It's still under development.
The faucet will only pay out when it has funds.. And anyone will be able to tip the "FAUCET" account in order to fill it up and share STEEM with others. I'll try my best to keep the thing with enough balance to keep people getting paid out and playing. The amount of bets and STEEM wagered to get a full 1 STEEM every 5 minutes is pretty high number. So not terribly worried about people maxxing out the STEEM payouts every 5 minutes.
If it needs to be toned down in the future it will be.. This is still very much a beta testing / development stage, seeing what works and what doesn't. Faucet will be enabled in the next update which is v0.7.3.
The faucet claim amount does not reset. The whole idea behind it is to get people to bet in order to grow their ability to cash out larger amounts on the faucet. :)
Sounds good! Looking forward to the release :)!
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