About AirSwap (AST)
AirSwap is an Ethereum-based decentralized peer-to-peer trading platform with an off-chain negotiation and price discovery mechanism and an on-chain settlement. AirSwap employs a decentralized exchange built with smart contracts that allow users to trade cryptocurrencies in a purportedly private, peer-to-peer way without intermediaries or regulators. Integration with Swap Protocol, which acts as an automated escrow service, allows both parties in a transaction to trade any asset on Ethereum securely.
AirSwap claims that it improves the efficiency of cryptocurrency trading through the use of its products; Index, and Oracle, which allow traders to trade and establish connections with other users. At the same time, Oracle provides a reference for quote information to help negotiate quotes between parties.
The AirSwap core service consists of a searchable trader index with "trading intent," a pricing mechanism, and a smart contract that provides on-chain execution of trade settlement functions. Once the other party's trading intent is found to be suitable, both traders can communicate directly peer-to-peer. The pricing mechanism provides pricing recommendations generated from multiple data sources to assist in the pricing process during communication. Once both parties have communicated and determined a price, one party places an order, and the other submits that order to a smart contract for on-chain settlement.
The platform's native token, $AST, can be locked by users to use the platform's Indexer function. Moreover, AST token holders can participate in governance by enabling voting power on the Oracle with the AirSwap system. The current price of AST is updated and live-tracked on Binance in real time.
