To seek out out much more about this undertaking, take a look at our deep dive of Presearch.
What Is Presearch (PRE)?
Presearch is a decentralized search engine with greater than 1.5 million customers and over 10 million searches a month. It presents customers three distinctive worth propositions:
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Having management over their information and privateness
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Being paid for contributing worth to the ecosystem
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A decentralization of the search ecosystem
Presearch recognized the issue of conventional search engines like google and yahoo and turned it on its head. As a substitute of search engines like google and yahoo monetizing the person’s information, the customers monetize the info themselves. Presearch does this by paying its customers to make the most of its search engine. The corporate is designed to be a non-profit group, thereby eliminating incentives of for-profit firms that will run opposite to customers’ finest pursuits. It additionally achieves decentralization of its ecosystem due to the operation of its nodes by group members.
Presearch has an extremely detailed roadmap that splits its evolution into three fundamental phases. The primary section adopted its launch in 2017 and was designed to ascertain a product-market match. The second section, which the corporate at the moment finds itself in, is devoted to constructing a sustainable enterprise mannequin aimed toward decentralizing search. The ultimate section can be devoted to decentralizing governance by the institution of a DAO. In the intervening time, Presearch is engaged on its mainnet launch and was listed by Google as a default search engine choice on all new Android gadgets throughout the U.Ok. and Europe.
Who Are the Founders of Presearch?
Presearch was launched by CEO Colin Pape and Thomas LeClair. Previous to founding Presearch in 2017, they’d based nftgamef.com, a turn-key store native platform. They’re complemented by CTO Trey Grainger, an skilled engineer and information scientist that joined the undertaking’s advisory board in 2017. Tim Enneking is the chairman of Presearch’s advisory board and founding father of the world’s first crypto fund.
What Makes Presearch Distinctive?
Presearch presents a number of merchandise with real-world utility. Its search device permits customers to look the web in the identical means they’re used to with search engines like google and yahoo like Google or DuckDuckGo. Customers can select between looking on the default Presearch engine or switching to outcomes from greater than 100 completely different suppliers. Presearch additionally presents search rewards to its customers, paying them as much as 8 PRE per day at a charge of 0.1 PRE per search.
For advertisers, Presearch developed a Key phrase Staking mechanism. Token holders can stake their PRE in opposition to particular phrases or search phrases to show advertisements to customers. If a person searches for a time period, the Presearch algorithm reveals the advert with probably the most PRE staked belonging to this time period. If there aren’t any matches for a long-tail key phrase, it breaks down the time period into particular person phrases and picks the advert with probably the most PRE staked on a single phrase from the search question.
Moreover, Presearch presents a market the place PRE tokens could be purchased and cell apps that customers can select over conventional search engines like google and yahoo. Presearch additionally supplies a browser extension that allows customers to look from their deal with bar of their net browser and use Presearch because the default search engine.
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How Many Presearch (PRE) Cash Are There in Circulation?
The full provide of PRE is 500 million after half of the preliminary provide was burned to make the undertaking leaner. The token distribution is as follows:
Present Exterior Wallets – 140M
Staked – 47.9M
Portal (Crowd sale pockets) – 97.2M
Financial savings (Presearch Market pockets) – 36.5M
Earned Rewards – 60.5M
Reward Reserve – 30M
Gross sales Reserve – 37M
Undertaking Crew – 50M
PRE has a number of use circumstances within the Presearch ecosystem: customers obtain PRE as a reward for searches, use it to make purchases within the retailer, and might stake it to show advertisements on the platform. Sooner or later, they may also be capable of stake it in opposition to advertisements they discover undesirable, elevating the price of displaying such advertisements. Node operators stake PRE to safe the community, whereas companions will pay and stake PRE to be added as a search supplier. At the moment, income on the platform is distributed within the following method:
20% node rewards
20% operations
30% token repurchases
5% platform enchancment rewards
5% information associate rewards
5% growth grants
15% search rewards
How Is the Presearch Community Secured?
PRE is an ERC-20 token on Ethereum. ERC-20 is a token customary most new tokens observe when publishing on the Ethereum blockchain. Ethereum is likely one of the hottest blockchains and the go-to answer for a lot of decentralized functions and exchanges to launch on. It’s secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.
The platform is secured by nodes, which hook up with a Node Gatewaythat receives requests from the server and removes personally identifiable info from the search requests. A node registry manages the identification of all nodes, the node stats and payouts. Nodes are compensated in PRE for various kinds of providers:
1) Registering (all nodes). Registering with a Node Gateway, which might then route queries to the node if it passes well being and safety validation.
2) Validating (all nodes). Coordinating with a Node Validator to make sure that every node is barely working trusted Presearch software program (to keep away from safety points from potential unhealthy actors).
3) Coordinating. Processing and distributing queries despatched by Node Gateways. This will require routing to a number of serving nodes and aggregating the outcomes.
4) Federating. Proxying different information sources and returning their information as a part of search outcomes.
5) Serving. Internet hosting parts of the search index used to course of queries.
6) Crawling. Crawling web sites to construct out search indices.
7) Indexing. Writing federated or crawled information to look indexes to be served by serving nodes.
The place Can You Purchase Presearch (PRE)?
PRE is out there on KuCoin, HitBTC, CoinEx, ProBit International and 1inch Alternate.
