^ Addendum to that.
The maximum PRE you can earn per day is 8. So that puts you at about $600 / year if maxing that each day. I guess it was a bit too good that it would be an unlimited faucet.
At the moment it looks like the Preseach site is getting about 60,000 visitors per day. Assuming that 20K-40K are using the search at an average of 4 PRE / day, that means they may be minting (or circulating) between 80,000 and 160,000 tokens per day; or $16,000 to $32,000. Or about $5M-10M / year.
Since going live there has been a considerable bump in trading volume, but it doesn't seem to have affected the price.
There's no reason anyone should get $0.05 for doing a web search. It's just a gimmick to lure people into using the site. Particularly as Google only makes $0.015 per search. Though these rewards will eventually be turned off when the supply reaches 1 billion.
So potentially the token could tank through saturation and (currently) no utility. The utility is primarily buying ads on their search engine, which they say will probably be live in summer 2019.
They have 20 developers.
The maximum PRE you can earn per day is 8. So that puts you at about $600 / year if maxing that each day. I guess it was a bit too good that it would be an unlimited faucet.
At the moment it looks like the Preseach site is getting about 60,000 visitors per day. Assuming that 20K-40K are using the search at an average of 4 PRE / day, that means they may be minting (or circulating) between 80,000 and 160,000 tokens per day; or $16,000 to $32,000. Or about $5M-10M / year.
Since going live there has been a considerable bump in trading volume, but it doesn't seem to have affected the price.
There's no reason anyone should get $0.05 for doing a web search. It's just a gimmick to lure people into using the site. Particularly as Google only makes $0.015 per search. Though these rewards will eventually be turned off when the supply reaches 1 billion.
So potentially the token could tank through saturation and (currently) no utility. The utility is primarily buying ads on their search engine, which they say will probably be live in summer 2019.
They have 20 developers.