AirSwap

AirSwap (AST) is a decentralized, peer-to-peer token trading network built on the Ethereum blockchain, designed to make the buying and selling of tokens secure, simple, and without fees. Launched on October 10th, 2017, AST is the membership token of the AirSwap Decentralized Exchange (DEX). It follows the Ethereum Requests for Comment (ERC20) token standard, facilitating peer-to-peer transactions executed via Ethereum smart contracts without the need for third-party involvement. The platform aims to empower users with global, frictionless trade, leveraging the Swap protocol to ensure transactions are executed directly between parties.

• Total Supply:

• The total supply of AST is 500,000,000 tokens

• Circulating Supply:

• As of the latest data, the circulating supply is 174,479,533 AST.

• Purpose:

• AST tokens are used within the AirSwap platform to facilitate peer-to-peer trading of ERC20 tokens, enabling users to trade any ERC20 token for free eventually. The token also plays a crucial role in the platform’s governance, allowing holders to participate in AirSwap Improvement Proposals (AIPs).

As of today 21 May 2024, the price of AirSwap is ₹14.22 INR, with a 24-hour trading volume of 2425266.87 USD. The market capitalization for AirSwap is 27462645.29USD. The circulating supply is 174479533.46 AirSwap, with the total supply also being 500000000 AirSwap.

Token Pros and Cons

Pros

• Decentralization:

• AirSwap operates as a fully decentralized exchange, eliminating the need for intermediaries and reducing counterparty risks.

• Security:

• Being non-custodial, AST ensures that users have full control over their tokens, significantly enhancing security.

• Community Governance:

• AST holders can participate in governance through AirSwap Improvement Proposals, fostering a community-driven development process.

• Peer-to-Peer Trading:

• The platform supports direct, peer-to-peer trading, mitigating issues like price slippage and front running.

• No Trading Fees:

• AirSwap aims to enable fee-free trading of ERC20 tokens, making it an attractive platform for traders.

Cons

• Market Volatility:

• Like all cryptocurrencies, AST is subject to high market volatility, which can lead to significant price fluctuations.

• Complexity for New Users:

• The decentralized and peer-to-peer nature of the platform may be complex for new users unfamiliar with blockchain technology.

• Limited Awareness:

• Despite its innovative approach, AirSwap may suffer from limited awareness and adoption compared to more prominent exchanges.

• Dependence on Ethereum:

• Being built on the Ethereum blockchain, AST’s performance and scalability are tied to Ethereum’s network conditions.

• Regulatory Uncertainty:

• The evolving regulatory landscape for cryptocurrencies could impact AirSwap’s operations and token value.

• Innovative Trading Model:

• AirSwap’s decentralized, peer-to-peer trading model offers a secure and user-friendly alternative to traditional exchanges.

• Strong Security Features:

• The non-custodial nature of the platform ensures that users retain full control over their assets, reducing the risk of hacks and theft.

• Active Community and Governance:

• The platform’s emphasis on community governance allows token holders to actively participate in its development and decision-making processes.

• Potential for Growth:

• As the DeFi sector continues to expand, platforms like AirSwap that offer decentralized trading solutions are well-positioned for growth.

• Advisory and Support:

• With backing from well-known crypto investors and advisors, AirSwap has a strong foundation and network to leverage for future success.

• Decentralized Peer-to-Peer Trading:

• AirSwap’s unique selling proposition is its ability to facilitate direct, peer-to-peer trading without intermediaries, enhancing security and efficiency.

• Community Governance:

• The platform’s governance model, which involves AST holders in decision-making through AIPs, distinguishes it from other cryptocurrencies.

• Non-Custodial Security:

• By allowing users to retain control over their tokens, AirSwap provides a higher level of security compared to centralized exchanges.

• AirSwap addresses the issues of security, privacy, and intermediation in digital asset trading by providing a decentralized platform that facilitates direct, peer-to-peer exchanges without the need for third-party involvement. This approach mitigates risks associated with centralized exchanges, such as hacking and price manipulation, while also ensuring user privacy and control over their assets.

• AirSwap was founded in

• 2017

• by Michael Oved, Sam Tabar, and Don Mosites, who are also co-founders of AirSwap’s parent company, Fluidity. All of the

• m

• have wide experience working in web3 and decentralized technologies.

• The team’s diverse background in finance, technology, and blockchain development has contributed to the platform’s innovative approach to decentralized trading.

• The ICO price of AST was $0.35, with the event concluding on October 11, 2017.

• Market Volatility:

• The cryptocurrency market is highly volatile, and AST’s price can fluctuate widely in a short period.

• Regulatory Risks:

• Changes in cryptocurrency regulations can impact AirSwap’s operations and the value of AST.

• Technology Risks:

• As a platform built on the Ethereum blockchain, AirSwap is subject to risks associated with smart contract vulnerabilities and blockchain scalability.

• Adoption Challenges:

• The success of AST depends on the platform’s ability to attract and retain users, which is not guaranteed.

• Competition:

• The decentralized exchange market is highly competitive, with numerous platforms vying for users and liquidity.

The AirSwap whitepaper presents a decentralized platform for peer-to-peer trading of ERC20 tokens on the Ethereum blockchain. The document begins by highlighting the limitations of traditional blockchain order books, such as front-running, price slippage, and the need for deposits or escrow. AirSwap proposes a solution that allows for off-chain negotiation combined with on-chain settlement, which mitigates these issues and provides a more secure and efficient trading experience.

The core of AirSwap’s design is the Swap protocol, which enables traders to signal their intent to trade tokens off-chain. This signaling is done through a service called the Indexer, which matches traders based on their intended trades. Once matched, traders can negotiate prices directly and execute trades using Ethereum smart contracts. The protocol also allows for the use of oracles to provide pricing information, ensuring that trades are made at fair market values.

AirSwap’s whitepaper emphasizes the importance of decentralization and user autonomy. The platform is non-custodial, meaning users retain control of their tokens at all times, and there is no need to trust a counterparty or intermediary. This design philosophy extends to the AirSwap Token (AST), which is used to access the platform and participate in its governance through AirSwap Improvement Proposals (AIPs). AST holders can propose, vote on, and implement changes to the platform, fostering a community-driven ecosystem.

The whitepaper also outlines the technical specifications of the AirSwap smart contracts, which are designed to be trustless and self-executing. These contracts ensure that trades are executed atomically, meaning either both sides of the trade are completed successfully, or the entire transaction is reverted, preventing any loss of funds.

In terms of market positioning, AirSwap aims to become a fundamental primitive of the decentralized economy, providing a standard for peer-to-peer trading. The platform’s vision is to enable the free and reliable flow of digital assets among people, without the risks and limitations associated with centralized exchanges.

The document concludes by detailing the AirSwap team’s commitment to quality, transparency, and inclusion. The team’s approach to software development is to craft systems that are elegant and secure, with decisions made openly and contributions shared as open-source code. This approach is intended to ensure that the platform remains accessible to all and that every community member is treated fairly.

In summary, the AirSwap whitepaper outlines a decentralized trading system that prioritizes security, efficiency, and community governance. By leveraging blockchain technology and smart contracts, AirSwap provides a peer-to-peer trading environment that is free from the risks of centralized exchanges, empowering users with control over their digital assets.