Presearch
Crypto Overview
Overview
Presearch is a decentralized search engine platform that rewards users with PRE tokens for conducting searches and node operators for processing these searches. The project aims to provide an alternative to centralized search engines while ensuring user privacy and data sovereignty.
Purpose and Utility
The PRE token serves multiple functions within the Presearch ecosystem: 1) Rewards for users conducting searches, 2) Payment for advertising keywords, 3) Staking requirement for node operators, and 4) Governance rights for protocol decisions. Node operators must stake 1000 PRE tokens to run a node.
Business Model Analysis
The platform generates revenue through keyword staking and advertising, with advertisers required to stake PRE tokens to bid on keywords. This model aligns with halal principles as it involves clear value exchange and legitimate business activities without interest-based mechanisms.
Real-World Adoption
Presearch reports over 3.8 million registered users and processes millions of searches monthly. The network is supported by thousands of node operators. In 2021, Presearch became a default search engine option on new Android devices in Europe.
Development Activity
The project maintains active development with regular updates to both the search engine and node software. The team consistently releases new features and improvements, indicating ongoing commitment to the platform's development.
Token Distribution
Total supply is 500 million PRE tokens. The distribution includes allocations for the team and early investors with standard vesting schedules. A significant portion is reserved for search rewards and node operations.
Crypto Impact
To assign a comfort level investing in Presearch from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Presearch.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.