Presearch is creating a decentralized, community-driven search engine designed to disrupt the multi-billion dollar internet search industry and has announced its beta launch. Having been used since 2013 as an internal tool, Presearch will launch in beta on the 9th of November, allowing users to search multiple engines including Amazon and Google and be rewarded with PRE tokens.
Presearch is an open, decentralized search engine built to reward transparency and community participation. Presearch operates with transparent ranking factors, giving content creators access to a level playing field. Presearch has generated more than $12 million in revenue from its ongoing token sale, with lot 5 of PRE tokens being made available to the public on the 14th of November, 2017.
Anthony Di Iorio, co-founder of Ethereum and the founder of Jaxx, has joined Presearch’s advisory board to help guide the development of its blockchain-based service. Presearch’s advisory board also includes internet pioneer Rich Skrenta, who sold his search engine Blekko to IBM Watson; open-source search innovator Trey Grainger, SVP of Engineering at Lucidworks; and technology lawyer Addison Cameron-Huff, whose experience includes working with Ethereum’s founding team.
Colin Pape, Presearch Founder and Project Lead, said: “We are thrilled to have an entrepreneur of Anthony Di Iorio’s calibre join the Presearch Advisory Team. Anthony has a compelling vision for the blockchain space, and we are excited to work with him on the project and get his feedback on our beta release,”
By rewarding members for using, promoting, and contributing to the Presearch platform, the company aims to create a scalable ‘Wikipedia for search’ to discover the best content for each inquiry. Presearch’s curation and overall development of the platform is incentivized with the Presearch Token (PRE). A community-based decision-making process ensures everyone’s interests are aligned. The Presearch community can also vote on and fund new development projects to continually optimise the platform.
Di Iorio stated: “The power of blockchain technology lies in its real-world use cases, and Presearch demonstrates this with a compelling alternative to search engines run by global corporations. I look forward to using Presearch myself, and advocating for its growth in the blockchain community and beyond.”