What Is AirSwap (AST)?

AirSwap is an open developer community focused on decentralized trading systems. Its technology powers peer-to-peer networks using de facto standards and protocols making it the top choice for traditional market makers entering the decentralized financial system. It serves as the future where all forms of value are represented as digital assets and flow freely and reliably among people and communities around the world.

It offers a lot of benefits to the users and community members and one of such is the non-custodial nature that prevents it from taking up the custody of deposits or funds, unlike most centralized exchanges. It also requires no signup as it does not require users to provide any sensitive data about themselves. AirSwap implements the Swap protocol and currently has three products: Instant, Spaces, and DexIndex.

AirSwap is a community asset held by its token holders, operating as an open project with a transparent decision-making and product development process. Both the network technology and contributor community aim to be maximally decentralized. Community members stake AirSwap tokens (AST) to participate in governance and other community activities and benefits. Ideating, drafting, voting on, and accepting proposals is an open process.

AirSwap is an organized decentralized network of contributors using a continuous process called AirSwap Improvement Proposals (AIP). This process is how the community captures, selects, and prioritizes new projects. AirSwap allows community members to get involved in the project through governance and voting. This involvement and community contribution range from generating ideas, to coordinating projects, contributing design and code, and helping to spread the word to other people. In return, the contributors are rewarded every month.

There is also no price slippage, hence, the prices are exact and do not conform to volatility. AirSwap is secured and rates one of the safest decentralized exchange projects on Ethereum with user-friendly interfaces for better intuition.

The AirSwap Token is an Ethereum-based governance and community asset owned by its token (AST) holders. It operates as an open project with a transparent decision-making and product development process and allows both the network technology and the organization to be maximally decentralized. AST is a decentralized, peer-to-peer token trading token and aims to make the buying and selling of tokens secure, simple, and without fees.  


Who Are the Founders of AirSwap?

The founder of AirSwap is Micheal Oved who serves as the Chief Executive Officer and the Co-founder. He is also the Co-founder of fluidity, a startup that bridges the gap between traditional finance and the growing ecosystem of financial applications built on blockchain.

He studied at Carnegie Mellon University where He studied a Major in Economics, a minor in computational finance in 2004.


What is AirSwap (AST) used for? 


Community members can draft and propose new projects and protocols for the community to vote on


AirSwap Tokens (AST) can be staked to participate in the governance of the protocol. All members are welcomed to participate by proposing, discussing, and voting on proposals that move the project and community forward. Staked tokens are unlocked over 20 weeks with a 4-week initial cliff. This means that you may not unstake any tokens during the first 4 weeks.


Users can build new features and products in the community


The tokens allow players to Stake AirSwap Tokens (AST) and vote on the future roadmap of AirSwap. Voters are rewarded with points based on the amount staked. Points can be used to claim a portion of the funds from the rewards pool.


What Is the Unique Point of AirSwap (AST)?

Unlike Uniswap, a “peer-to-contract” automated market maker (AMM) that runs fully on-chain, AirSwap is a peer-to-peer network combining off-chain negotiation and on-chain settlement by atomic swap. This gives AirSwap an edge over other similar projects. In AirSwap, there is no price slippage and trades are unlimited size. The trade-off is that it’s easier for everyday users to provide liquidity to Uniswap. It also does not require the same number of liquidity providers to be successful.

AirSwap is also available on other chains. Currently, AirSwap RFQ is available through Metamask swaps on BSC.


How Many AirSwap (AST) Coins Are There in Circulation?

Vulcan Forged has a circulating supply of 150 million AST tokens. and an unknown total supply.


How Is the AirSwap Network Secured?

AirSwap transactions are “trustless” in a way that neither party needs to trust one another to complete the swap. Every transaction is peer-to-peer with no counterparty risk, no intermediating participants, and no infrastructure beyond Ethereum. Each swap is between two parties, two tokens, and a smart contract. This means any standardized digital asset can be swapped at a custom price and any size. No matter the swap, settlement is cheap and efficient. The signer is the party that creates and cryptographically signs an order, and the sender is the party that sends the order to the Ethereum blockchain for settlement.

There are also bounties placed by the developers to award anyone that can identify any loophole of the platform. The bounties work in combination with the AIP system. AIPs are for new strategic directions and project proposals with budgets, teams, and timelines. Bounties are open and collaborative areas of interest and specific smaller tasks. Each bounty is an invitation to create something helpful and productive for the AirSwap community and network.


How do I buy AirSwap (AST)?

AirSwap curates a peer-to-peer network for trading digital assets: a novel design that protects traders from counterparty risk and front running. At its core, it enables two parties to perform an “atomic swap” transaction, through which both sides succeed or the entire transaction reverts. 

AST tokens can be easily purchased by the following steps. 

* Create an account with the crypto trading platform.

* Deposit a specific amount of fiat currency to your account.

* Purchase your AST tokens


Which Cryptocurrency Wallet Supports AirSwap (AST)?

The PTPWallet platform supports many cryptocurrencies simultaneously, such as AirSwap (AST). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their AST wallet because it offers a simple and interactive interface, making it easy for people to navigate its system.


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