Today a sad news for faucet users as one of the biggest and most reliable faucet providers has broadcasted that it will be disabling it's faucets due to the cumulative loss of 500 USD daily to maintain it.

Losses up to 500 USD daily in maintaining faucet

With fair compensation of extended membership to those who are already a member up to 1 month valuing as much as 30 USD per extension. All users are told to start transferring their faucet balance to the main balance before the 25th of December 2023 as they will shutdown the faucet page and to avoid potential complications such as losses of faucet balances.

CoinPayU that started in 2019 which holds one of the largest user base among established hybrid faucets, offerwalls, staking and advertisement services. Bolster to popularity as far back as 2021 with generous referral programs and referral market alongside profit boosting memberships. Could no longer keep up with the losses it makes on faucet. A problem that popular faucet providers often faces that most users are not aware of nor does new faucet owners often expects.

As CoinPayU representative themselves said in their twitter(X) post "We need to adapt to the market to survive".

Positive side

Though it is bad news for faucet users. Now with the cutback on one of the major losses for the corporation, it can start to accumulate more profit in opposition to it's losses and perhaps open up new ventures for itself and hands out more new opportunities to offer to it's loyal users.