Presearch Price Prediction: How Much is Presearch Worth?

Presearch is a decentralized search engine that rewards users with its native cryptocurrency, called PRE tokens, for searching the web. It aims to provide an alternative to traditional search engines by offering privacy, transparency, and user rewards. Users can earn PRE tokens by using the Presearch search engine and engaging with its community. These tokens can then be used for various purposes within the Presearch ecosystem or traded on cryptocurrency exchanges. 

The launch of the Presearch engine 

Presearch was founded by Colin Pape. He is a Canadian entrepreneur with a background in software development and online marketing. Pape founded Presearch in 2017 with the vision of creating a decentralized search engine that would prioritize user privacy, and transparency, and reward users for their engagement.

The motivation behind founding Presearch originated from concerns about the dominance of centralized search engines like Google and Bing, which often track user data and manipulate search results for commercial purposes. Pape wanted to offer an alternative that would empower users and provide a more ethical and user-centric search experience.

Presearch's journey began with a successful Initial Coin Offering (ICO) in 2017, where the project raised funds by selling its native cryptocurrency, PRE tokens, to investors. Since then, the Presearch team has been developing and expanding the platform, building partnerships, and growing its user base.

The official launch of the Presearch platform occurred in 2018, and since then, it has steadily gained traction among users looking for privacy-focused alternatives to mainstream search engines. The project continues to evolve, with ongoing development efforts and community engagement driving its growth and adoption.

The features 

Presearch has a user base of over 4.5 million users, conducting more than 1 million searches daily. Here are the main features that make Presearch unique:

1. User Control over Data and Privacy: Presearch prioritizes user privacy by allowing users to control their data. Unlike traditional search engines that often track and monetize user data, Presearch does not collect personal information. Users can search the web without worrying about their search history being tracked or sold to third parties.
2. Earn Rewards for Using and Contributing: Users earn PRE tokens for using the search engine, conducting searches, and engaging with the platform. This incentivizes users to actively participate in the Presearch community and contribute to its growth.
3. Decentralized Search Ecosystem: Presearch operates on a decentralized model, which means any single entity does not control it. The platform is powered by a network of nodes operated by community members, ensuring decentralization and resilience. This decentralized approach enhances transparency, prevents censorship, and promotes a fair and open search ecosystem.
4. User-Monetized Data: Presearch flips the traditional model of search engines monetizing user data on its head. Instead of search engines profiting from users' data, Presearch enables users to monetize their data. By using the Presearch search engine and earning PRE tokens, users directly benefit from their online activity.
5. Non-Profit Organization: Presearch is designed to be a non-profit organization, which means it operates without the profit motives typically associated with for-profit corporations. This alignment with users' best interests ensures that Presearch remains focused on providing a valuable and user-centric search experience without compromising privacy or integrity.
6. Community-Operated Nodes: The decentralization of Presearch's ecosystem is further facilitated by the operation of its nodes by community members. These nodes play a crucial role in maintaining the integrity and resilience of the Presearch network, ensuring that no single entity has control over the platform.

Additionally, while Presearch does display ads, users have the option to use the platform ad-free by staking a certain amount of PRE tokens. This feature allows users to customize their browsing experience according to their preferences.

Advertisers can use PRE tokens to purchase advertising space and sponsored placements on the Presearch platform. This creates a marketplace where advertisers can reach Presearch's user base by spending PRE tokens.

Presearch also offers an API (Application Programming Interface) that developers can use to integrate Presearch functionality into their applications or websites. This allows for the creation of custom search experiences and applications powered by Presearch.

The security of the Presearch platform

Presearch utilizes encryption protocols to secure user data and communications. This includes encrypting data transmitted between users and the platform, as well as securing sensitive information stored within the system.

Presearch employs a Proof of Stake (PoS) consensus mechanism to validate and confirm transactions on the blockchain. This consensus process ensures that transactions are legitimate and prevents malicious actors from manipulating the network.

Presearch conducts regular audits and security reviews to identify and mitigate potential vulnerabilities in its platform. This proactive approach helps to ensure that the platform remains secure and resilient to emerging threats.

The platform's security is ensured through a network of nodes that interface with a Node Gateway. This gateway receives requests from the server and anonymizes search queries by removing any personally identifiable information. A node registry oversees the identity of all nodes, as well as their statistics and compensation.

Nodes play various roles and are rewarded in PRE tokens for their services:

1. Registration: All nodes register with a Node Gateway, which then routes queries if the node meets health and security criteria.
2. Validation: Nodes coordinate with a Node Validator to ensure they run trusted Presearch software, mitigating security risks from potential malicious actors.
3. Coordination: Nodes process and distribute queries from Node Gateways, often routing to multiple serving nodes and aggregating results.
4. Federation: Some nodes proxy other data sources, incorporating their data into search results.
5. Serving: Nodes host segments of the search index, aiding query processing.
6. Crawling: Certain nodes crawl websites to expand search indices.
7. Indexing: Nodes write federated or crawled data into search indexes, ready for retrieval by serving nodes.

The PRE tokens

The PRE token is the native cryptocurrency of the Presearch platform, serving multiple functions within the ecosystem. 

The circulating supply of PRE tokens currently stands at 396,578,435 PRE, with a total minted supply of 750 million PRE. The maximum supply of PRE tokens is capped at 1 billion.

PRE tokens are tradable on various cryptocurrency exchanges, such as KuKoin, HitBTC, CoinEX, etc., allowing users to buy, sell, or trade them for other digital assets or fiat currencies. The availability of PRE tokens on exchanges facilitates liquidity and enables users to convert their tokens into other forms of value.