Presearch

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Presearch?

Presearch (PRE) is a decentralized search engine that rewards community members with PRE tokens for their usage, contributions, and promotion of the platform. It operates on the Ethereum blockchain and aims to break the search engine monopoly by providing a community-driven, open-source alternative. PRE tokens are used for rewards and can be traded on various markets.

How is Presearch used?

Presearch (PRE) is a decentralized search engine built on the Ethereum blockchain. It rewards users with PRE tokens for using the platform, with a current rate of up to three PRE tokens per day at 0.1 PRE per search. Node operators are also rewarded for their contributions to the network, requiring them to stake their PRE tokens to offer server capacity.

The PRE token is used primarily for two purposes:

  1. Advertising: Advertisers purchase PRE tokens to target specific keywords, which are then used to display ads to users searching for those keywords. This creates a demand for PRE tokens, driving their value up.

  2. Reward System: Users earn PRE tokens by searching on the platform, and these tokens can be withdrawn and exchanged for other currencies. The tokens have intrinsic value as they are used by advertisers to target searchers.

Additionally, the platform offers a feature called "keyword staking," where users can stake their PRE tokens against specific keywords to receive free traffic on those keywords. This system allows advertisers to secure ad placement based on the number of PRE tokens staked against a particular keyword.

Overall, the PRE token is the core of the Presearch ecosystem, facilitating rewards, advertising, and user engagement within the decentralized search engine.

How do I store Presearch?

To store Presearch (PRE) tokens, you can use various digital wallets that support the Ethereum blockchain, as PRE is an ERC-20 token. Here are some steps and options to store your PRE tokens securely:

Setting Up a Wallet
  1. Metamask:

    • Download and set up Metamask on your desktop or mobile device.
    • Secure your secret phrase and create an account.
    • Open Metamask, go to the "Assets" page, and click "Import Tokens."
    • Select "Custom Token" and enter the PRE contract address, which can be found on the Presearch website.
  2. MyEtherWallet:

    • Download and set up MyEtherWallet on your mobile device.
    • Create a wallet and securely store your private key.
    • Open the app, go to the swap section, and click on Ether.
    • You can purchase PRE tokens through Moonpay and swap ETH for PRE.
Supported Wallets

Presearch tokens can be stored in several wallets, including:

  • Hardware Wallets:
    • Trezor Model One
    • Trezor Model T
    • Trezor Safe 3
    • Ledger Nano X
    • Ledger Nano S Plus
    • Ledger Stax
  • Software Wallets:
    • MetaMask
    • Enkrypt
    • GUARDA
    • Atomic Wallet
    • Trust Wallet
    • MyCrypto.
Withdrawing Tokens

To withdraw your PRE tokens from Presearch to an external wallet:

  1. Collect at least 1,000 eligible PRE tokens.
  2. Add the PRE token to your wallet by importing the contract address.
  3. Go to the withdrawals section of your Presearch account, enter your wallet address, and request a withdrawal.
  4. Verify the transfer through an email link sent by Presearch.
  5. Your request will be approved within 48 business hours.

By following these steps and using a supported wallet, you can securely store and manage your Presearch (PRE) tokens.

How to buy Presearch?

To buy Presearch (PRE) tokens, you have several options:

  1. Direct from Presearch:

    • Visit the Presearch Marketplace at https://marketplace.presearch.org.
    • Click the "Buy Tokens" button.
    • Choose your payment method (Bitcoin, Ethereum, USD via wire transfer or credit card through Skrill).
    • Enter the number of tokens you wish to purchase or the amount you'd like to spend.
    • Review and confirm your purchase details.
    • Follow the instructions for payment and receive your tokens.
  2. Third-Party Exchanges:

    • Use external markets like CoinMarketCap, which lists various exchanges where PRE is available.
    • Platforms like KuCoin allow you to buy PRE in four simple steps: create an account, secure and verify it, add a payment method, and purchase PRE.
    • Other options include buying PRE with USD using MetaMask and PayPal, or through Coinbase Wallet.
  3. Credit or Debit Card:

  • You can also buy PRE instantly using a credit or debit card through services that ensure private and anonymous transactions.

Each method has its benefits and drawbacks, so it's essential to choose the one that best fits your needs and preferences.

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History of Presearch

Presearch (PRE) is a decentralized search engine that rewards users for their contributions to the ecosystem. The project has a blockchain-based token built on the Ethereum platform, which ensures transparency, security, and reliability. The token is designed to be accessible via blockchain explorers like Etherscan, allowing users to view transactions and wallet holdings.

Presearch has a significant user base, with over 4.5 million users and 1 million searches per day. The platform's decentralized nature is maintained by community members operating nodes, ensuring that users have control over their data and privacy. Additionally, Presearch is designed as a non-profit organization, eliminating incentives that might conflict with users' interests.

The token's market capitalization and trading volume have fluctuated over time. At one point, the market cap was around $5.93 million, with a 24-hour trading volume of $163,525. The token's price has also varied, ranging from $0.02 to $1.19.

Presearch aims to create new utility for its token, such as keyword staking, to increase demand and attract new users. The project's tokenomics are designed to ensure the token's value is maximized, with a fixed supply of 750 million PRE tokens, of which around 400 million are currently in circulation.

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How Presearch works

Presearch (PRE) is a cryptocurrency token that operates on the Ethereum blockchain. It is designed to support a decentralized search engine that rewards users with PRE tokens for using the platform. Here are the key aspects of how Presearch works:

Decentralized Search Engine

Presearch is built on a decentralized technology, meaning that it relies on a network of nodes operated by community members. These nodes process anonymized search queries, ensuring user privacy. The decentralized nature of the platform allows it to avoid storing user information, unlike traditional search engines like Google.

Reward System

The Presearch ecosystem rewards users in several ways:

  1. Search Rewards: Users earn PRE tokens for conducting searches on the platform. The current rate is 0.1 PRE per search, with a daily limit of 8 PRE.
  2. Node Operator Rewards: Node operators are rewarded with PRE tokens for contributing computing resources to the network. They must stake their PRE tokens to participate and secure the node network.
  3. Referral Rewards: Users can earn PRE tokens by inviting others to join the Presearch community.
Keyword Staking

Advertisers can stake their PRE tokens against specific keywords to have their ads displayed when users search for those keywords. The advertiser with the highest stake for a particular keyword gets their ad displayed. This system allows advertisers to target their audience effectively and rewards them with traffic at no or low cost.

Tokenomics

The PRE token has a technical max supply set to 1 billion tokens, with a current supply of 500 million. The token can be minted and burned as needed. The tokenomics plan includes directing up to 20% of revenue back towards users and node operators through increased platform rewards, token buybacks, or marketing activities.

Treasury

The Presearch treasury is used for various activities, including:

  1. Usage Rewards: Rewarding users for genuine searches.
  2. Node Staking Rewards: Rewarding node operators for contributing to the decentralized node network.
  3. Marketing Activities: Supporting marketing campaigns and promoting the project.
Partnerships and Integration

Presearch has partnered with CoinMarketCap to provide accurate cryptocurrency data and has integrated with other platforms like MASQ to offer a seamless and privacy-focused browsing experience.

Overall, Presearch aims to create a decentralized search engine that rewards users and node operators while maintaining user privacy. The PRE token is the core of this ecosystem, facilitating rewards, keyword staking, and other activities that drive the platform's growth.

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Presearch's strengths

The token Presearch (PRE) has several strengths that contribute to its potential value and adoption:

  1. Decentralized Search Engine: Presearch operates as a decentralized search engine, offering users a secure and private alternative to traditional search engines. This focus on privacy and decentralization sets it apart from other search engines and enhances its appeal to users who value these aspects.

  2. Reward System: The platform rewards users with PRE tokens for searching, contributing to, and promoting the platform. This incentivizes users to engage with the platform and provides a tangible benefit for their participation.

  3. Tokenomics: The token has a technical max supply set to 1 billion tokens, with a current supply of 500 million. This limited supply can help maintain the token's value by controlling the amount of tokens in circulation.

  1. Utility and Reward Token: PRE tokens are used for various purposes, including rewarding searchers, node operators, and promoters. They also enable advertisers to stake tokens for ad placement, providing a practical use case for the token.

  2. Blockchain Integration: Built on the Ethereum blockchain, Presearch benefits from the security, transparency, and reliability of this established network. This integration also makes the token accessible via blockchain explorers like Etherscan.

  3. Transparency and Accountability: The use of blockchain technology ensures that transactions and token holdings are transparent and publicly visible, fostering trust and accountability within the Presearch community.

  1. Marketing and Adoption: The project actively works to create new utility for PRE tokens, such as keyword staking, to increase demand and attract new users. This focus on utility and adoption helps to drive the token's value and long-term sustainability.

These strengths collectively contribute to the potential value and adoption of the Presearch (PRE) token.

Presearch's risks

Presearch (PRE) carries several financial risks that investors should be aware of. One significant risk is the possibility of default by counterparties in contracts, known as pre-settlement risk or counterparty risk. This risk arises when one party fails to meet its contractual obligations before the settlement date, leading to potential financial losses for the other party.

Another risk is the volatility of the cryptocurrency market. The price of Presearch can fluctuate significantly, and market sentiment can impact its value. For instance, if the overall market sentiment towards cryptocurrencies becomes negative, the price of Presearch could drop, resulting in losses for investors.

Additionally, the project's economic model has faced challenges. The reduction in rewards per search and the high threshold for withdrawals have led to frustration among users, with some considering it unsustainable and potentially a scam. This could lead to a decline in user adoption and further negatively impact the token's value.

Investors should also be cautious of the high risk analysis associated with Presearch. According to some research, the token is considered a high-risk investment, which means that investors should be prepared for potential losses.

Overall, investing in Presearch (PRE) involves significant financial risks, and investors should conduct thorough research and consider their own risk tolerance before making any investment decisions.

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Presearch’s team

  • Colin Pape: Founder of Presearch (PRE) and CEO of Shopcity.com, a community commerce platform.
  • Trey Grainger: Chief Technology Officer.
  • Ed Reese: Director of Advertiser Relations & Keyword Staking.
  • Marco van den Heuvel: Head of Community.
  • Alex Carrabre: Head of Growth.
  • Thomas LeClair: Co-Founder & Marketing.
  • Tim Enneking: Chairman of the Advisory Board.
  • Corey Piitz: Developer.
  • Jeremiasz Klopot: Developer.
  • Lindsay Papp: Customer Support.
  • Melissa McCoosker: Communications.

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