AirSwap

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Discover AirSwap's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is AirSwap?

AirSwap (AST) is a decentralized, peer-to-peer token trading network built on the Ethereum blockchain. It enables users to buy and sell tokens directly from their digital wallets without the need for a centralized market maker. The platform prioritizes user privacy and security, using its own cryptocurrency, AST, to create markets for trading ERC-20 tokens. AirSwap is a non-custodial, trustless system that allows for atomic swaps, ensuring that both parties in a transaction succeed or the entire transaction reverts.

How is AirSwap used?

AirSwap (AST) is the native utility and governance token of the AirSwap network. It serves several purposes within the decentralized exchange (DEX) platform:

  1. Announcing Availability: Traders use AST to announce their availability on the network, enabling them to participate in peer-to-peer token trading.

  2. Governance: AST holders can stake their tokens to participate in governance and decision-making processes within the AirSwap community. This includes voting on proposals and contributing to the development of the platform.

  3. Trading: To execute trades on the platform, users must have at least 100 AST tokens. These tokens are locked for seven days, after which the user gains control of the governance mechanism and can trade freely on the DEX.

  1. Market Making: AST tokens are used by market makers to set markets on AirSwap, facilitating the trading of various cryptocurrencies.

In summary, AST tokens are essential for traders to engage with the AirSwap network, participate in governance, and execute trades without the need for intermediaries.

How do I store AirSwap?

To store AirSwap (AST) tokens, you can use various types of wallets that support ERC-20 tokens. Here are some options:

  1. Hardware Wallets (Cold Wallets):

    • Ledger Nano S and Ledger Blue are hardware wallets that support AST tokens. These are physical devices that store your tokens offline, providing the highest level of security.
  2. Software Wallets (Hot Wallets):

    • MetaMask, Parity, and MyEtherWallet are software wallets that support AST tokens. These are mobile or desktop applications connected to the internet, which are less secure than hardware wallets but more affordable.
  3. Mobile Wallets:

  • Trust, imToken, Status, and Coinbase Wallet are mobile wallets that support AST tokens. These are convenient for on-the-go access but are also connected to the internet, making them less secure than hardware wallets.

When choosing a wallet, consider factors such as security, fees, and ease of use. Always ensure you follow best practices for securing your wallet and private keys to protect your tokens.

How to buy AirSwap?

To buy AirSwap (AST) tokens, follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable and trustworthy crypto exchange that supports AirSwap (AST) purchases, such as Coinbase, KuCoin, or Pionex.
    • Consider the ease of use, fee structure, and supported payment methods when choosing an exchange.
  2. Create an Account:

    • Enter the required information and set a secure password.
    • Enable two-factor authentication (2FA) using Google Authenticator and other security settings to add an extra layer of security to your account.
  3. Verify Your Identity:

  • Complete Know-Your-Customer (KYC) verification, which may require information based on your nationality and region.
  • Passing KYC verification will grant access to more features and services on the platform.
  1. Add a Payment Method:

    • Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.
    • The required information may vary depending on your bank's security requirements.
  2. Buy AirSwap (AST):

    • Use fiat currency to buy AirSwap (AST) if supported by the exchange.
    • Alternatively, purchase a popular cryptocurrency like USDT and then exchange it for AirSwap (AST).

Additionally, you can use decentralized exchanges (DEXs) like Uniswap or crypto wallets like KuCoin Wallet or MetaMask to buy and store AirSwap (AST).

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History of AirSwap

AirSwap (AST) is a decentralized, peer-to-peer token trading network powered by Ethereum. The project was launched on October 10, 2017, with the introduction of the AirSwap Token (AST) on the original peer-to-peer swap network. Initially, the token enabled traders to announce their availability, and it has since evolved to facilitate governance and development participation for contributors.

Over the years, AirSwap has continued to develop and upgrade its products. Key milestones include the release of AirSwap Instant 2.0 in April 2019, AirSwap Trader in August 2019, and AirSwap Delegates in February 2020. The project has also seen significant updates in 2021, 2022, and 2023, including the introduction of AirSwap V3, AirSwap V4, and AirSwap NFT and OTC 2.0.

AirSwap is recognized for its achievements, including being part of the first-ever peer-to-peer swap of a tokenized security and being rated number one in security among decentralized exchanges (DEX). It is also a founding member of the "wrapped bitcoin" (WBTC) project, which represents bitcoin on Ethereum.

Today, AirSwap operates as an open project with a transparent decision-making and product development process. The community is decentralized, and contributors stake AirSwap tokens to participate in governance and other community benefits. The project's vision is to create a future where all forms of value are represented as digital assets and flow freely and reliably among people and communities around the world.

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How AirSwap works

AirSwap is a decentralized peer-to-peer (p2p) cryptocurrency exchange built on the Ethereum blockchain. It allows users to trade tokens directly from their digital wallets without the need for intermediaries. The platform uses its native token, AST, to facilitate trading and governance.

How Trading Works

AirSwap connects market makers and market takers through smart contracts. Market makers are individuals who want to sell tokens and must own some AST tokens to participate. They signal their intent to trade by locking up 250 AST tokens in a smart contract for seven days. This intent is broadcast to all potential buyers on the platform. Market takers, who want to buy tokens, can browse these broadcasts and execute trades at the offered prices. The smart contract automatically swaps tokens between both parties once a trade is agreed upon.

Role of AST Tokens

AST tokens are essential for market makers to participate in the platform. They are used to signal intent to trade and are locked up for seven days. The tokens are also used for governance, allowing holders to vote on proposed changes to the platform. Additionally, AST tokens can be used to buy and sell other tokens on the platform.

Security and Efficiency

AirSwap ensures secure and efficient trades through atomic swaps. These swaps are secured by mutual cryptographic signatures and only execute if tokens successfully transfer between both parties in an atomic transaction. This means that either both parties receive their tokens or the transaction reverts, eliminating counterparty risk.

Governance and Community

AirSwap operates as an open project with a transparent decision-making process. Token holders can participate in governance by staking AST tokens and voting on proposals. The community aims to be maximally decentralized, with contributors working on the project and its development.

Key Benefits

AirSwap offers several benefits, including:

  • Trustless transactions: No intermediaries are involved, and users have full control of their funds.
  • Competitive pricing: Trading firms provide liquidity at competitive prices, and users get the exact price they see without slippage or manipulation.
  • Zero limitations: Any standardized digital asset can be swapped at a custom price and size, with cheap and efficient settlement.

Overall, AirSwap provides a decentralized, secure, and efficient platform for trading tokens, with its native AST token playing a crucial role in facilitating trading and governance.

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AirSwap's strengths

The token AirSwap (AST) has several strengths that contribute to its value and utility within the AirSwap ecosystem:

  1. Governance and Participation: AST holders can participate in governance by staking their tokens, which allows them to vote on proposals and contribute to the development of the platform. This ensures that the community has a direct say in the direction of the project.

  2. Decentralized Trading: AirSwap is a decentralized, peer-to-peer token trading network built on the Ethereum blockchain. This allows users to buy and sell tokens directly from their digital wallets without the need for intermediaries, enhancing security and reducing fees.

  3. Non-Custodial and Trustless: The platform is non-custodial, meaning users maintain control over their funds, and transactions are trustless, eliminating the need for intermediaries and reducing counterparty risk.

  1. Competitive Pricing: Trading firms provide liquidity via AirSwap at competitive prices, ensuring that users get the best possible prices for their trades.

  2. Security and Transparency: AirSwap has been rated as the safest Ethereum decentralized exchange, and its open-source code can be found on GitHub, ensuring transparency and security in its operations.

  3. Flexibility and Customization: The platform supports the trading of any standardized digital asset at custom prices and sizes, making it highly versatile and adaptable to different trading needs.

These strengths collectively contribute to the value and utility of the AST token, making it an attractive option for those interested in decentralized trading and governance.

AirSwap's risks

AirSwap (AST) is a cryptocurrency project that operates on the Ethereum blockchain. It is designed to facilitate peer-to-peer trading of digital assets without the need for intermediaries, ensuring that transactions are trustless and secure. The project's financial risks are primarily related to market volatility and the potential for price manipulation.

AirSwap's risk assessment is based on several factors, including the amount of money required to shift its price over a 24-hour period, recent changes in volume, and market capitalization. According to InvestorsObserver, AirSwap has been given a medium risk score, indicating that it is not highly susceptible to price manipulation. However, this score can fluctuate over time, and investors should remain vigilant about market conditions.

Additionally, AirSwap's decentralized nature and lack of intermediaries can also contribute to its financial risks. Since transactions are executed directly between parties without the need for custodial services, users are responsible for managing their own assets and ensuring the security of their transactions. This means that users must be cautious about potential security risks and take necessary precautions to protect their assets.

Overall, while AirSwap's decentralized design aims to minimize counterparty risk and ensure trustless transactions, it is still subject to market fluctuations and potential price manipulation. Investors should carefully consider these risks before investing in the project.

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Did AirSwap raise funds?

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AirSwap’s team

  • Don Mosites: Co-founder of AirSwap, a full stack designer and entrepreneur who spent over a decade designing products at companies like Zynga and Google before launching AirSwap.
  • Michael Oved: Co-founder of AirSwap, a successful algorithm trader who was a student at Carnegie Mellon University with Don Mosites.
  • Sam Tabar: Co-founder of AirSwap, with 15 years of expertise in the finance industry, previously Head of Capital Strategy at Bank of America Merrill Lynch and a graduate of Oxford University and Columbia Law School.
  • Deepa Sathaye: The first engineer on the AirSwap team.

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