A Singapore-based startup, SearchTrade, has introduced a system to allow all parties in the Internet search engine process – the searcher, the owner of the key word being searched, the builder of the app using the search engine, and the advertisers – to profit from the process using bitcoin. Using bitcoin, the system redistributes the revenue among the stakeholders in the process, rather than allowing all the profit to flow to the big search engines like Google and Bing.
“Search is the single most important activity on the Internet,” said Vishal Gupta, co-founder and CEO of SearchTrade. Everyone does it, every day. Search drives far more traffic than any social network or viral news site, and it makes a ton of money.
We're asking people to imagine how much better the Internet would be if everyone could share the benefits of that activity."
Bitcoin micro-payments make it possible for all stakeholders in the search process a share in the income generated, Gupta said.
The four stakeholders are:
The person doing the search
The person who “owns” a keyword being searched
The builders of apps that use the search platform
The advertisers who pay to advertise among the search results.
SearchTrade takes the revenues paid by the advertisers and pays the other three parties, proportionate to their role in the process.
SearchTrade uses a search engine based on existing platforms and is building its own additions. Gupta said developers are building more localized options since he wants to give users as much choice as possible.
Three Ways To Earn Bitcoin
Stakeholders can earn payments in three ways:
1. By searching. Performing a search earns the user a small fraction of a bitcoin, which goes into the user's wallet.
2. By “owning” key words. SearchTrade provides an exchange platform for users to buy and sell key words. Users can buy key words they think will be popular in searches. Each time someone searches that term, the system rewards the “owner.” The key word prices are set by the open market.
3. By building web and mobile apps that use SearchTrade's platform. Developers earn bitcoins when a user performs a search using their app, when searcher is signed-up as SearchTrade user.
SearchTrade is seeking developers to build hundreds of apps that include its search facilities. About a quarter of the revenue is shared among these developers.
SearchTrade limits the number of searches per user to 40 per day. This is to deter “click farms” – operations that game advertising systems by using them 24/7 using cheap labor. SearchTrade also limits access to individual IP addresses.
Articles
Cointelegraph - Search Your Way to Millions? Using Bitcoin to Reinvent the Search Engine
Cryptocoinnews - SEACHTRADE USES BITCOIN TO REWARD PEOPLE USING THE SEARCH PLATFORM
Times of India - Use a search engine and earn bitcoins
NewsBTC- Searching on the internet? Then take a Bitcoin!
Benzinga- Bitcoin 2.0 Start-Up With Plans To Disrupt Google's Search Business Raises Over $40K In A Week
Company Name : Searchtrade.com Pte Ltd registered in Singapore
Directors :
Vishal Gupta : https://www.linkedin.com/in/vishalgupta99
Rashmit Gupta : https://www.linkedin.com/pub/rashmit-gupta/7/347/9a
WebSite : www.Searchtrade.com
Introduction Video : https://www.youtube.com/watch?v=QJF1uWExXVU
Search Mining Video : https://www.youtube.com/watch?v=z6SGq9qL_x0
Keyword Mining Video : https://www.youtube.com/watch?v=NCqAaM84HTQ
Application Mining Video : https://www.youtube.com/watch?v=wYCHIlWK3mo
How does it work?
Platform collects all revenue from : Ad Sales, Keyword Trading Commission, Renewal Fees, Affiliate income and pushes it into Searchtrade Community Pool. From there pool will track average income per search that platform is able to generate every 24hrs and decide what average payout per search should be. The cycle of pool calculating payout will have to reduce over period of time with increase in traffic so as to ensure pool never runs out of money.
That way income generated from Keyword sale to advertiser and Income distributed to keyword owner is de-linked from each other.
At launch we will use btc collected from presale to give payout. lets say @ 400 satoshis per search. Which means each stake holder Search User, Keyword owner, App Developer and Searchtrade itself will get 100 Satoshi's to begin with. Post this as traffic increases and we start generating ad income along with other sources of income we switch system to auto decide payout based on algorithm defined above.
General Queries & Accusations
A. Are we a ponzi scheme or genuine business? there is no way to judge peoples intentions and proof of pudding is in eating it.
B. We have been working on this since two years and have built team of 50 developers.
C. Payout alters on a simple math that will evolve over time to keep pool profitable at all times.
Current math : Total searches / total income / number of users / 90 = payout
D. Keyword Pre-sale prices will reduce after every sale based on slabs (Predefined) since all keywords cant make same amount of money and it is common sense that people buying first will target best keywords.
E. Funds that we have collected get scattered in multiple wallets to protect both us and our users from attacks. We take fund safety seriously.
F. Keywords owners can trade keywords with each other so trade-able value of keyword could be higher than actual income it makes. E.G. if Word bitcoin had earning of 100$ a year it could be traded in multiples of 10 and be valued at 1000$ as it would imply 10% return on investment.
G. I have 16 years of work experience and last thing I have on mind is to take money and run away.
