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Presearch new whitepaper (The Vision Paper)

I will check it for you, skimming to the most important informations. 

(A summary of their changes on this Twitter)

They start with some numbers, interesting numbers, but not saying that much. From 5000 users in 2018 to 1.5 millions users now, Presearch evolved nicely, having 10 million visits per month and 65 millions PRE staked in the actual form (keyword staking). Their media channels are similar with some other good projects, with 7.7k users on Telegram and 9.9k on Youtube. Presearch as search engine is private (not storing any personal info) and decentralised (using a network of nodes running open source software). Their are rewarding their users with a token called PRE (Presearch token).

After they announced the introduction of MasterNodes, the token value started to increase. PRE (Presearch token) is an standard ERC20 token, and at the moment we have 285 millions PRE in circulation, 150 millions reserved and 65 millions staked on keywords. Their total supply is 500 millions PRE. Presearch is a Canadian company from Ontario, Canada. The final aim of the company, called Phase 3, it is to be operated as a Decentralised Autonomous Organisation (DAO). At the moment (Phase 2) there are 10 specific active use cases for PRE, with another 15 planned during the Phase 3. 

The beta program for the MasterNodes wqill be launched in September 2020, and it will be focused on registering, validating and federating. Later in 2021 will be added serving and coordinating, crawling being the last operation to be implemented. For an operator to run a node, a number of 1000 PRE tokens will be the minimum required to be staked at the launch. It is specified that, while the payment for 10 nodes x 1k PRE will be the same as for 1 node of 10k PRE in terms of Capacity Rewards, , the Utilisation Rewards will be bigger for the one user having 10 small nodes than the user having one big node. But you will also need 10 computers and extra electricity, so this is a equation to be solved later, after launch. Keyword staking will be still used as an option, and the traffic from ads will be still free until January 2021. Another interesting option is to use PRE tokens to have an advertising free search engine. The Search rewards will be also present on the platform after the masternodes launch. 

In conclusion, after the beta launch in September 2020, the main launch will happen close to the end of this year. In order for this to work, i think that the Presearch team need to make the option of buying/selling PRE available on multiple channels, making it easier to sell and buy PRE (Presearch token). 

 

And with this, i hope you will be satisfied by the new changes implemented by the Presearch team and i stop here for today. Have a perfect weekend, full of lauch and banter!

G.

 

My crypto-related links  (check ratings – 1 to 5 stars based on my personal experience)

Games to gain crypto

***** League of Kingdoms – link here: similar with Heroes of Might and Magic or RoK (worldwide – paying in DAI)

***** DogeWars – link here (paying in Doge, 10-100 Doge initial investment, fight bosses and 1vs1 arena)

***** Rollercoin – link here (mining indie game, rewards in BTC, ETH & DOGE)

Exchanges

***** Binance( good for staking/savings ) – link here

***** Kucoin( good for staking/savings ) – link here

***** Coinbase( ideal for beginners )- link here  

****ChangeNOW (make your own exchange widget) – link here

Investments

**** BlockFi (decent interest rates, but less choices than Celsius) – link here

***** Celsius.network (good rates of interests and monthly codes for free crypto, 1235256530 => my referral for $10 bonus  ) – link here

**** Coinbundle (investing in crypto bundles) – link here  

**** Stakecube (staking, masternodes and very easy to claim faucets for 28 coins/tokens) – link here

**** Credit (staking, African currency – 200% staking rewards) – link here

Wallets for multiple cryptocurrencies

***** Coinpot – link here (microwallet for all Moon faucets, Bitfun and Bonusbitcoin)

***** Atomic wallet – link here (microwallet for Publish0x DAI, BAT and Loopring)

***** Sphere wallet (for Horizen, combined with the faucet for extra bonus) – link here  

**** Crypto.com wallet (good interest staking and 50$ bonus in MCO) – link here

Free crypto (faucets and more)

****Lbry.tv (free crypto for watching or making videos) – link here

****Bitfun( 3 min countdown – automatically deposit to Coinpot wallet ) – link here

****Bonusbitcoin( 15 min countdown – automatically deposit to Coinpot wallet ) – link here

****Moon Bitcoin ( 5 min countdown – automatically deposit to Coinpot wallet ) – link here

***** Horizen faucet ( 20 hours countdown – automatically deposit to Sphere wallet – bonus ) – link here

***** Zcash daily faucet (20 hours cooldown – automatically deposit to Binance- bonus) – link here

*** Tezos faucet ( 7 days countdown – automatically deposit to Coinbase or Binance wallet ) – link here

** Tron and other crypto faucet (24 hours countdown) – link here  

Others

***** Publish0x blog (Free BAT, DAI and Loopring for reading/writing – can combine with Atomic wallet) – link here

***** Brave browser (Free BAT for using it, based on paid ads, very good AdBlocker and high speed) – link here    

***** Presearch search engine (Free PRE for using it, works well in combination with Brave browser) – link here    

Disclaimer: This text also can be re-published on my personal blogs, such as this one.

 

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