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Terms of Service

Last Updated: July 18th, 2022

Presearch.com ("Presearch") offers an internet search engine. This search engine enables you to run searches, to advertise to others who run searches, or to run node software that powers the search engine. You will need a Presearch account to participate in some of these activities, and you may also be eligible to receive rewards for some of these activities.

By using Presearch, you agree to the terms of service (the "Terms") outlined below, as well as any future revisions to the Terms.

Use of Services

Presearch, its subsidiaries, and related organizations offer services to you provided that you are of legal age to form a binding contract and are not a person barred from receiving services under the laws of Canada or other applicable jurisdiction. In order to access certain services, you may be required to provide current, accurate contact or other information as part of the registration process and/or continued use of Presearch services. You are responsible for maintaining the confidentiality of your account password, and are responsible for all activities that occur under your account. You agree to immediately notify Presearch of any unauthorized use of your password or account or any other breach of security. Presearch cannot and will not be liable for any loss or damage arising from your failure to provide us with accurate information or to keep your password secure.

Conduct

You understand that all information, data, text, software, music, sound, photographs, graphics, video, messages or other materials ("Content") are the sole responsibility of the person from which such Content originated. Presearch reserves the right, but shall have no obligation, to pre-screen, flag, filter, refuse, modify or move any Content available via Presearch services. You understand that by using Presearch services you may be exposed to Content that is offensive, indecent, or objectionable, and that you use Presearch services at your own risk.

You agree that you are responsible for your own conduct and any Content that you create, transmit, or display while using Presearch services and for any consequences thereof. You agree to use Presearch services only for purposes that are legal, proper, and in accordance with the Terms and any applicable policies or guidelines. You agree that you will not engage in any activity that interferes with or disrupts Presearch services or servers or networks connected to Presearch services.

Fraud and Abuse

Presearch may offer Members rewards for using the service, namely, Presearch Tokens ("PRE"), in exchange for beneficial activity such as searching, referring new users, engaging with content, long-term engagement on the platform, providing server capacity, or choosing specific paid search resources, among other possible reasons. As such, these incentive mechanisms are potentially subject to attempted fraud and abuse, and therefore, to protect the project and its Members, fraud or abuse of any sort will absolutely not be tolerated.

In the event that Presearch detects fraud or abuse on your part, we reserve the right to terminate your account and/or cancel any rewards provided. Additionally, we may take steps to further prevent you from using the service, and we also reserve the right to prosecute you for fraudulent activity.

Fraud is defined as intentionally attempting to earn additional rewards that you would not earn under regular use, or to obtain or withdraw tokens to which you have not legitimately purchased or earned. Abuse includes submission of advertisements which violate published Presearch advertising policies, modification, exploitation, or reverse engineering of Presearch software or traffic, using bots or programmatic means of accessing Presearch's website or services (except when exposed intentionally through an API as opposed to a web page), or performing any action which interferes with the normal operation and stability of the Presearch platform.

Some examples of fraud and abuse include, running automated programs or bots designed to earn rewards, doing searches more frequently than you would under normal circumstances or entering bogus or duplicate queries in an attempt to earn rewards beyond those which would typically be provided for normal search behavior, creating accounts with invalid emails or contact info, creating fake accounts or fake referrals, or creating multiple accounts to bypass account limits and restrictions. Note that the use of traffic anonymization services (shared VPNs, TOR, cloud servers, etc.) may also flag your account as fraudulent if other Members are also using those networks to fraudulently earn rewards. There is an automated anti-abuse system in place that analyzes your search behavior and platform usage on an ongoing basis to determine whether you are abusing the reward system.

In the event you are determined to have violated any these Terms, any rewards you have earned may be forfeited. Any decision by Presearch to revoke your rewards for a Terms of Service violation will be in the sole and complete discretion of Presearch.

Token Types

The Presearch Token (PRE) is the fundamental unit of value within the Presearch platform. PRE are pre-paid advertising credits for use on the platform. Members can both purchase PRE and earn PRE through their contributions on the platform, as well as transfer PRE credits to and from supported public blockchains.

PRE tokens in a Member's account can be found in the following locations:

PRE Wallet: The tokens in the PRE Wallet belong to the Member and are held on the Presearch platform for safekeeping. All deposits, purchases, transfers, claimed rewards, and removed token stakes go into this wallet. When tokens are staked, the balance of this wallet is reduced.

Staking: These tokens have been pledged to a particular purpose, and belong to the Member so long as they fulfill that purpose without violating the Terms of Service. Staking is a mechanism enabling Members to have something at stake (“skin in the game”), since they are liable to forfeit their stake if they participate in any behavior that violates the Presearch Terms of Service. By having something staked, this enables Presearch to have higher levels of trust in a Member, and therefore to often provide higher levels of rewards or other benefits to the Member.

If a Member violates the Terms of Service, however, then tokens staked by that Member can be revoked. As an example, if a Member stakes PRE on a keyword advertisement and submits a malicious ad, their staked PRE may be forfeited and not recoverable. If a node operator stakes PRE on a node, and then modifies the node software, tries to capture network data, or otherwise intentionally causes network disruptions, their staked PRE may be forfeited and not recoverable. If a Member stakes PRE toward search staking and then is determined by our fraud detection system to have generated invalid search or referral activity, then their staked tokens may be forfeited and not recoverable.

Rewards: These tokens do not belong to the Member until the Member has claimed them on the platform and transferred them to their PRE Wallet. Some rewards tokens (such as Usage Rewards) require obtaining a minimum rewards balance before the tokens can be claimed. Other rewards tokens (like Node Rewards) may have no minimum balance requirement.

Token Time Locks

In order to prevent abuse and arbitrage opportunities across the Presearch network, a 24 hour lock is placed on withdrawals of any tokens that are:

Unstaked: This timelock prevents a Member from staking tokens, performing a malicious act on the network, and then immediately unstaking and withdrawing their tokens before the abuse or exploit is caught.

Purchases: This timelock prevents Members from using the Presearch platform for market arbitrage opportunities versus external markets.

Reward Claims: This timelock allows fraud detection systems time to detect abuse or inappropriately-earned rewards associated with a rewards claim.

Time locks only affect withdrawals from your PRE Wallet - they do not affect your token balances or ability to immediately stake your tokens on the platform. To withdraw tokens, though, you must always hold your unstaked, claimed, or purchased in your PRE Wallet for at least 24 hours before attempting to withdrawal them.

NOTE: There is no time lock on deposits into your PRE Wallet.

Rewards and Withdrawals

Before a Presearch Member can use their Presearch Reward Tokens or withdraw them to the blockchain, they must first earn enough tokens to claim them and transfer them to their PRE Wallet. Claiming of PRE Rewards tokens is subject to the following limitations:

For Usage Rewards:

  • 1,000 PRE must be earned in order to claim Usage Rewards
  • A maximum of 1,000 PRE may be claimed every 90 days
  • Presearch reserves the right to increase or decrease these thresholds at any time

For Node Rewards:

  • Any amount of PRE rewards may be claimed at any time

Once a user has claimed their rewards tokens, they own those tokens within their PRE Wallet, at which point the member may hold them, stake them, or request a withdrawal.

Once a withdrawal request is initiated, one of two things will occur:

  1. It will be automatically approved for an immediate withdrawal by the Member to their digital wallet (i.e. an Ethereum wallet that supports ERC-20 tokens).
  2. It will be put in a queue to be approved by a Presearch administrator. This scenario may occur if the withdrawal amount is high enough to trigger a manual review, if a significant number of withdrawals across the platform have triggered a temporary manual review of all transactions, for an occasional randomized review, if there is a potential anomaly (fraud, abuse, security issue, etc.) with the Member's account that warrants further review prior to completing the withdrawal transaction. If a request has been issued or otherwise allowed involving a system error or malicious activity, Presearch reserves the right to block a request at the approval stage and/or rescind any staked or previously rewarded tokens. If your request is initially denied for any reason, you will be notified by a message on the site and will be directed to contact support@presearch.io.

You may be limited to a certain number of withdrawals in a certain period of time, or a certain number of tokens at a single time or in a period of time. This number may change based upon your account activity, or based on the needs of the project.

If your account is left dormant for more than one year, meaning that you do not login and record a search for 365 days, Presearch will consider your account abandoned and will rescind any unclaimed Rewards tokens in your account. This does not apply to any tokens that have been purchased from Presearch, previously claimed, staked by the Member, or transferred onto the platform from the blockchain.

Privacy Policy

Presearch takes your privacy very seriously.

By using Presearch services, you agree to the terms of the Presearch Privacy Policy, found at https://presearch.com/privacy.

You understand that the technical processing and transmission of Presearch services, including your Content, may involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks, devices or services. You also understand and agree that administrators may have access to your account and its content, and may suspend or terminate your account access and your ability to modify your account.

Additional details of the Presearch privacy policy, including GDPR compliance, can be found at https://presearch.com/privacy.

Copyright and Trademarks

Presearch is building an open source platform that is controlled by the community, for the community. That said, Presearch services may contain proprietary and confidential information that is protected by applicable intellectual property and other laws and treaties. You further acknowledge and agree that Content contained in sponsor advertisements or presented to you through Presearch services may be protected by copyrights, trademarks, service marks, patents, or other proprietary rights and laws.

Data Storage and Use

You agree that Presearch has no responsibility or liability for the deletion or failure to store any Content and other communications maintained or transmitted by Presearch services. You acknowledge that Presearch may have set no fixed upper limit on the number of transmissions you may send or receive through Presearch services or the amount of storage space used; however, we retain the right, at our sole discretion, to create limits at any time with or without notice. You recognize that third-party services that you access through Presearch may collect information beyond that which Presearch collects, and that any information you provide, directly or indirectly, to those parties is subject to the terms and conditions of those services, and which are outside the control or responsibility of Presearch.

Upon the termination of your use of Presearch services, including upon receipt of a certificate or other legal document confirming your death, Presearch will close your account, and you will no longer be able to retrieve content contained in that account.

Modifications to Service

Presearch reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, Presearch services (or any part thereof) with or without notice. You agree that Presearch shall not be liable to you or to any third party for any modification, suspension, or discontinuance of Presearch services.

Sponsorship and Advertising

Some Presearch services are supported by sponsorship revenue and may display sponsored promotions on the service. Such sponsorships may be targeted to the content of information stored on the Presearch services, queries made through Presearch services or other information. The manner, mode and extent of sponsorships by Presearch on its services are subject to change. As consideration for your use of Presearch services, you agree that Presearch may place such sponsorships and that Presearch shall not be responsible or liable for any loss or damage of any sort incurred by you as a result of the presence of such sponsors on Presearch services or your subsequent dealings with sponsors. All sponsored content shall be clearly indicated as such.

External Resources

Presearch services may provide, or third parties may provide, links or redirects to other internet sites or resources. Presearch may have no control over such sites and resources and you acknowledge and agree that Presearch is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available from such sites or resources. You further acknowledge and agree that Presearch shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such Content, goods or services available on or through any such site or resource.

Notwithstanding anything to the contrary in any external terms of service or agreements, by accessing, proxying, crawling, incorporating, redistributing, or caching any information from Presearch's public website, you thereby grant Presearch, as well as all entities running a node powering the Presearch search engine, a world-wide, irrevocable, permanent, and royalty-free license to access, proxy, crawl, incorporate, redistribute, or cache any information from your public website. You further agree not to take any action, either directly or indirectly (such as through third parties), to interfere with Presearch exercising this license.

Indemnity

You agree to hold harmless and indemnify Presearch, and its subsidiaries, affiliates, directors, advisors, officers, agents, employees, advertisers, licensors, suppliers, or partners, (collectively "Presearch and Partners") from and against any third party claim arising from or in any way related to your use of Presearch services, violation of the Terms or any other actions connected with use of Presearch services, including any liability or expense arising from all claims, losses, damages (actual and consequential), suits, judgments, litigation costs and attorney fees, of every kind and nature.

Disclaimer of Warranty

You expressly understand and agree that:

Your use of Presearch services is at your sole risk. Presearch services are provided on an "As is" and "As available" basis. To the maximum extent permitted by law, Presearch and partners expressly disclaim all warranties and conditions of any kind, whether express or implied, including, but not limited to the implied warranties and conditions of merchantability, fitness for a particular purpose and non-infringement.

Presearch and partners do not warrant that (i) Presearch services will meet your requirements, (ii) Presearch services will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of Presearch services will be accurate or reliable, (iv) the quality of any products, services, information, or other material purchased or obtained by you through Presearch services will meet your expectations, and (v) any errors in the software will be corrected.

Any material downloaded or otherwise obtained through the use of Presearch services is done at your own discretion and risk and that you will be solely responsible for any damage to your computer system or other device or loss of data that results from the download of any such material.

No advice or information, whether oral or written, obtained by you from Presearch or through or from Presearch services shall create any warranty not expressly stated in the terms.

Limitation of Liability

You expressly understand and agree that Presearch and partners shall not be liable to you for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if Presearch or partners have been advised of the possibility of such damages) resulting from: (i) the use or the inability to use Presearch services; (ii) the cost of procurement of substitute goods and services resulting from any goods, data, information or services purchased or obtained or messages received or transactions entered into through or from Presearch services; (iii) unauthorized access to or alteration of your transmissions or data; (iv) statements or conduct of any third party on Presearch services; or (v) any other matter relating to Presearch services.

Exclusions and Limitations

Nothing in this agreement is intended to exclude or limit any condition, warranty, right or liability which may not be lawfully excluded or limited. Some jurisdictions do not allow the exclusion of certain warranties or conditions or the limitation or exclusion of liability for loss or damage caused by negligence, breach of contract or breach of implied terms, or incidental or consequential damages. Accordingly, only the limitations in the Limitation of Liability above are lawful in your jurisdiction will apply to you and our liability will be limited to the maximum extent permitted by law.

Notice

You agree that Presearch may provide you with notices, including those regarding changes to the Terms, by email, Telegram or postings on Presearch services. The official communication channel for Presearch is via the support@presearch.io email address.

General Information

Entire Agreement. The Terms (including any policies, guidelines or amendments that may be presented to you from time to time, such as Program Policies and Legal Notices) constitute the entire agreement between you and Presearch and govern your use of Presearch services, superseding any prior agreements between you and Presearch for the use of Presearch services. You also may be subject to additional terms and conditions that may apply when you use or purchase certain other Presearch services, affiliate services, third-party content or third-party software.

Choice of Law and Forum. The Terms and the relationship between you and Presearch shall be governed by the laws of the Province of Ontario without regard to its conflict of law provisions. You and Presearch agree to submit to the personal and exclusive jurisdiction of the courts located within Simcoe County, Ontario.

Waiver and Severability of Terms. The failure of Presearch to exercise or enforce any right or provision of the Terms shall not constitute a waiver of such right or provision. If any provision of the Terms is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the Terms remain in full force and effect.

Statute of Limitations. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of Presearch services or the Terms must be filed within two (2) years after such claim or cause of action arose or be forever barred.

Termination

You may discontinue your use of Presearch services at any time. You agree that Presearch may at any time and for any reason, including a period of account inactivity, terminate your access to Presearch services, terminate the Terms, or suspend or terminate your account. In the event of termination, your account will be disabled and you may not be granted access to Presearch services, your account or any files or other content contained in your account. This agreement shall survive the expiration or termination of your account.

Contact Information

Presearch.com

270 King Street

Midland, Ontario, Canada

www.presearch.com

info@presearch.io