It can exist forever, it is enough to renew the domain for $300 per year. But at the moment the site is dead in terms of payments.
Due to their name they attract a lot of deposits, but do not pay anyone.
Yes, by creating such a template, you will not get many deposits, since you will hardly get 1000 users, and there are 20 million users on freebitcoin and 90% of them are not aware of the problems with the site at all and they do not read the forums.