How to run a Bitcoin or altcoin cryptocurrency faucet on WordPress

HOW TO
RUN A BITCOINBITCOIN OR ALTCOINALTCOIN
CRYPTOCURRENCY FAUCETCRYPTOCURRENCY FAUCET
ON WORDPRESSWORDPRESS
using the Bitcoin and Altcoin Wallets FREE WordPress plugin
and the Faucet premium extension

What is a faucet?
 distributes cryptocurrency micropayments
 payments in Bitcoins or other altcoins
 payouts usually allowed at regular intervals
 uses CAPTCHAs to deter bots
 allows payout to a blockchain address
 often payments come from advertising revenue
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WordPress tools, for people who like slugs!

Why run a faucet?
 Attract traffic
 Nothing attracts traffic like giving away free money!
 Retain visitors
 Visitors will visit again and again to get their reward. Think of it
as paying visitors directly instead of paying an ad network for
traffic.
 Maximize ad revenue
 With some fine-tuning, rewards can be smaller than the ad
revenue generated by the faucet page. This translates to profit.
(Make sure to choose ad network services that allow faucets.)
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Step 1: Install Bitcoin and Altcoin Wallets
 available on wordpress.org by dashed-slug.net
 users get simple accounting for any altcoin
 deposit, withdraw, view balance and past transactions
 extended to connect to various local and cloud
wallets with coin adapters
 bitcoind, litecoind, CoinPayments.net, block.io, etc
 extended to provide new functionality with app
extensions available to premium members
 Faucet, various Payment Gateways, etc.
https://wordpress.org/plugins/wallets/
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Step 2: Configure Bitcoin and Altcoin
Wallets
First, set up one or more wallet back-ends for the
coin or coins you want to offer.
See the readme.txt file for installation details.
You can connect to:
 bitcoind (built-in adapter),
 an Electrum wallet,
 the CoinPayments service, offering dozens of currencies,
 the block.io service, offering BTC, LTC and DOGE,
 or to an increasing number of altcoin wallet daemons that you run
on your VPS.
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Step 3: Download and install the Faucet
extension
 Available to paying dashed-slug.net members
 More info about membership benefits detailed here.
 Membership gives you access to all the dashed-slug
plugins, not just the faucet
 You can use the premium plugins even after
canceling your membership
 The faucet plugin is here:
https://www.dashed-slug.net/bitcoin-altcoin-wallet
s-wordpress-plugin/faucet-extension/
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Step 4: Configure the Faucet extension -
“faucet” tab
 Go to Wallets → Faucet in your admin interface.
You will need to set the following:
 Faucet owner: An administrator account who owns the faucet.
This user’s balance will pay for the user rewards. Replenish this
user’s balance to fill up the faucet.
 Replenish alert limit: When the faucet owner only has funds left
for this many payouts on average, that owner gets an email alert.
Default: 100.
 Faucet period (minutes): Minimum time that must elapse before a
user can make another claim.
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“CAPTCHA” tab
 Choice of Google reCAPTCHA V2 or Solve
Media puzzles
 You will need to sign up for API keys. Go to the
links provided under the CAPTCHA tab.
 You can sign up to one or both services.
 Go through the site registration process for each
service you want to use.
 Enter the keys as provided by the service and click
“Save Changes”.
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“Referrals” tab
 Users can refer other users to your faucet. Set these
settings in the “Referrals” tab:
 Referral reward percentage: When a user claims from your
faucet, a percentage of the reward goes to their referrer. Set this
percentage here.
 Referral link text: The referral link of the logged in user can be
displayed anywhere in your site with the shortcode
[wallets_faucet_referral]. Set the text for this link
here. Users can then share this link to bring traffic to your site and
be rewarded for it. To display the referral link for user with id=1,
use [wallets_faucet_referral user_id=1] instead.
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“Rewards” tabs
 Faucets can offer random rewards to users.
 High rewards are usually given with low probability
and vica versa. For example:
 0.00000010 BTC with 90% probability
 For each coin that you have installed, go to its
“Rewards” tab. e.g. “Rewards for Bitcoin”.
 Add and delete rows of payouts and probabilities as
needed.
 When you hit “Save Changes”, probabilities will be
scaled to sum up to 100%.
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Step 8: Configure the Faucet extension –
Frontend shortcodes
Congratulations, you have now configured your
faucet.
You now need to create WordPress pages and
display the faucet UI in them. Simply insert the
provided shortcodes anywhere you like in your
pages.
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Step 8(cont’d): Configure the Faucet
extension – Frontend shortcodes
[wallets_faucet
symbol="XXX"
captcha="solvemedia"]
Displays a Solve Media captcha for the coin with
symbol “XXX”.
You will need to have provided the Solve Media
API keys in Wallets → Faucet → CAPTCHA.
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[wallets_faucet
symbol="XXX"
captcha="recaptcha"]
Displays a Google reCAPTCHA V2 captcha for the
coin with symbol “XXX”.
You will need to have provided the Google
reCAPTCHAAPI keys in Wallets → Faucet →
CAPTCHA.
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[wallets_faucet_message]
After a user attempts to make a claim, the claim
will either succeed or fail.
The result of the last claim attempt is displayed by
this shortcode.
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[wallets_faucet_rewards
symbol="XXX"]
The rewards for the coin with symbol XXX are
displayed in table form with this shortcode.
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You will also need to display a withdrawal form
[wallets_withdraw], and possibly a table of
past transactions [wallets_transactions].
These shortcodes are provided by the base Bitcoin
and Altcoin Wallets plugin. See here:
https://www.dashed-slug.net/bitcoin-altcoin-wallets
-wordpress-plugin/shortcodes/
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Faucet stats
You can monitor payouts and referral rewards for
the past month in graph view. Simply go to Admin
→ Wallets → Faucet → Monthly Report.
You can also see all transactions including faucet
transactions in Admin → Wallets → Transactions.
Look for the transactions with tag “wallets-faucet”.
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Generating ad revenue (optional)
 Generating ad revenue is tricky
 You might decide that your goal is simply to
attract visitors who will then go on to purchase
your other services instead
 Not all ad networks accept faucets in their Terms
of Service. For example, Google Ads does not
allow faucets.
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Generating ad revenue (optional)
 Two networks that do allow faucets:
 CoinAd
 MellowAds
 Note that these networks have high requirements
for Alexa rankings. Check with these services for
details.
 If you decide to use MellowAds, there is a front-
end ad widget provided.
 Go to Admin → Appearance → Widgets → Mellow Ads
Widget.
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Support
 We covered a lot. You might have questions:
 For questions or issues regarding the main
Bitcoin and Altcoin Wallets free plugin:
https://wordpress.org/support/plugin/wallets
 For questions or issues regarding the Faucet
extension:
https://www.dashed-slug.net/forums/forum/faucet
-extension-support/
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Getting the faucet extension
 To download the faucet extension, simply pay
for premium membership and become a part of
the growing dashed-slug community!
 Costs $10 per 3 months and gives you access to
the faucet extension and a few other cool
extensions:
 WooCommerce cryptocurrency gateway
 Events Manager cryptocurrency gateway
 Tip the Author extension
 ...plus more to come!
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How to run a Bitcoin or altcoin cryptocurrency faucet on WordPress

How to run a Bitcoin or altcoin cryptocurrency faucet on WordPress

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