What is Presearch

Article Summary, Automatically Generated By AI

About Presearch

Key Points:

• Decentralized search engine with 4.5 million users and 1 million searches per day
• Three unique value propositions: user control over data and privacy, payment for using and contributing to the ecosystem, and decentralized search ecosystem
• Founded by Colin Pape and Thomas LeClair in 2017
• Offers search rewards to users, with more rewards for staking more PRE
• Total circulating supply of PRE: 500 million, total minted supply: 750 million, max supply: 1 billion
• PRE has several use cases within the Presearch ecosystem, including staking, advertising, and node infrastructure

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About Presearch: Empowering a Decentralized Search Ecosystem

Introducing Presearch (PRE): A Decentralized Search Engine Token

Presearch is a pioneering decentralized search engine, boasting an impressive user base of over 4.5 million individuals and processing a staggering 1 million searches daily. This innovative platform presents users with three distinct value propositions:

1. Empowering users with autonomy over their personal data and privacy

2. Receiving compensation for utilizing and enriching the ecosystem with valuable contributions

3. A decentralized, community-driven search ecosystem

A pioneering search engine that empowers users to reclaim control over their personal data and safeguard their privacy.

Receiving compensation for actively engaging with and enriching the ecosystem

A pioneering decentralized search ecosystem, empowering users to reclaim control over their online experiences.

Presearch has revolutionized the traditional search engine paradigm by flipping the script. Rather than search engines profiting from users’ data, Presearch empowers users to capitalize on their own data. By incentivizing users with rewards for utilizing its search engine, Presearch has created a novel approach. As a non-profit organization, the company eliminates the conflicting interests often present in for-profit corporations, ensuring that users’ best interests remain paramount. Furthermore, Presearch achieves true decentralization by entrusting its ecosystem to community-driven nodes, operated by members themselves.

The Visionaries Behind Presearch: Meet the Founders

Presearch was co-founded by CEO Colin Pape and Thomas LeClair, who previously established Shopcity.com, a pioneering turn-key shop local platform. They are joined by Chief Architect Trey Grainger, a seasoned engineer and data scientist who has been a valuable addition to the project’s advisory board since 2017. Notably, Tim Enneking, a renowned figure in the crypto space, serves as the CEO of Presearch and is also the founder of the world’s inaugural crypto trading fund.

Unveiling the Unparalleled Presearch Advantage

Presearch presents a suite of products boasting tangible, real-world utility. Its search tool empowers users to navigate the internet with the same familiarity as they would with prominent search engines like Google or DuckDuckGo. Notably, users are afforded the flexibility to opt for the default Presearch engine or seamlessly switch to results from an extensive network of over 150 distinct providers. Furthermore, Presearch incentivizes its users through a rewards system, where the amount staked directly correlates with the earnings accrued per search.

For advertisers, Presearch presents a diverse range of appealing products, including a Search API and homepage/search results page takeovers. Furthermore, Presearch has developed a proprietary Keyword Staking mechanism, enabling token holders to stake their PRE against specific words or search terms, thereby displaying targeted ads to users. When a user initiates a search, the Presearch algorithm showcases the ad with the highest PRE stake associated with the searched term. In the event of no matches for a long-tail keyword, the algorithm breaks down the term into individual words and selects the ad with the highest PRE stake on a single word from the search query.

Moreover, Presearch offers a convenient browser extension compatible with Firefox, Edge, and Chrome, allowing users to seamlessly search from their address bar and set Presearch as their default search engine.

What Is the Circulating Supply of Presearch (PRE) Coins?

The total circulating supply of PRE is capped at 500 million, with a total minted supply of 750 million PRE. The maximum supply is limited to 1 billion PRE.

A burn function is ingeniously embedded within the smart contract, which can be transparently verified at: https://etherscan.io/address/0x0d4206fcfa419b954f0b91db7ca8189f75cad226#code

Within the Presearch ecosystem, PRE boasts a multitude of use cases: users can stake and receive PRE as a reward for conducting searches, utilize it to facilitate purchases for advertising and the Search API, and stake it on our decentralized node infrastructure to earn PRE for every search query processed by their node. Node operators stake PRE to ensure the network’s security, while partners can pay and stake PRE to be integrated as a search provider. Notably, 5% of the platform’s gross revenue is currently allocated towards buybacks on the open market, with a long-term goal of increasing this allocation to 50%.

The Presearch Network’s Robust Security Framework

PRE is an ERC-20 token built on the Ethereum network, adhering to the widely adopted token standard that most new tokens conform to when launching on the Ethereum blockchain. As one of the most prominent blockchains, Ethereum has established itself as the preferred platform for numerous decentralized applications and exchanges, offering a robust foundation for their launch.

The platform is fortified by a network of nodes, which interface with a Node Gateway that filters out personally identifiable information from incoming search requests originating from the server. A centralized node registry oversees the identity, performance metrics, and remuneration of all nodes. In return for their diverse services, nodes are incentivized with PRE tokens.

1) Registration (Universal Node Integration). This involves registering with a Node Gateway, which subsequently directs queries to the node, contingent upon successful health and security validation.

2) Validating (all nodes). Collaborating with a Node Validator to guarantee the integrity of each node, ensuring that only trusted Presearch software is utilized, thereby mitigating potential security risks posed by malicious entities.

3) Coordinating: Processing and distributing queries dispatched by Node Gateways, which may necessitate routing to multiple serving nodes and consolidating the results.

4) Federating: Aggregating and proxying data from disparate sources, seamlessly integrating their content into search results.

5) Serving: Facilitating the storage and retrieval of indexed search data to efficiently process user queries.

6) Web Crawling. Methodically scouring websites to construct comprehensive search indices.

7) Indexing. The process of writing federated or crawled data to search indexes, thereby enabling serving nodes to efficiently retrieve and serve relevant information.

Where to Acquire Presearch (PRE) Tokens

Prestigious cryptocurrency exchanges, including KuCoin, HitBTC, CoinEx, and decentralized trading platform Uniswap, proudly list PRE among their esteemed offerings.

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