According to Turbine, the present system will take into account a character’s class and level when generating the reward. Additionally, only one free present per account will be issued daily.
These goodies follow Turbine’s 6th Anniversary Festival, which continues to run through 30 April, and its “Welcome Back Weekend” (18 -21 April), during which players were given a 100% XP boost.
Also of note: Turbine’s Game Servers are currently offline for scheduled maintenance. They are scheduled to come back up around 1pm EST (-4 GMT).