That's exactly as I expected but it needs to be clearly communicated on the web site.
Apart from the missing contact info and privacy statements expected of UK web sites, more attention to the wording is required. A moment's reflection will inform you that UK is inadequate unless you do actually intend to exclude residents of Northern Ireland.
Statements that are usefully accurate must somewhere use the mouthful: "United Kingdom of Great Britain and Northern Ireland".
Elsewhere, the statement UK citizens receive fifty Sterlingcoin is incorrect, the checks are for residence not citizenship.
Theres two of us here, we can manage a phone number each but only one postcode - do we get 50 each or will one application be rejected? This information should be readily available and easy to comprehend.
Minors are also citizens of the UK, if there's a lower age limit for this offer, that should be clearly communicated.
Sterlingcoin is a completely fair, transparent and a highly secure form of currency for all needs. Provide some support for your claim of fairness. Use a spelling checker.
The OP advertises 575,000 Sterlingcoin (90% of Instamine) for the Spacedrop. At 50 per application that's a grand total of 11500 applications. This limit should be very clearly advertised.
Will applications from UK residents receive priority over applications from people outside the UK?
Cheers
Graham
Thank you for your input, all has been noted and we can make amendments prior to the Spacedrop going live on the 20th of September.
We are adding statistics to the Spacedrop and Faucet for all to see and can display more in depth info on how the coins are distributed.
There also is no priority on entries, they get paid instantly.
In response to your comment about me checking my spelling I believe that is actually a typo and I have amended my spelling, without a spell checker

Also the Spacedrop could actually supply coins to more than 11500 people as it randomly distributes between 1 and 50 Sterlingcoin to Non-UK residents.