Presearch (PRE)
Presearch is gaining momentum as a decentralized meta search engine and offers a blockchain-based alternative to Google. With its recent announcement of becoming a default search engine option on new Android devices in the EU and of migrating to the Base blockchain, Presearch could make some new steps in the right direction. Let’s take a look at what Presearch means for you and me…
Presearch.com is a decentralized, privacy-focused search engine dedicated to breaking the echo chamber of main search engines. It has already delivered unbiased search results from 235 countries or territories.
The origin story of Presearch highlights how a group of websites, despite having rich, relevant content and backing from local authorities, were penalized by Google. Disappointed as they were and without 80% of their traffic, they started with the idea to launch a new search engine that uses blockchain elements.
Here’s a closer look at the dynamic individuals behind Presearch. Tim Enneking holds the position of Chief Executive Officer at Presearch, steering the company’s strategic direction and overall execution. Blair Morris serves as the Chief Financial Officer and manages the financial strategy, and Jeff Hunt, as the Chief Product Officer, is responsible for overseeing all aspects of product development and innovation.
This review of Presearch (PRE) was created for informational purposes. This article is not intended for promotion.
Traditional search engines typically present information that aligns with users’ past searches and can be more than biased. A dangerous thing that limits perspectives and even can hinder our understanding of the world.
We won’t be getting into deep philosophical debates here, but we can notice that a simple internet search could influence the behavior of users and comes with immense power and responsibility.
The centralization aspect of search engines is huge, particularly with Google’s control over more than 90% of the search market, which poses more than significant risks. A centralization that leads to a lack of competition and diversity in the search engine market, for example.
This is exactly what Presearch wants to combat and face against the modern goliath of dominant search engines. For doing this, Presearch utilizes an Ethereum-based token, (also on Base) known as PRE. We get to this later in the article.
Besides the use of its own token, Presearch combats the centralized search engine problem with several innovative strategies:
What is important to mention is that Presearch stands out by not being affiliated with major corporations like Google or Microsoft, giving it the freedom to innovate without external pressures. But what it means is that it needs a way to monetize its operations. That brings us to keyword staking.
Keyword Staking refers to the process of committing your PRE tokens to a specific word or term on the Presearch platform.
Keyword staking is an innovative advertising platform within the Presearch ecosystem where users can stake tokens on specific keywords. A mechanism that not only helps advertisers secure visibility for their chosen terms but also plays a critical role in the economic model of Presearch.
The user with the highest number of staked tokens on a keyword will have their ad displayed prominently. And Presearch continues to see growth in its keyword staking, and saw an increase of about 10% this month alone. Currently, there are just over 12,500 keywords staked, with around 38,900,000 PRE tokens pre-staked against these keywords.
Presearch stands out by not requiring KYC (Know Your Customer) for accessing reward tokens. Users can earn and access their rewards without needing to undergo identity verification methods, which typically involves submitting personal identification to unknown parties.
Presearch Nodes are part of a decentralized network that powers the Presearch search engine. Operators install node software on their computers or servers, which then helps to crawl the web and gather the information required to process user search queries.
In return for their computing resources, node operators who stake PRE tokens are eligible to receive PRE rewards. These rewards help to offset the costs associated with hosting the nodes and serve as an incentive to attract more participants.
To install a node, prospective operators must first obtain an operator code. This code is entered during the node launch process.
You maintain ownership of your PRE tokens while they are staked. However, you have the flexibility to ‘unstake’ them from a term whenever you choose. It’s important to note that if another user stakes more tokens than you on the same keyword, your ad will no longer be shown.
If you manage 92 active Presearch nodes, you’ll generate approximately 4.5 Presearch tokens per day, per node. This results in an average daily earning of about 416 Presearch tokens across all nodes. With the current Presearch token price at $0.008208, your 416 daily tokens would be worth around $3.41 per day. Across the 92 nodes, this leads to a total daily income of $313.72.
To start a Presearch node, an investment of 4,000 Presearch tokens is required, which costs about $32.83 at the current token price of $0.008208. The return on investment is quite favorable when considering the passive income potential and the relatively low start-up and operational costs.
PreGPT utilizes purely open-sourced large language models (LLMs) and is available through the Presearch platform. Users can access this service for a monthly fee, which is payable in PRE tokens or with credit card if you want.
The Presearch AI chatbot offers a unique blend of privacy and performance, as it sources its computational power from a decentralized network provided by Salad.
Start by visiting chat.presearch.com and clicking on the “Sign In” button. If you are not automatically redirected, manually sign in to your Presearch account. If you do not have an account, you can easily create one by following the on-screen prompts.
PRE is the native utility and reward token of the whole Presearch platform with all its functions. Designed to facilitate transactions within the Presearch ecosystem, it rewards some users and is on two different chains.
For bridging Ethereum network to the Base Chain users can use SuperBridge.
Among the top contenders for blockchain integration are Polygon, which offers Polygon Edge, and Avalanche, known for its subnets. Additionally, Constellation and its DAG technology are under consideration.
If we take a look at the utility of PRE, we see that the PRE token has many utilities, these include:
More information on the PRE airdrop can be found here.
Presearch rewards its users with PRE tokens simply for using the search engine. Here’s how the reward system functions:
The PRE ButterFlyWheel is an innovative concept within the ‘PreFi’ as they call it, and it symbolizes the compounding growth generated through continuous participation and efficient liquidity provisioning. Every action within this system enhances the previous efforts, thus creating a powerful, self-sustaining growth mechanism.
The PRE ButterFlywheel aims to enhance liquidity and close the PRE tokenomics loop, encouraging more users to engage with Presearch. This increased engagement leads to more ad impressions and higher PTA revenue, which in turn fuels more incentives for the liquidity pool, creating a virtuous cycle of growth and support for the ecosystem.
Predicting an exact timeline for the widespread adoption of decentralized solutions for globally used giants like Google is challenging. However, as infrastructure within the blockchain space improves and more developers join the PRE flywheel, the acceleration could come quicker than we expect. It’s optimistic to expect substantial progress within the next three to five years, as the community-driven development model of open-source projects can rapidly scale solutions.
Over the past year, Presearch has expanded from about 2,000 nodes to over 60,000 and has grown its user base significantly. The platform plans to transition to mainnet, introduce new features, and potentially increase the minimum stake required for new nodes.
Many in the community and experts believe that Presearch should be ranked much higher, potentially within the top 100 crypto projects. This belief is based on several factors:
In conclusion, Presearch provides unique value propositions centered on user control over data and privacy and a decentralized alternative of the search engine ecosystem.
It also allows users to earn tokens simply by searching, regardless of whether they share personal data. Finally, by decentralizing search on the interweb, Presearch aims to shift away from the centralized control of traditional search engines. Something that is quite ambitious. We hope they succeed.
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