Presearch: Is it The Future of Web3 Search Engines?

published on 12 September 2023
Presearch: Pioneering the Future of Decentralized Search in the Web3 Era. Take control of your data and earn as you search.
Presearch: Pioneering the Future of Decentralized Search in the Web3 Era. Take control of your data and earn as you search.

The digital age has evolved with search engines becoming an indispensable tool for navigating the vast ocean of information on the internet. From our early days with Yahoo and AltaVista, to the modern-day dominance of Google, search engines have shaped how we seek and consume knowledge. Yet, traditional search engines have drawn criticisms over user data monetization and the centralization of information control. This is where Presearch steps in, heralding the future of Web3 search engines.

The Revolution of Presearch

Traditional search engines often monetize users’ data without the users benefiting from this transaction. Presearch flips this model, offering a decentralized platform where users not only maintain control over their data but are also rewarded for their contributions. The platform achieves this with its three unique propositions:

  1. Data Privacy and Control: Presearch respects users' rights to control their data and privacy.
  2. Economic Rewards: Users are compensated for contributing value to the ecosystem by using the search engine.
  3. Decentralized Ecosystem: By operating nodes, the community ensures a decentralized ecosystem, making it resilient and more immune to central points of failure or control.

Additionally, being designed as a non-profit organization, Presearch aligns its interests solely with its users, contrary to the profit-driven motives of traditional search companies.

The Visionaries Behind Presearch

CEO Colin Pape, together with Thomas LeClair, brought Presearch to life, drawing from their prior experience of establishing Their vision was bolstered by CTO Trey Grainger's expertise and Tim Enneking, the pioneer of the world's first crypto fund, who chairs the advisory board. Their collective insights have carved a roadmap for Presearch, guiding its evolution from its 2017 inception.

The Presearch Advantage

Apart from the decentralized aspect, what makes Presearch stand out?

  • Versatile Search Options: Users can either use the default Presearch engine or switch to results from over 100 different providers, offering flexibility and depth.
  • Search Rewards: Loyalty is rewarded. Users earn up to 8 PRE tokens daily at 0.1 PRE per search, turning every query into potential income.
  • Keyword Staking for Advertisers: A unique feature where advertisers can stake their PRE tokens against specific search terms. The more you stake on a term, the higher your ad ranks for that keyword. During the initial launch phase, advertisers gain cost-free exposure to Presearch's user base.

The PRE Token Economy

The heart of Presearch's ecosystem is the PRE token. With a total supply of 500 million, the token distribution ensures that it's used to reward searches, facilitate purchases, and allow for advertisement staking. The revenue distribution within the platform is meticulously designed to reward node operators, improve the platform, provide development grants, and incentivize searches.

Ensuring Security in a Decentralized World

The security of the Presearch platform relies on the Ethereum blockchain, known for its robustness and decentralization. Nodes play a pivotal role in maintaining the network's integrity, handling tasks from processing queries, and crawling websites to writing data.

Keyword Staking: A Guide for Brands

Brands looking to leverage Presearch's user base can do so through Keyword Staking. Here's how:

  1. Choose Your Keyword: Decide on the term or keyword you believe is most relevant to your brand or product.
  2. Stake Your PRE Tokens: The higher the amount of PRE you stake on a keyword, the higher your ad ranks for that keyword.
  3. Maintain Your Position: If someone stakes more PRE on your chosen keyword, you might need to increase your stake to retain your ad's position.

Brands can thus target their audience efficiently while also benefiting from a cost-effective ad model.

In Conclusion

Presearch is not just another search engine. It's a manifestation of the Web3 vision where users regain control over their data, benefit economically, and participate in a decentralized digital ecosystem. In a world where data is the new gold, platforms like Presearch offer a more equitable way to mine and use that treasure.

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