Presearch PRE
About
What Is Presearch (PRE)?
Presearch is a decentralized search engine with more than 4.5 million users and 1 Million searches per day. It offers users three unique value propositions:
A search engine allowing users to have control over their data and privacy
Being paid for using and contributing value to the ecosystem
A decentralized search ecosystem
Presearch identified the problem of traditional search engines and turned it on its head. Instead of search engines monetizing the user’s 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 organization, thereby eliminating incentives of for-profit corporations that may run contrary to users’ best interests. It also achieves decentralization of its ecosystem thanks to the operation of its nodes by community members.
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 Chief Architect Trey Grainger, an experienced engineer and data scientist that joined the project’s advisory board in 2017. Tim Enneking is the CEO of Presearch and founder of the world’s first crypto trading 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 150 different providers. Presearch also offers search rewards to its users, the more you stake, the more you earn per search.
For advertisers, Presearch offers a wide array of attractive products including a Search API and homepage/search results page takeovers. Additionally, Presearch developed a propietary Keyword Staking mechanism. Token holders can stake their PRE against specific words or search terms to display ads to users. If a user searches for a term, the Presearch algorithm shows the ad with the most PRE staked belonging to this term. 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 query.
Furthermore, Presearch also provides a browser extension on Firefox, Edge and Chrome that enables users to search from their address bar in their web browser and use Presearch as the default search engine.
How Many Presearch (PRE) Coins Are There in Circulation?
The total circulating supply of PRE is 500 million and Total minted supply is 750 Million PRE. The Max supply is 1 Billion PRE.
A burn function is built into the smart contract, verifiable here: https://etherscan.io/address/0x0d4206fcfa419b954f0b91db7ca8189f75cad226#code
PRE has several use cases within the Presearch ecosystem: users can stake and receive PRE as a reward for searches, use it to make purchases for advertising and the Search API, and stake it on our decentralized node infrastructure to earn PRE for every search your node processes. Node operators stake PRE to secure the network, while partners can pay and stake PRE to be added as a search provider. Currently, 5% of gross revenue on the platform is used for buybacks on the open market with an ultimate goal of 50%.
How Is the Presearch Network Secured?
PRE is an ERC-20 token on Ethereum. ERC-20 is a token standard most new tokens follow when publishing 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.
The platform is secured by nodes, which connect to a Node Gateway that receives requests from the server and removes personally identifiable information from the search requests. A node registry manages the identity of all nodes, the node stats and payouts. Nodes are compensated in PRE for different types of services:
Registering (all nodes). Registering with a Node Gateway, which can then route queries to the node if it passes health and security validation.
Validating (all nodes). Coordinating with a Node Validator to ensure that each node is only running trusted Presearch software (to avoid security issues from potential bad actors).
Coordinating. Processing and distributing queries sent by Node Gateways. This may require routing to multiple serving nodes and aggregating the results.
Federating. Proxying other data sources and returning their data as part of search results.
Serving. Hosting portions of the search index used to process queries.
Crawling. Crawling websites to build out search indices.
Indexing. Writing federated or crawled data to search indexes to be served by serving nodes.
AI Analysis
What is the Presearch (PRE) cryptocurrency good for? What are its main use cases?
Presearch (PRE) is a decentralized search engine that aims to provide a more private and user-centric alternative to traditional search engines. It leverages blockchain technology to reward users for participating in the ecosystem. Here are its main use cases:
Decentralized Search Engine: The primary function of Presearch is to act as a decentralized search engine, allowing users to conduct searches without being tracked or profiled by large corporations.
User Rewards: Presearch rewards users with PRE tokens for searching and engaging with the platform. This incentivizes participation and helps promote a more user-focused search experience.
Advertiser Platform: Businesses can use the platform to advertise their services. Advertisers can pay with PRE tokens to display their ads to users searching for relevant keywords, creating a revenue model that rewards both users and advertisers.
Keyword Staking: Users can stake PRE tokens on specific keywords to have their websites rank higher in search results associated with those keywords. This mechanism allows users to invest in their online presence.
Community Governance: Presearch employs a community-driven governance model where PRE token holders can vote on proposals and contribute to the development of the search engine. This helps in aligning the service with user interests rather than corporate agendas.
Privacy and Data Control: By using a decentralized model, Presearch aims to provide better privacy protections for its users. It does not sell user data to advertisers, promoting a more ethical approach to search.
Integration with Other Services: Presearch allows third-party developers to integrate their services and applications, creating an ecosystem where users can access a variety of decentralized applications (dApps) through the search engine.
Overall, Presearch focuses on creating a user-friendly, privacy-respecting search experience while empowering users and advertisers through its tokenomics.
What blockchain does Presearch use? Is it its own blockchain or built on top of another?
Presearch is built on its own blockchain. It utilizes a decentralized, community-driven approach to search, and the Presearch Network operates using its native cryptocurrency called PRE. The platform aims to provide a more private and user-centric search experience compared to traditional search engines. While other projects may build on established blockchains, Presearch has developed its own blockchain infrastructure to support its functionalities and goals.
Is Presearch programmable? Does it support smart contracts or decentralized applications?
Presearch is primarily designed as a decentralized search engine that rewards users with cryptocurrency (PRE tokens) for using the platform. As of my last update in October 2023, Presearch does not support smart contracts or decentralized applications (dApps) in the same way that platforms like Ethereum do. Instead, its focus is on providing a decentralized search experience and creating an alternative to traditional search engines.
That said, it is possible that future developments could expand its capabilities, so it's important to check the latest updates from Presearch for any changes or new features.
How fast are Presearch transactions? What is the typical confirmation time and throughput (transactions per second)?
Presearch is a decentralized search engine that utilizes blockchain technology to reward users for their searches. However, as of my last knowledge update in October 2023, specific metrics for transaction speed and throughput can vary based on several factors related to the underlying blockchain technology it employs.
Typically, the confirmation time for transactions on a blockchain can depend on the network congestion, block time, and the consensus mechanism used. For Presearch, if it operates on its own dedicated blockchain or utilizes a specific existing network, those details would influence the confirmation time.
In general, many blockchains can provide transaction confirmation times ranging from a few seconds to several minutes, depending on how busy the network is. Throughput is usually measured in transactions per second (TPS) and can vary widely from a few TPS on slower blockchains to thousands on more advanced systems.
For the most accurate and specific numbers regarding Presearch's transaction speeds, typical confirmation times, and throughput, it would be best to refer directly to Presearch's official documentation or any recent updates from their development team. Blockchain networks can evolve rapidly, and they may have made improvements or changes since my last update.
How much data can I store on the Presearch blockchain? Does it support on-chain data storage?
As of my last update in October 2023, Presearch is primarily a decentralized search engine that rewards users with PRE tokens for their contributions and usage of the platform. It focuses on privacy-conscious search and does not serve as a general-purpose blockchain for data storage like Ethereum or other similar platforms.
Presearch does have some capacity for handling decentralized applications (dApps) and integrating with blockchain technology, but it does not emphasize on-chain data storage in the way that some other blockchains do. Instead, it may utilize a more off-chain approach for storing user data and information related to search results.
If you're looking to store significant amounts of data on-chain, you might need to consider blockchains that specialize in that area, like Ethereum or others with specific features for data storage, such as IPFS (InterPlanetary File System) for decentralized storage solutions.
For the latest information on Presearch's capabilities, including any potential changes regarding on-chain data storage, I recommend checking their official documentation or community channels.
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