Presearch is thrilled to announce a significant milestone in their journey towards a more decentralized, permissionless, and user-centric search ecosystem. With the successful deployment and audit of the PRE token on Base Layer 2 and the enablement of Base PRE deposits and withdrawals on its Platform, they want to take a step forward in enhancing the infrastructure of the Presearch ecosystem.
What Does the Integration with Base Mean for Presearch?
Base is a layer-two scaling solution for Ethereum, backed by Coinbase and designed to enhance the scalability and performance of operating on-chain. It means that it improves scalability by lowering transaction fees. This means the efficiency and accessibility of PRE, such as high transaction fees and low liquidity, can be solved when this step is taken.
With this integration, Presearch could attract a larger user base, increase their liquidity for PRE, and create more community engagement.
This allows users to enjoy quicker deposits, withdrawals, and transactions with the PRE token. It also makes search staking to earn easier, with the potential to bridge Erc20 PRE to Base PRE being very simple.
Enhancing Liquidity and User Experience
The initial liquidity for the PRE token has been seeded on Aerodrome, a leading decentralized exchange (DEX), in anticipation of enhancing the liquidity of the PRE token, making it faster and cheaper for users to swap and exchange PRE tokens.
Moreover, any withdrawal or reward claim restrictions for users who had previously deposited PRE tokens have been eliminated, allowing for free withdrawal and claim of rewards on the platform without any problems.
Conclusion
The integration of the PRE token on Base Layer 2 is a good step in the evolution of Presearch, as it means that users can be more flexible with their tokens and can finally withdraw their tokens without any issues. In going to Base, backed by Coinbase, the Presearch team aims to become the go-to search engine and AI chatbot choice for the entire Crypto/Web3/DeFi community.
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