No, it uses the smart contracts factor on the network, uses some math to predispose coins to be dispersed. Faucets are more or less someone holds a balance of coins, they try to bank on ads and give you a very low cut of the profits by their BTC holdings. I am no fan of Faucets lol...if you dig into them they are literally robbing peoples time through ad watching and making a 90% profit on users most the times. This is legit, uses smart contracts and has a set unchangeable mathematical standard of what it will kick out and create. How I don't know because I am not much into the ETH network but with reading this coin is taking the development in ETH and kicking it up a notch.