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Presearch, a decentralized meta-search engine, has advanced its Web3 transition by launching its PRE token in beta on Base, a layer 2 blockchain supported by Coinbase.The company, which avoids tracking users or selling their data to advertisers, announced this development as part of its ongoing effort to create a fully decentralized search ecosystem, enhancing accessibility and efficiency for its users and advertisers while addressing long-standing challenges like high transaction fees.
The shift to Base Layer-2, designed to improve scalability and reduce costs for on-chain activities, enables Presearch to offer self-custodial staking mechanisms, allowing users to maintain full control over their assets while earning or staking PRE tokens for keyword ads.
This upgrade tackles issues such as low liquidity and expensive transactions that have previously hindered PRE's adoption.
Presearch's decentralized node network, which processes search results through a global community, ensures transparency and reduces biases common in traditional search engines.
The company reports over 150,000 active monthly users, 13 million monthly impressions, and more than 400,000 daily searches, reflecting its growing influence in bridging traditional internet users with the crypto space.
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"Base will expand our user base, increase liquidity, and boost community engagement, fueling further adoption and growth of the Presearch ecosystem," said Tim Enneking, CEO of Presearch.
The platform's search-to-earn model rewards users with PRE tokens for each search, with additional earnings through its staking system—the more PRE staked, the higher the per-search reward.
Presearch's PRE ButterFlyWheel mechanism integrates decentralized finance (DeFi) tools to enhance liquidity, token velocity, and search volume, creating a self-reinforcing cycle that supports its ecosystem.
"Users deserve a fully decentralized search engine that completely respects their privacy and participation," Enneking added, highlighting the platform's aim to counter the echo chambers prevalent in conventional search engines.
Presearch's Web3 focus has also attracted advertisers seeking privacy-first platforms, with partners like eToro, Bitcoin.com, Ledger, and KuCoin joining its network.
The company's infrastructure, powered by over 250 digital assets and a community-driven approach, offers a fair and secure search experience, contrasting with traditional platforms that often prioritize self-serving content.
While Presearch's model promotes user empowerment through rewards and privacy, it faces the challenge of scaling its decentralized operations while maintaining competitive search result quality against industry giants.
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