Guys, I am the CEO of waterhole.io Ziqi Chen. I am glad to be here to hear something.
Let me answer some questions you raised.
The product is a competing service with OTC marketplace and we actually announced in July 21st, 2016. Here is the brief introduction for us:
https://bitcointalksearch.org/topic/ann-waterhole-messenger-otc-escrow-and-local-trading-mobile-marketplace-1559548Basically Jason (COO) and me, both are veterans in the BTC world back to 2013, and have seen many scams - exchanges hacking / run away your investments. I personally had transactions with reputable people here in bitcointalk. Our product is designed to
prevent hacking and scams, meanwhile to keep your privacy level as high as possible. The product is made to meet the industry requirements for not only virtual currency guys like you and us but also general public. We try to offer a wallet can do
realtime OTC trading and having or exceeds the powerful features as your traditional bank APP.
I didn't know cointelegraph will pay whoever bid highest for marketing, at least we did not bid on anything. No media company, including coindesk and btcnews will be able to ensure the business they write/publish about. So I will focus on trustworthy from ourselves. The 1 mBTC free faucet is legitimate, as the OP said. We offer a 3 mBTC red packet, so that you will try your luck with other new users. There is nothing scam/tricks, all you need to do is using your mobile phone to install and register the app. (You can use virtual number if you want, like Google voice or other VOIP)
Thanks for ucjobs posting your experience with our app, there are also hundreds of users already got the free bits. We will continue to serve the virtual currency community better in future! We are still in early start stage,
any criticize / advice will be extremely helpful for us, don't hesitate to throw your questions to me!