The Presearch ICO is scheduled for September 7, 2017 at 10am ET. Is Presearch’s ICO worth a look? Find out today as we’re explaining the key facts you need to know about Presearch’s ICO.
What Is Presearch?
Presearch is a decentralized search engine that uses a community-based process to provide more accurate search results.
The goal of Presearch is to disrupt Google and their centralized, controlling ways. Google has a tremendous influence on the way we access information. They control 77% of all search results. They act as gatekeepers, and Google can suppress search results, blacklist websites, and take away ad revenue. Presearch wants to change that.
How Does Presearch Work?
Presearch uses tokens to incentivize members of its community. Community members are rewarded for their usage, contributions to, and promotion of the platform.
Ultimately, the goal is a decentralized search process with key features like:
Open and transparent ranking factors. Google keeps its search rankings and algorithm a closely-guarded secret. Presearch aims to make its ranking factors open and transparent, which gives content creators a level playing field.
A community-driven decision-making process that ensures the best content is surfaced and displayed.
How Do Presearch Tokens Work?
Presearch tokens can be purchased during the crowdsale. Tokens will be given to early adopters to reward usage and promotion of the platform. In addition, token holders can vote on decisions and suggest new projects for the dev team. Developers – whether they’re part of the core team or independent contributors – will then receive tokens for contributing to the project.
Tokens can also be used by advertisers. Advertisers can purchase targeted, non-intrusive keyword sponsorships with Presearch Tokens.
The Presearch Token (PST) Sale
Here are some of the important facts you need to know about the token sale:
Total Token Supply: 1,000,000,000 (1 billion)
Maximum Crowdsale Cap: 200,000,000 tokens
- 5% sold in pre-sale
- 20% sold to early adopters
- 30% for public sale
- 30% allocated for distribution to reward usage, contribution to, and promotion of the platform
- 15% retained by the dev, marketing, and community teams
Standard: Ethereum ERC20 token
You can purchase the tokens using BTC or ETH. The first lot of PST tokens went on sale on July 25, and the second sale began on August 8. The general crowdsale is beginning on September 7, with future crowdsales to be announced.
All tokens will be issued at the end of September.
Presearch Conclusion: Should You Invest?
Take a read through the Presearch whitepaper to see what you think. It’s a 27 page whitepaper that goes into deeper technical details about the platform and how it works.
If you decide to invest, the crowdsale for Presearch Tokens (PST) begins September 7 at 10am.