Presearch

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.