PRE

Overview of PRE

PRE, formally known as Presearch Token, is a type of cryptocurrency that was founded in 2017 by Colin Pape and Thomas LeClair. This cryptocurrency operates on various exchanges, with supported exchanges including Binance, KuCoin, HitBTC, and Probit. Regarding the storage of PRE, it is compatible with multiple wallets, such as MyEtherWallet, Ledger Nano S, and Trezor.

Pros and Cons

What Makes PRE Unique？

PRE, short for Presearch Token, distinguishes itself from other cryptocurrencies by leveraging the concept of a decentralized search engine. It aims to provide an open and community-driven search platform where PRE token holders can influence the development direction, making it unique compared to traditional, centralized cryptocurrencies.

The PRE token works as a utility token within the Presearch platform. Users are rewarded with PRE tokens for searching, and these tokens can be used for advertising or to vote on platform governance decisions. This user-centric, interactive model sets it apart from many other cryptocurrencies, which primarily function as a means of transaction or store of value, without as much user engagement in the platform's functional development.

How Does PRE Work？

The working mode and principle of the Presearch Token (PRE) centers around a community-driven search engine platform where users are rewarded for their participation.

The platform creates a system that incentivizes user engagement by providing PRE tokens for conducting searches, thus creating a use case for the token beyond a simple store of value or method of transaction.

Exchanges to Buy PRE

Here are five exchanges where you can acquire PRE along with the currency pairs and token pairs they support:

1. Binance: This is one of the largest cryptocurrency exchanges globally. Binance supports a wide range of currency and token pairs for trading, including PRE/BTC and PRE/ETH.

2. KuCoin: KuCoin offers numerous digital assets for trading. With PRE, trading pairs include PRE/ETH and PRE/USDT.

3. HitBTC: This exchange offers services to individual traders worldwide. On HitBTC, PRE can be exchanged with BTC, ETH, and USDT.

4. CoinMarketCap: An international exchange that supports a large number of cryptocurrencies. CoinMarketCap offers PRE trading with pairs such as PRE/BTC.

5. Flux: Bitcoin and PRE can be exchanged on Flux. The available trading pair for this exchange is PRE/BTC.

How to Store PRE？

Storing PRE, or Presearch Token, like other cryptocurrencies, requires a digital wallet. As an Ethereum-based ERC-20 token, PRE can be stored in any wallet that supports this standard. It's important to note that the type of wallet to use depends on the user's requirements for security, ease of use, and access.

There are various types of wallets that can be used to store PRE, each having its own pros and cons. These include:

Software Wallets: These are applications installed on your computer or mobile device. They offer improved security over web wallets. Examples of these include MetaMask and Electrum.

Hardware Wallets: These are physical devices designed to securely store cryptocurrency offline, making them resistant to online threats. They are considered the most secure type of wallet for storing cryptocurrencies. Renowned hardware wallets like Ledger Nano S, Ledger Nano X, and Trezor are compatible with ERC-20 tokens, including PRE.

Should You Buy PRE？

Determining who is suitable to buy a specific cryptocurrency like PRE depends on a variety of factors. Here are some potential profiles of those who might be interested in PRE:

1. Tech Enthusiasts: Those who have a strong interest in blockchain technology and how it can be utilized beyond simply a form of currency might be drawn to the unique use case of PRE—the idea of a decentralized search engine.

2. Active Participants: PRE's model rewards active users who perform searches on the platform. As such, those who wish to participate actively and gain from that participation might be attracted to PRE's approach.