Presearch Launches Its PRE Token in Beta on Base, a Layer 2 Blockchain

Presearch, a decentralized meta-search engine, has advanced its Web3 transition by launching its PRE token in beta on Base, a layer 2 blockchain

Presearch, a privacy-focused decentralized meta-search engine, has announced the beta launch of its PRE token on Base, a layer 2 blockchain supported by Coinbase.

The company, which does not track users or sell their data to advertisers, is known for its efforts to build a fully decentralized search ecosystem, aiming to enhance accessibility and efficiency for its users and advertisers. This move also addresses the high transaction fees and limited scalability that have posed challenges for Presearch in the past.

Shifting to Base Layer-2, designed to improve scalability and reduce costs for on-chain activities, allows Presearch to introduce self-custodial staking mechanisms. This enables users to maintain full control over their assets while earning or staking PRE tokens for keyword ads.

The upgrade effectively tackles issues such as low liquidity and expensive transactions that have previously hindered PRE's adoption and use. It is part of Presearch's broader strategy to integrate its token more deeply into the platform's fabric.

Presearch's decentralized node network, composed of community members, processes and delivers search results, ensuring transparency and reducing biases. The company reports having over 150,000 active monthly users, 13 million monthly impressions, and more than 400,000 daily searches. This positions Presearch to bridge traditional internet users with the crypto space.

"We are excited to expand our user base, increase liquidity, and boost community engagement, which will fuel further adoption and growth of the Presearch ecosystem," said Presearch CEO Tim Enneking.

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.