check what IP addresses are connecting to your faucet.

if you want, PM me and i will tell you how to protect your site against bots, VPN and proxy users, but at first, place some ads definitely.

wish you oo luck!

Thanks! ^_^
Working on the ad thing - tried out with coinmedia, but that was even before adding any content.  (Lesson learnt: build site first, THEN ad ads)

What is this

100 ×10-8 Green ZAR-BTC tokens were added to your trading account.
South African Zar?

(100 ×10-8 tokens = 1 µ tokens)

Not exactly - they are tokens whose payouts are calculated from what the ZAR(south african rand) price of bitcoin is doing.  (So if the price keeps going up, green tokens are more worth than red tokens, and vice versa if the price keeps going down.)
There's some python code in the faq section if you're interested in the exact details of how the payouts work.
 
Adding USD-BTC linked tokens is on my todo list...

Registration button is not working.

Which browser are you using? So far I've only tested on the most recent versions of Chrome and Opera.

Maxthon  http://www.maxthon.com/

Hm after i claimed my reward(100 satoshi) and click button, i was redirected to registration page! Why don't you write to people they need to register to withdraw earned satoshi? I don't understand why is faucet outside site!

Thanks for the feedback marlboroza! I've added a message on the faucet page making that more clear.

Reason for it being outside the main site is because I use faucetinabox(PHP) for the faucet interface, while the trading site is custom python code written from scratch. (Figuring out all the ins-and-outs of the PHP code just seemed too much).

A bit confuse for me, just for me?

And how are you earning something if you have no ads?

awesome plan of paying service through faucet site . but site map is confusing and there is redirection of site after claimed for satoshi . so please make it such that we remain at one site .

@noictib, @prabowo96

Valid points... I think what I'll do is figure out some way to integrate the faucet part into the main service. Probably need to translate the PHP code to python... (was hoping I could avoid that!)

Having "two sites" on the same domain name is actually confusing.  :-[