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What Is Presearch (PRE) Crypto?
Presearch (PRE) is a blockchain-based decentralized search engine that rewards users with cryptocurrency. The platform provides its users with a secure and decentralized search ecosystem powered by blockchain technology.
Presearch's decentralized search engine is powered by its community. Like Wikipedia, the Presearch Engine is a ground-up community movement combining human curation with scalable machine-learning approaches.
It is a next-generation search engine built to provide the world with a decentralized alternative, operating more like a public utility on behalf of its community rather than shareholders. Presearch Engine provides search choice, quality results, privacy, and rewards for users who want to end the search monopoly and take back the web.
PRE, an ERC-20 token issued on Ethereum, serves as the native token of the Presearch ecosystem. It is used as the unit of account and store of value within the Presearch ecosystem and can also be earned as a reward by the platforms users.
How Does Presearch Work?
Presearch is a decentralized search engine that rewards users with PRE tokens for their activities on the platform. Users can register for a free account on the Presearch website and earn PRE tokens while searching the web using the platform.
Presearch offers over 80 different search providers, so users can select the ones that best meet their needs. They can also contribute to the platform by suggesting new providers, adding keywords, and more.
Presearch also offers a browser extension that allows users to set Presearch as their default search engine on their desktops. This way, they earn PRE tokens every time they search the web.
The Presearch engine is built to provide a decentralized alternative that operates more like a public utility on behalf of its community, leveraging blockchain technology and the human power of the Presearch community to create open and transparent algorithms.
History of Presearch and PRE Token
Presearch's founding team consists of Colin Pope and Thomas LeClair, former founders of the turnkey shop local platform Shopcity.com. The teams vision was boosted by adding Trey Grainger as its CTO and advisory board member and Tim Enneking as the advisory board Chairman.
Presearch was launched as a closed beta on November 15, 2017, with limited membership, and was opened to the public beta on April 9, 2018. The first of three phases of development saw the Presearch team focus on establishing a product-market fit.
The second phases key focus area is building a sustainable business model to decentralize search. The third phase will see the developers behind the project establish a DAO and ensure true decentralized management and governance of Presearch.
The Presearch networks mainnet launch took place in May 2022 with the migration of nodes from the testnet to the mainnet. In July 2022, the team implemented web3 withdrawals, letting Presearchs users withdraw their PRE tokens from the network to web3 wallets.
In August 2022, Presearch announced a partnership with Above Phone to become its smartphones default web browser and search engine. In April 2023, the leading social network Instagram was added as a Search Provider on the Presearch Engine.
Answers
Is Presearch a Good Investment?
Presearch is a web3-oriented project that aims to decentralize the search engine experience. Adding the PRE token to your cryptocurrency portfolio could be a valuable decision.
An uptick in Presearch's user base could spur the value of the project and support the price of PRE token. An increased number of partnerships with other platforms could also make the Presearch platform more attractive and drive an uptrend in the PRE to USD price.
The price of Presearch token could also benefit from an improvement in the crypto market sentiment. A bullish mood among investors encourages more buying activity, driving up the value of PRE cryptocurrency.
What Is Presearch Crypto Price Prediction?
While providing an exact PRE crypto price prediction is unattainable, numerous elements can impact the price fluctuations of Presearch crypto:
Level of On-chain Activity
A rise in the adoption of the Presearch Engine by users for performing online searches could increase the value of PRE token. The Presearch price could increase as more nodes join the network and contribute to its operations.
Future Developments
The announcement of new partnerships, integrations, and investments by the Presearch team could also play a crucial role in boosting the PRE price statistics. The Presearch value could benefit from the rollout of new features and upgrades that make its platform more attractive.
Market Outlook
Positive sentiment in the cryptocurrency market could lead to increased buying activity in PRE, resulting in a higher price of Presearch cryptocurrency. Conversely, a cautious or negative market sentiment could prompt investors to sell their holdings, potentially causing a decrease in the $PRE price.
How to Use PRE Token
PRE is the native crypto asset that powers the Presearch ecosystem. It has the following use cases:
Incentive Token
$PRE is used to reward users for their activities on the platform. Users are rewarded with PRE tokens for their searches, which can be later used for various purposes.
Native Currency
Advertisers can use PRE crypto to buy ad space on the platform, targeting users with specific search keywords. The tokens have intrinsic value since they are the access tokens advertisers purchase to target searchers entering particular keywords.
Staking
Node runners can stake PRE on search nodes to earn rewards in tokens. By staking tokens, node runners help to improve the platform's decentralization, speed, and security. The more tokens staked, the higher the rewards earned in PRE tokens.
Crypto Asset to Trade and HODL
Trade Presearch token against other digital assets to capitalize on fluctuating market conditions and volatility. You can buy or sell PRE in exchange for other cryptocurrencies on the BYDFi Spot Market or retain it if you have confidence in the long-term prospects of the Presearch initiative. As with any investment, there is no guarantee of returns, and the value of Presearch (PRE) may fluctuate due to factors such as market trends, adoption rate, and technological developments.
How to Stake PRE on Presearch Network
Heres how to stake PRE tokens on Presearch and grow your crypto portfolio:
1. Create an account on Presearch if you are a new user.
2. Buy PRE tokens on BYDFi or other supported wallets and transfer your tokens to your Presearch account.
3. Visit the Nodes Dashboard after adding your tokens to your Presearch account.
4. Enter the number of tokens you want to stake and confirm the transaction.
5. Sit back, earn Node Rewards, and grow your holdings by staking $PRE on Presearch.
How to Earn on Presearch
There are several ways to earn PRE tokens on the Presearch platform, including:
Use Presearch Engine
You can earn PRE tokens every 24 hours by performing searches using the Presearch search engine. You can also earn additional $PRE tokens by referring new users through your referral account.
Staking
You can also earn rewards by participating in the Presearch network by staking PRE tokens. Staking involves depositing PRE tokens to support the network and validate searches.
Running a Node
You can run a node and contribute to the decentralized Presearch networks operations. You can earn $PRE for contributing your computing resources to power the Presearch platform.
As Advertisers
Advertisers can earn rewards through the Keyword Staking feature on Presearch. This option lets them stake their tokens against specific keywords and display ads under them.
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