Presearch
Crypto Overview
Project Overview
Presearch is a decentralized search engine platform that aims to provide an alternative to centralized search engines like Google. Users can earn PRE tokens for using the search engine and node operators earn tokens for processing searches.
Intended Utility
The PRE token serves multiple purposes within the Presearch ecosystem: It acts as a reward mechanism for users performing searches, compensates node operators who process search requests, enables keyword staking for advertisers, and provides governance rights to token holders.
Actual Utility and Adoption
The platform reports over 3.8 million registered users and processes approximately 1.2 million searches daily as of 2023. There are over 65,000 node operators actively supporting the network. The search engine is functional and available globally, demonstrating real utility.
Token Distribution and Governance
Total supply is capped at 500 million PRE tokens. The initial distribution allocated 250 million tokens for the reward pool, 125 million for early supporters and development, and 125 million for founders and team members with a 3-year vesting period. Current circulating supply is approximately 397 million tokens.
Development Activity
The project maintains active development with regular updates to both the search engine and node software. The team consistently delivers on roadmap objectives, focusing on improving search quality and decentralization rather than token marketing.
Revenue Model
The platform generates revenue through a keyword staking system where advertisers stake PRE tokens to display ads, similar to Google Ads but without direct payment for clicks. This model avoids interest-based transactions.
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.