How Do Rewards Work?

Presearch
Presearch
Feb 18 · 3 min read

Presearch offers PRE tokens as a reward for those who search through the platform. These tokens have intrinsic value because they are the access tokens purchased by advertisers to target searchers entering certain keywords.

Image for post
Image for post

The amount currently provided to searchers is 0.5 PRE if they search through a search engine called ‘Dsearch’ and 0.25 PRE if they search through any of more than 100 other resources available on Presearch.org.

Reward Rates

Each user can earn from between 0.25 to 0.5 PRE per search, up to 8 PRE tokens every 24 hours.

After you hit the 8 PRE threshold searches are not rewarded until the 24 hour time period resets at 12am midnight, UTC.

25 PRE tokens can also be earned when you refer a new user through your referral account.

Combating Abuse

Any type of incentivized system like Presearch is prone to those who would try to game the system via either automated means (bots) or deliberately searching solely to earn tokens.

To discourage from this type of behavior, we have developed what we’ve termed the reward verification system that, based on a user’s search patterns (search terms are never stored), assigns a PRE level based on a confidence algorithm that assesses the likelihood that someone is searching primarily to accumulate tokens.

Withdrawal / Redemption of PRE Rewards

The number of PRE that a user has earned is then multiplied by their PRE level to determine the number of tokens they are eligible to withdraw. Each user must collect at least 1,000 PRE to initiate a withdrawal.

You can view this link to see which users are withdrawing their PRE rewards to their external blockchain wallets:

https://etherscan.io/token/0x88a3e4f35d64aad41a6d4030ac9afe4356cb84fa

Any transaction that is from ‘Presearch: Token Sale’ for 1,000 PRE is likely to be a reward withdrawn from the platform for storage or exchange to other currencies.

Image for post
Image for post

After a withdrawal is initiated, it must currently be approved first. It can take up to 72 hours of a withdrawal to be approved, which gives us the opportunity to combat fraud and protect the system from abuse.

Reward Usage

Earned rewards are used primarily for two purposes, to run advertising on the platform and for sale to other purchasers for conversion into local currency or alternative cryptocurrencies like Bitcoin and Ethereum.

Image for post
Image for post
https://coinmarketcap.com/currencies/presearch/markets/

The current price of PRE tokens on external markets can be found on CoinMarketCap.

Please note that Presearch is not responsible for transactions outside the Presearch.org platform, and that purchasers should always exercise diligence when using a third-party exchange.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store