What is AirSwap (AST)?
Future of AST Cryptocurrency and know how to buy AST

#1 – What is AirSwap?

AirSwap – The Basics

  1. AirSwap is a New York and Hong Kong-based company working as a decentralized cryptocurrency exchange platform for ERC20 tokens.
  2. It employs the blockchain technology to trade all ERC20 tokens through a peer to peer protocol.
  3. AirSwap combines on-chain and off-chain networks to create a secure and stable environment for trading and financial payments.

AirSwap Development

  1. AirSwap was co-founded by Michael Oved and Don Mosites. While Oved is a veteran algorithm trader, Don is a serial entrepreneur and full-stack engineer.
  2. They are both graduates of Carnegie Mellon University.
  3. The development team also comprises of some top advisors like Ethereum co-founder Joe Lubin and Michael Novogratz.

 

#2 – What are the benefits of AirSwap?

AirSwap Technology

The technological infrastructure of AirSwap constitutes of four key components: Peer Protocol, Indexer Protocol, Oracle Protocol, and Smart Contract. These protocols divide the parties into the maker, who provides the order and the taker, who fulfils it.

  1. The Peer Protocol can be understood as a messaging platform that allows the trading parties to conduct their transactions securely and privately. This process is done off-chain.
  2. The Indexer Protocol is another off-chain service which indexes the parties’ intent to trade. Based on this data, it connects the taker and the maker for negotiation as per the Peer Protocol.
  3. The Oracle Protocol offers information about the pricing to both the parties. Before delivering an order, the Maker can take price suggestions from the oracle. Similarly, the taker inquires with the maker to check the right price. This ensures a fair negotiation.
  4. Smart Contracts are immutable agreements used for giving and taking the trade orders on AirSwap.  

Transactional Process

AirSwap makes it very easy to conduct fair trade with different parties via its protocols:

  1. The peer protocol connects with other parties that you would like to deal with.
  2. The indexer protocol finds the Ethereum tokens that you would want to trade in.
  3. Oracle presents all the market prices for you to check trades.
  4. Smart contracts are the blockchain agreements that enable you to conclude the trade on fair terms.

Features

  1. Security: Decentralized exchange platforms like AirSwap eliminate the role of third parties to provide a completely risk-free network of trade.
  2. Privacy: This peer-to-peer platform allows you to conduct private exchanges through its blockchain network.
  3. Fair: AirSwap sidesteps issues like front-running and hacking with its Swap protocol, built from scratch to end as a fair means of trade.  

 

#3 – How to buy and store AirSwap?

AirSwap’s token AST enables the traders to update their intent to trade index. This helps them connect with the right peers for trading. The number of AST a user holds also provides a voting power over the role of Oracle.

How to buy AirSwap

AirSwap tokens are available for purchase on exchange platforms such as Binance, Gatecoin, Huobi, Liqui, and OKEx. You can trade AST for ETH.

  1. CoinSwitch, as the largest cryptocurrency conversion platform, offers you to exchange your cryptos for AirSwap. You have the option to go through over 45,000 pairs of crypto exchange to choose your preferred one.
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your AST cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

Storage

Storing AST is easy. There are a number of options to store this ERC20 token safely. A desktop wallet like Jaxx and MyEtherWallet is available for storing AST tokens. Coinomi and Jaxx are some mobile wallets for Android and iOS respectively. Hardware wallets like Ledger Nano S and Trezor are some more secure options of storage.

 

#4 – What is the future of AirSwap?

  1. Token Trader is currently functioning in its beta version as AirSwap’s peer and oracle protocol platform. The company has also launched its mobile wallet in beta version. They are, therefore, working as per the roadmap and are expected to launch new partnerships in the coming time.
  2. Its current circulating supply is 150,000,000 AST with market capitalization of $22,944,600 USD.

Also Read: Complete Analysis of AirSwap | Live AirSwap (AST) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

July 01, 2018

0.130449

0.161836

0.129424

0.151383

2,083,460

19,567,400

June 01, 2018

0.275959

0.284906

0.271213

0.283507

1,695,060

41,393,900

May 01, 2018

0.540570

0.551462

0.502053

0.549165

3,645,500

81,085,500

Mar 01, 2018

0.446431

0.491140

0.435300

0.449130

3,814,010

66,964,600

Jan 01, 2018

0.556684

0.593234

0.501236

0.585257

10,327,000

83,502,600

Dec 01, 2017

0.249631

0.260267

0.228060

0.257623

4,074,770

37,444,600

 

#5 – How is AirSwap different from other cryptos?

  1. Some of the main competitors of AirSwap include Poloniex, Kyber, and 0x Relayer. The central objective of AirSwap is to eliminate the fundamental problems of front-running and hacking in crypto exchanges.
  2. One of its key features is its technological setup that replaces the blockchain order books with peer to peer trading for cryptocurrency exchange.
  3. Oracle is another unique service on AirSwap’s platform that gives real-time market information for fair trade.

 

#6 – Should you invest in AirSwap?

  1. An Ethereum-based decentralized asset exchange like AirSwap can make healthy progress in the market. The presence of tough competition, however, can make it difficult for AirSwap to expand their user base.
  2. Since AST’s utility favours institutional investors, the company can target large institutions and tackle the competition from other decentralized exchanges. This can certainly strengthen the coin’s strength.
  3. AST is currently operating without a revenue structure. It is primarily a source of doing trade on AirSwap. The lack of revenue is a concern that the team needs to work on.
  4. AirSwap’s well-designed roadmap and on track development is a plus point for its market performance.
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