After months of testing and refinement, Presearch has replaced its first generation Rewards Verification System (RVS) with our new RVS.
As of this Monday, February 28th, the legacy RVS has been retired and the ‘eligible tokens’ and ‘PRE levels’ are no longer being utilized.
In addition to the removal of the legacy system, you will now notice that the mechanism to access your rewards has recently changed from withdrawing your rewards directly to an external wallet once you earn enough to claim them, to claiming your PRE to your ‘savings’ account first, after which you can optionally withdraw.
This makes the distinction more clear between unclaimed rewards, which you won’t be able to take ownership of or use until you meet the minimum activity threshold to claim, and tokens in your savings account that you own and therefore can never expire due to inactivity. Claiming your rewards once eligible is a great way to take custody of your rewards and start using them on the platform without incurring fees to transfer them out to a blockchain wallet.
How claiming works
Once you have reached the minimum token threshold, which is currently set at 1,000 PRE, you are able to claim your PRE into your savings account.
For an initial period after the new RVS launch, some claim requests will need to undergo a manual review that will be completed as soon as possible after the claim is requested.
These select manual reviews will provide the Presearch team with opportunities to better identify token farmers that are generating fake activity on the platform just to generate invalid Presearch rewards. It will also allow the platform to be better tuned as needed.
To claim your PRE, if you have more than the current minimum, simply visit your rewards page (https://www.presearch.org/account/tokens/rewards) and click the ‘Claims Rewards Tokens’ button.
You will then be taken to a page that will either allow you to immediately claim your rewards or will inform you that your claim has been added to a queue for review. If your claim is selected for review, the page will show your position in the queue; this is how many accounts are due to be reviewed before your account.
At this time, there is no notification that a review has been completed, so keep an eye on your status page (https://www.presearch.org/account/withdrawals/transfer) to learn when your review has been processed.
Once approved, or if no review is required, you will be able to transfer your PRE into your savings account, which you can then use to stake on nodes or keywords, or alternatively withdraw to an external wallet.
Factors affecting a review
The factors that will impact the direction of a review must necessarily be left vague to protect the platform, but it will depend on the quantity and severity of the flags that the new RVS may have added on your account based upon past activities. When a review is processed, if your account has been flagged and is found to be in violation of the terms of service, then any rewards earned previously will be revoked.
If you are using Presearch just like you would use any other search engine, and not manipulating the system to collect extra rewards, and if you are referring only genuine users through your affiliate link, then your review should be processed quickly and positively.
If your review finds violations of the terms, you are welcome to continue to using your Presearch account, but you will be required to review and reaccept the terms of service prior to continuing. Note that Presearch is a free service that can be used with or without an account. The RVS system is simply there to ensue that those who also wish to earn tokens are earning them fairly according to the terms of service.
Should you wish to appeal a decision, you are welcome to do so via emailing support@presearch.io from the email address associated with your account.
Thank you to all Presearchers for your patience and support as we roll out this update and continue to improve the process ahead of Mainnet launch!
If you have questions, please join one of our Community links below
Run a node: https://nodes.presearch.org
Keyword Stake: https://keywords.presearch.org
Info site: https://presearch.io
Search with Presearch: https://presearch.com
Community channels:
Telegram: t.me/Presearch
Twitter: https://twitter.com/presearchnews
YouTube: https://www.youtube.com/c/Presearch/videos
Discord: https://discord.gg/8TCX8WJE
Minds: https://www.minds.com/presearch
Reddit: https://www.reddit.com/r/Presearch/
Flote: https://flote.app/user/presearch
Twitter (Community): https://twitter.com/TeamPresearch
Telegram (News): t.me/PresearchNews
Facebook: https://www.facebook.com/presearch.io
Email: support@presearch.io
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