What is Presearch? Presearch (PRE) is a decentralized Web3 search engine built on Blockchain technology. In this article, you can access answers to questions such as what Presearch is, what it offers, what is PRE coin, how to get it, what is it used for. As Kriptokoin.com, we have compiled it for our curious readers. Let’s examine the project together.
What is Presearch?
Founded by Colin Pape in 2017, Presearch is a Blockchain project that aims to integrate Web3 into the search engine space. The project works as a Google-like search engine. Users can search the Internet safely and freely with the Presearch search engine. The platform, unlike Google, has adopted the principles of web3. The ecosystem runs on Blockchain technology and is managed with a decentralized structure. Managed by its own community, the search engine aims to provide users with a safe internet experience. The native cryptocurrency of the project running on the Ethereum Blockchain is PRE coin. At the time of writing, the search engine had over 200 million searches per month with 3.5 million users.
What does Presearch offer?
Traditional search engines like Google make money on users’ data. Presearch, on the other hand, gives users full control of their data and allows them to monetize their own data. Users who search on the platform are rewarded per search. The search engine supports other search engines such as Google, Yandex, and DuckDuckGo, as well as allowing surfing the web through its own engine. Users who want can search with Google on the platform. The platform currently supports more than 100 search providers. Besides, the project has developed a keyword staking mechanism. Users can show ads to other users with keyword staking.
What is PRE coin?
PRE coin is a token that works as the native cryptocurrency of the Presearch platform. Created with an ERC-20 smart contract on the Ethereum Blockchain, PRE has a capped maximum supply of 500 million units. The token is built to power the search engine and ensures the decentralization of the platform. With the DAO to be launched soon, the project will be left to the management of the community. Once this happens, PRE holders will have the right to vote on decisions made regarding the platform and submit proposals to the community.
At the time of writing, PRE coin had a market cap of around $67.6 million and was the 473rd largest cryptocurrency. In addition, 396 million PREs were in circulation, accounting for 79% of the token’s maximum supply.
What is PRE coin used for?
PRE coin is used to incentivize users and perform various transactions within the Presearch platform. The first of these incentives targets users. The project gives PRE rewards per search to users of the search engine. Users currently earn 0.1 PRE for each call. In addition, the platform has limited the amount of PRE that users can earn to 8 per day.
In addition, PRE coin is also used for keyword staking. PRE owners can advertise on the platform. This system, which is similar to Google Ads in terms of working logic, is distinguished by the use of Blockchain technology. Token holders can advertise on specific keywords by staking their assets to the platform. When users search for a keyword, the ad appears for the user who has staked the most tokens.
What is Presearch? How to get PRE coins?
Investors interested in the Presearch project can become a member of one of the exchanges where the token is listed. Cryptocurrency exchanges where PRE coin is traded include KuCoin, HitBTC, 1inch, ProBit, and CoinEx. Investors who are fully subscribed to one of these exchanges can purchase the token by depositing money in their wallets.
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