What Is Presearch (PRE)?
Presearch is a decentralized search locomotive with more than 3.5 million users and closely 200 million searches a calendar month. It offers users three singular prize propositions :
- Having control condition over their data and privacy
- Being paid for contributing value to the ecosystem
- A decentralization search ecosystem
Presearch identified the trouble of traditional search engines and turned it on its head. alternatively of research engines monetizing the user ’ sulfur data, the users monetize the data themselves. Presearch does this by paying its users to utilize its search engine. The company is designed to be a non-profit constitution, thereby eliminating incentives of for-profit corporations that may run contrary to users ’ best interests. It besides achieves decentralization of its ecosystem thanks to the operation of its nodes by community members. Presearch has an fabulously detail roadmap that splits its evolution into three main phases. The first phase followed its launch in 2017 and was designed to establish a product-market paroxysm. The moment phase, which the company presently finds itself in, is dedicated to building a sustainable business model aimed at decentralizing search. The final phase will be dedicated to decentralizing government through the establishment of a DAO. At the moment, Presearch is working on its mainnet launch and was listed by Google as a nonpayment search engine option on all fresh Android devices across the U.K. and Europe .
Who Are the Founders of Presearch?
Presearch was launched by CEO Colin Pape and Thomas LeClair. Prior to founding Presearch in 2017, they had founded Shopcity.com, a turn-key shop local platform. They are complemented by CTO Trey Grainger, an have engineer and data scientist that joined the project ’ s advisory board in 2017. Tim Enneking is the chair of Presearch ’ s advisory control panel and founder of the world ’ randomness first base crypto fund .
What Makes Presearch Unique?
Presearch offers several products with real-world utility. Its search tool allows users to search the internet in the same way they are used to with search engines like Google or DuckDuckGo. Users can choose between searching on the default Presearch engine or switching to results from more than 100 different providers. Presearch besides offers search rewards to its users, paying them up to 8 PRE per day at a pace of 0.1 PRE per search. For advertisers, Presearch developed a Keyword Staking mechanism. Token holders can stake their PRE against specific words or search terms to display ads to users. If a exploiter searches for a term, the Presearch algorithm shows the ad with the most PRE staked belonging to this condition. If there are no matches for a long-tail keyword, it breaks down the term into individual words and picks the ad with the most PRE staked on a single word from the search question. furthermore, Presearch offers a marketplace where PRE tokens can be bought and mobile apps that users can choose over traditional search engines. Presearch besides provides a browser extension that enables users to search from their address prevention in their vane browser and use Presearch as the default search locomotive .
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How Many Presearch (PRE) Coins Are There in Circulation?
The total supply of PRE is 500 million after half of the initial provision was burned to make the project thin. The keepsake distribution is as follows : current External Wallets – 140M Staked – 181M Portal ( Crowd sale wallet ) – 97.2M Savings ( Presearch Marketplace wallet ) – 36.5M Earned Rewards – 60.5M Reward Reserve – 30M
Sales Reserve – 37M project Team – 50M PRE has several use cases in the Presearch ecosystem : users receive PRE as a reward for searches, use it to make purchases in the store, and can impale it to display ads on the platform. In the future, they will besides be able to stake it against ads they find undesirable, raising the monetary value of displaying such ads. Node operators venture PRE to secure the network, while partners can pay and venture PRE to be added as a search supplier. Currently, tax income on the platform is distributed in the follow manner : 20 % node rewards 20 % operations 30 % token repurchases 5 % platform improvement rewards 5 % data partner rewards 5 % exploitation grants 15 % search rewards
How Is the Presearch Network Secured?
PRE is an ERC-20 token on Ethereum. ERC-20 is a keepsake standard most modern tokens follow when print on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and exchanges to launch on. It is secured by a proof-of-work consensus mechanism that requires miners to mine raw Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain. The platform is secured by nodes, which connect to a Node Gatewaythat receives requests from the waiter and removes personally identifiable information from the search requests. A node register manages the identity of all nodes, the node stats and payouts. Nodes are compensated in PRE for different types of services : 1 ) Registering ( all nodes ). Registering with a Node Gateway, which can then route queries to the node if it passes health and security system establishment. 2 ) Validating ( all nodes ). Coordinating with a Node Validator to ensure that each node is lone running trusted Presearch software ( to avoid security issues from likely bad actors ). 3 ) Coordinating. Processing and distributing queries sent by Node Gateways. This may require routing to multiple serving nodes and aggregating the results. 4 ) Federating. Proxying other data sources and returning their data as part of search results. 5 ) Serving. Hosting portions of the search index used to process queries.
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6 ) fawn. Crawling websites to build out search indices. 7 ) Indexing. Writing federated or crawled data to search indexes to be served by serving nodes .
Where Can You Buy Presearch (PRE)?
PRE is available on KuCoin, HitBTC, CoinEx, ProBit Global and 1inch Exchange .