Presearch is a cryptocurrency with a good social media following and a strong multifaceted use case. While PRE tokens have somewhat low trading volume and 12-month history of price declines, we believe these are due to overall market conditions and are not reflective of the potential value of the Presearch ecosystem. We believe that Presearch has good potential and recommend investors consider this coin.
What is Presearch?
Founded in 2015 by Colin Pape and Thomas LeClair, Presearch is a decentralized search engine that is built on the blockchain network and rewards users with PRE tokens when they use the platform. The main purpose of the Presearch platform is to provide users with a secure network, decentralize the search ecosystem, as well as reward users who provide value to the search system. The goal of the Presearch search engine is to provide users with improved search choice and personalized control over their experience, as opposed to automated personalization driven by tracking and profiling.
The Presearch system is powered by PRE tokens, built on the Ethereum blockchain. This token serves as a unit of account and store of value within the platform, allowing stakeholders to transfer value. The PRE token has various uses, such as rewarding searchers for using Presearch, promoting users who refer new members, and rewarding node operators. It also allows advertisers to stake their tokens against certain keywords. The purpose of the PRE token is to create a secure, transparent, and incentive-driven ecosystem within the Presearch platform.
Operators who stake PRE tokens can run Presearch Node software on their computer or excess server capacity to help power the Presearch decentralized search engine. By providing computing resources, operators earn rewards in return. This is done through a software environment called Docker, which is available on all major operating systems and server platforms. To install a node, an operator must first register for an operator code, which is then entered when launching the node. This helps crawl the web and answer user search queries, providing incentives for more nodes to join the network.
Presearch has a healthy social media following with over 94.7k total followers on Twitter, Telegram, Facebook, and Reddit. These social media channels are still active and updated at least once a week.
Daily Market Trading Volume
The daily trading volume for Presearch crypto is currently at $159,294. According to Coingecko, as of the time of this writing, the value of Presearch crypto is $0.053248.
The value of Presearch tokens has dropped significantly in the last year, with pricing data showing a decrease of at least 75 percent. This decline is likely due to prevailing market conditions. The Standard & Poor’s Global cryptocurrency market index fell by 46 percent in 2022 (1), indicating an overall decline in crypto assets.
Does Presearch Crypto Solve A Significant Market Problem?
Yes. Presearch can solve a significant market problem.
Presearch solves two significant market problems. One for users of internet search engines and one for businesses needing effective advertising.
The Search Engine, Less Bias, Income Opportunities
The Presearch Engine is a new search engine that harnesses the power of blockchain technology and its community to offer an open, transparent, and decentralized search platform. It operates more like a public utility than a for-profit business, allowing users to participate in the creation and curation of an index that provides superior results free from censorship. Earning rewards is easy; just use Presearch to search the internet.
Unbiased results for users
Presearch represents an attractive alternative for internet users who want unbiased search results. The most commonly used search engine is Google. In recent years, Google has shown significant political bias in, for example, the 2016 presidential elections (see Epstein), and has a history of skewing results to favor big business, removing controversial topics (Insider.com), or favoring its own products or services (Edelman). Bing has also shown a pattern of favoring its products and services (Wright).
In contrast, Presearch offers a search engine that provides comparable results to Bing and Google without issues of overt bias. This is because Presearch is owned by a non-profit foundation, is decentralized, and is informed by user input. This makes their results more accurate and therefore more useful.
Income opportunities for users
The Presearch ecosystem also represents income opportunities for users in two ways: search and token staking. First, users are rewarded with 1/10th of a PRE token per search up to 8 tokens every 24 hours (1). These tokens can be used to purchase goods or services within the Presearch ecosystem or transferred to an external wallet and exchanged for other currencies. Second, users can set up a Presearch node (used to process user search requests), stake Presearch tokens, and get paid in PRE for maintaining the node.
Keyword Staking – Significant Growth Possible
Keyword staking is the Presearch term for buying add space in their search engine results. Advertisers buy PRE tokens to stake for a specific keyword. If an advertiser has the highest amount staked, their ad will be displayed in search results. Compared to bigger search engines like Google or Bing, Presearch is still a relatively open playing field.
At the time of this writing, many keyword search combinations were not staked and with PRE tokens currently trading at 5 cents, the Presearch ecosystem is an attractive opportunity for tech-savvy businesses needing effective low-cost advertising.
Because keyword staking is essentially buying advertising this means the value of Presearch could potentially be quite high. The American search engine market is currently valued at between $121.8 Billion and $381.0 Billion (here and here). If Presearch can capture just 1/4 or 1/2 of one percent of the U.S. search market, it means the value of Presearch could be up to $90 Million — depending on the number of users Presearch can adopt.
And the Presearch team appears to have done a good job growing its user base. Here is a chart of its user growth from 2018 to 2020.
In short, the PRE ecosystem provides what looks like a good opportunity to secure low-cost advertising in a growing niche market. For investors, this suggests the value of holding tokens should increase as the use of the Presearch engine becomes more popular.
Presearch – Our Summary
Presearch is a legitimate search engine that offers users the ability to earn cryptocurrency, PRE. It has various advantages such as unbiased results and a relatively inexpensive way for businesses to advertise; however, the value of the PRE token is currently depressed due to prevailing market conditions. We recommend that investors interested in up-and-coming crypto projects give this currency a careful look.
You may also check Presearch’s whitepaper here.
To learn how More Than Finances rates cryptocurrencies, read our rating explanation here.
What are your thoughts on Presearch cryptocurrency? Let us know in the comments below!