The Presearch Team is excited to announce that we have completed the creation and distribution of a new PRE token as per our previously announced notice.
All those who hold PRE in the Presearch platform, as well as on blockchain wallets now have the new replacement token available to them.
The process was completed at 9:10am UTC on Saturday, October 17th, 2020.
Support for the old PRE token on the Presearch platform, in wallets and on exchanges has been discontinued effective now, and the old PRE tokens are now considered useless and valueless.
New Token Information
The details of the new token can be found below:
Standard: Ethereum ERC20
Maximum supply: 500,000,000 PRE
New token contract address: 0xEC213F83defB583af3A000B1c0ada660b1902A0F
Etherscan link: https://etherscan.io/token/0xEC213F83defB583af3A000B1c0ada660b1902A0F
External Service Information
We are in the process of updating all of the external services that support the PRE token, exchanges, wallets, information services and aggregators.
It may take a few days or longer for all services to update their information as we do not control how or when this is done. All services have been contacted directly by the Presearch Team.
We have prepared a list of supporting services and will publish status updates here:
Instructions and Support
For wallets that automatically support PRE, once the wallet provider has updated the PRE contract address, your replacement tokens will automatically appear in your wallet.
For those wallets that require each token to be added manually, you will need to add a new custom token with the following information for your PRE to appear in your wallet:
Contract address: 0xEC213F83defB583af3A000B1c0ada660b1902A0F
Token Name: Presearch
Token Symbol: PRE
Once you add that information from the address where you held your previous PRE tokens, the new ones will appear.
We suggest that after you add your new token that you remove the old one to avoid confusion.
Now that the new PRE token has been distributed, we are preparing to open up withdrawals of PRE tokens from Presearch.org during the week of October 19th.
In order to protect token holders from withdrawing their PRE to old deposit addresses that are no longer supported by exchanges, we are cancelling all pending withdrawals and ask that anyone wishing to withdraw please submit a new request using the new deposit addresses provided by exchanges.
Once withdrawals go live again and after initial testing, we will return to the previous 72-hour withdrawal timeline.
Thank You For Your Support!
We truly appreciate your patience and support throughout this challenging period and the delays in withdrawals and transfers it has caused.
We would like to thank the development team also for their tremendous efforts in executing this unanticipated token swap while continuing to deliver on the existing roadmap that will see Presearch Nodes launch before the end of 2020.
Presearch is an open, decentralized search engine that rewards community members with Presearch Tokens for their usage, contribution to, and promotion of the platform.