What Is Presearch (PRE)?
PRE is the native token of Presearch, which is a decentralized search engine. It gives users complete control over their data and rewards them for using its services (0.1 PRE per search). This allows users to monetize their own data, which is not the case with traditional search engines. If you're interested in the current PRE price, check out the Presearch price chart above.
Overall, the Presearch search engine works like the Google search engine, just in a decentralized and incentivized manner. Besides, it offers two searching modes – default and the one that takes results from around 100 distinct providers.
Besides the search engine, Presearch also offers an app marketplace and a Keyword Staking mechanism. The marketplace allows users to buy mobile apps and install them into their browsers. The Keyword Staking mechanism, on the other hand, is made for advertisers. In essence, advertisers can stake PRE tokens on certain keywords in order for them to appear when users search for these keywords. Though note that in order for an ad to be shown to the user, it must have the biggest amount of PRE tokens staked on that certain keyword.
The Presearch network is secured by nodes that are operated by community members. All nodes are connected to the Node Gateway. When the server makes requests, the Gateway gets them and distributes them across nodes that take the personally identifiable information out of the search requests. However, apart from processing Node Gateway queries, the Presearch nodes also have other responsibilities, including:
- Utilizing proxies to access additional data sources and include their information in search results.
- Hosting the search index's query-processing components.
- Creating search indices by crawling websites.
- Adding federated or crawled data to search indexes so that serving nodes can serve the data.
In order to become a node operator, a user has to stake Presearch coins. Though node operators are also rewarded in Presearch coins for their work.
The Founders of Presearch
The Presearch crypto project was founded in 2017 by Colin Pape and Thomas LeClair.
Colin Pape has a degree in computer science. Apart from founding Presearch, he also founded Axiom Digital Services and ShopCity. Besides that, he is a Board Member of Trustees at the non-profit organization called Social Evolution.
Talking about Thomas LeClair, prior to founding Presearch, he was an Operations Manager at Weber Technologies. Besides, he is also a Sales Director at ShopCity.
Use Cases of PRE Tokens
PRE is an Ethereum-based token. It drives the whole Presearch crypto project. The following are the main use cases of PRE tokens:
- PRE tokens are used for rewarding searchers for utilizing the search engine, as well as rewarding node operators for their contribution to the Presearch ecosystem. Besides, there is a referral program, which rewards users in PRE tokens for referring new users.
- PRE tokens can be staked on certain keywords by advertisers who want to show their ads to searchers. However, PRE tokens are also staked by holders in order to become node operators.
- PRE tokens are means of payment on the Presearch app market.
FYI, check out the Presearch price chart above to see the live PRE price changes.
Tokenomics of PRE
Initially, the supply of PRE tokens was 1 billion. However, half of it was burned, thus, the max and total supply as of writing this is 500 million. Since PRE tokens have a max supply, it means that they are deflationary. Therefore, it’s likely that, once the PRE supply becomes more scarce, the PRE price might increase.
However, if you intend to purchase Presearch tokens, be aware that the PRE price is subject to fluctuation. This occurs as a result of the volatility of the entire crypto market having an impact on the Presearch price, just like it does on the pricing of other crypto assets. Thus, make sure to analyze how it changes over time before making any purchases.
