2 — Presearch, a Decentralized organization, has taken a different approach to web privacy by creating a Decentralized Search Engine. Presearch is a community-driven project with over 1.3 million registered users, where users can participate through various means to maintain and grow the project.
The Presearch source code is built by member contributions and runs entirely on blockchain node servers operated by community members. The decentralized nature of Presearch makes all search completely anonymous as it does not track your location or store your searches, with every search processed as an anonymous query to the network of node servers. Not too different from Bitcoin Miners contributing to secure the Bitcoin Blockchain Network, anyone can run a Presearch Node and earn rewards in the Presearch Native Token “PRE.”
Though running a Node is not the only way to earn PRE tokens, in fact, looking further into the tokenomics of PRE, it is clear they serve to grow the value of PRE and the Presearch network, benefitting the entire community. User’s of the Presearch Engine are rewarded in cryptocurrency for each search they make using Presearch (capped at 30 search rewards per day).
Additionally, advertisers can buy and then stake (lock-up) PRE tokens in a bid to have their ad displayed when a user searches on the term selected. As the network grows, more Users and Nodes on the network will likely equate to more selling pressure of the PRE token on the open market, however, the buying demand and value of Presearch will increase simultaneously as advertisers competitively bid for exposure to a growing audience. PRE’s token value is (in theory) directly determined by the fundamental value of its community — A “Network Deterministic Value” proposition I think we are likely to see as a growing trend in an array of sectors in the coming decade.