Here’s a teaser of the most recent AMA (Ask Me Anything) KuCoin had with the Presearch CEO on April 2, 2021, 12:00 (UTC). Presearch is building a decentralized search engine that offers private search, open search results, and rewards as PRE tokens for those who use it. Pumped up with the 20,000 PRE giveaways, I had to blog about it again, but this time, I go in-depth.

These are the words from the CEO, Colin Pape himself. Have a listen, I mean, read… Hehe.

• What are Presearch Nodes and How do they Work?

Colin Pape: 

… As mentioned, Presearch nodes are responsible for powering the whole search ecosystem. Currently, this is done on the testnet, but the developers and beta participants are working hard on getting ready for user nodes to migrate to mainnet. We'll have an announcement on the mainnet launch date shortly.

This is how search nodes work:

A new way for Presearch community members to participate in the ecosystem. A user does a search on Presearch; their query is sent to a node gateway server.

The node gateway anonymises the search query removing the user's personally identifiable information, including their IP address, device information and any information to make their search anonymous.

The gateway selects one of the nodes that run on a distributed network of computers, based on the speed, location and trust level of the node.

The node retrieves results from all sorts of sources, including existing search engines, databases and APIs, which then gets sent back to the gateway, which then displays the search results and keyword ads on the user’s screen.

The user receives a PRE reward for their search query, and the node operator receives a PRE reward for processing the query.

• Any Major Updates for us?

First, we're working on an updated version of the Vision Paper. This Vision Paper is a working document that was published in July of 2020. It’s important we update this as it reflects what we have accomplished to date, what we are working on currently and what users can expect in the near future.

Second, by now everyone has experienced the current high gas fees on the Ethereum Network. As a project that processes tons of withdrawal requests on a monthly basis, this has been a major challenge. We’ve unfortunately had to shift away from covering the cost of reward withdrawals, which are currently between $10 and $30 per transaction. Users can cover their own fees to receive their rewards, but it’s simply not sustainable for the project to do so while gas costs are so high.

As a result, we are currently working on a bridged token on another blockchain, which has significantly lower gas fees.

Third, the team is working hard together with the community on building and releasing a stable user node testnet. From which user nodes can migrate to the mainnet and power all search queries on the network. This is going to be a huge accomplishment and makes Presearch the world’s first major search engine that offers private and decentralized search queries.

Fourth, users can expect to see an improved mobile experience in the near future. It's been an area where we haven't been as focused until recently.

We currently have a new iOS browser in alpha testing that will enable you to easily search privately with PRE through the search / URL address field.

This has been a missing link, for sure, and we're excited to roll it out in the next month or so.

We'll make the announcement on our community channels if you'd like to follow us.

Later this year, it is planned to also release various other major developments that improve the advertising & reporting experience, serving nodes, data sharing rewards, indexing nodes, and more.

• What is the Current Circulating Supply Like?

Over 400M PRE tokens are currently in circulation, and the maximum supply is 500M PRE, so we're more than 80% of the way to the total PRE available.

Out of this 400M PRE, more than 80M PRE is currently staked between keywords and user nodes. This is a major accomplishment and we’re looking forward to seeing even more users participate in this as the experience continues to evolve and improve.

On top of that, community members, team members and crowd sale voluntarily hold a large number of PRE tokens (2017) on the Presearch platform. These PRE tokens haven’t moved in a long time and are being held by great supporters of the project.

• Who is your Main Target?

We are attracting people who are crypto enthusiasts and who love altcoins.

As well, with node operators, it's people who want to help actively support the project by providing the infrastructure needed to power the project.

Our members come from all over the world and all walks of life.

Many of them are referring their family and friends to the project and helping us spread the word, which is much appreciated!

• Share the Challenges Presearch has had.

We really haven't focused on marketing as we've been trying to build out our full ecosystem before adding millions or tens of millions of users. Pretty much all of our growth has come organically through our referral program.

Now that we are preparing to launch our mainnet, have a working advertising platform, user nodes, etc., we're ready to roll.

We've had a missing marketing asset that we just acquired, so now it's time to ramp up growth in a huge way and spread the word!

We have lots of promotion planned for within the crypto space and to reach non-crypto users, with a target to reach 10 million registered users by the end of 2021.

• Give us a Brief about the Experience your Team had with the Partnership with KuCoin.

There's a new question that no one has ever asked.

Honestly, KuCoin have been wonderful to deal with. We've been very happy with their customer support, the functionality of the platform and just how they've operated in general - communication has been great, and the hack last fall really demonstrated that they are here for the long-term and that they will ensure that they do the right thing, even when it's very challenging.

We were impressed by how well they handled that situation and it only served to build our confidence in the KuCoin team.

We're grateful for their support and happy to work with them to make PRE more accessible to millions of people! …

You can find KuCoin and Presearch blogs right here on Publish0x.

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