SolSrch

Project Overview

SolSrch (SRCH) is a Solana-based search protocol token launched in 2024. The project aims to create a decentralized search engine infrastructure on the Solana blockchain, with the SRCH token used for governance and incentivizing node operators.

Utility Assessment

The primary utility of SRCH tokens includes: governance rights over protocol parameters, rewards for node operators who contribute computing resources to the search infrastructure, and payment mechanism for users accessing premium search features.

Platform Development

The project is in its early stages with an active GitHub repository showing regular commits. The development team is focusing on building the core search infrastructure and node operation software.

Token Distribution

Initial token distribution allocates: 30% to the development team (vested over 3 years), 20% for ecosystem growth, 30% for node operator incentives, and 20% for public sale participants. The vesting schedule appears reasonable and aligned with project development timelines.

Current Usage

While the project is still in development, there is evidence of initial node operator participation and governance voting activity. The primary use case remains focused on building out the search infrastructure rather than speculative trading.