AirSwap Price in India (AST)

AirSwap coin (AST) is the membership token of the AirSwap DEX. AST follows the Ethereum Requests for Comment (ERC20) token standard, a set of programming rules all Ethereum-based tokens are expected to follow. If you have an AST coin, it gives you the right to trade any (ERC20 standard) cryptocurrency on the AirSwap Token Trader. You put up your token, and if there is anyone out there who agrees to your terms, your transaction can proceed safely without any third-party involvement. These are peer-to-peer transactions executed using MetaMask or Ledger wallets.

AirSwap is a decentralised exchange (DEX) built on the Ethereum blockchain. This DEX allows peer-to-peer token trade between parties, executed via an Ethereum smart contract to fulfil the order.

AirSwap was founded by Michael Oved, Sam Tabar, and Don Mosites. These three are also the co-founders of AirSwap’s parent company, Fluidity.

•  Decentralised wallet access:

  No AST asset resides on the AirSwap network; instead, they reside safely in users’ wallets, giving them total control and safety. This feature is critical with increasing instances of exchanges being hacked all around the globe.

• Combatting front running

  : The AirSwap Trader matches users via an indexer protocol but does not provide trade information. This prevents front running and allows users to discover other users privately to negotiate and trade with.

• AirSwap Indexer

  : Functioning as a search engine, it gives public counterparty information. Traders can then get in touch with counterparties privately based on this information.

• AirSwap Oracle Protocol

  : This protocol gives traders real-time market data on current prices and demand and supply.

• Swap Protocol for transaction-free trading

  : The Swap protocol enables peer-to-peer ERC20 tokens trading. It helps parties interested in exchanging tokens to arrive at an exchange value and then trade tokens. Because it bypasses the central exchange system and the need for order books and ledgers, transactions on AirSwap are free.

AirSwap Spaces:

AirSwap Spaces are rooms where users can post messages regarding the tokens they want to trade. Spaces provide a chat facility where users can negotiate as well as execute encrypted and private trades.

Airswap is one of the leading decentralized exchanges. 

Well-known crypto investors Mike Novogratz (CEO, Galaxy Digital) and Joseph Lubin (CEO, ConsenSys) are advisors to AirSwap. Venture capital legend Bill Tai and Blockchain Capital founder Brock Pierce have also thrown their support behind AirSwap.

At present, AST coins’ main use is to trade for other crypto tokens on the AirSwap Token Trader platform. The platform is looking to enable trades of any ERC20 token for free eventually.

Pros

• No transaction fees
• Peer-to-peer transactions, with no third-party centralised exchange
• Instant transactions with no need for blockchain consensus
• Information search, pricing suggestions, real-time market data

Cons

• New in a crowded market
• Speculative in nature at the moment
• Limited utility – just a crypto token

The CoinSwitch Kuber mobile phone app allows you to invest, buy and sell AST coins on its platform. CoinSwitch Kuber is the leading cryptocurrency exchange in India, listing all significant cryptocurrencies. Its main features include:

• Start buying AST coins with just ₹100
• Simple and clean user interface
• No trading fees
• Instant deposits and withdrawals
• Simple, easy-to-understand transaction-tracker

In October 2017, the AirSwap ICO created the AST coin. It sold 150 million AST coins of a total of 500 million total AST coin supply. The AirSwap team holds the remainder.

At present, the AST coin’s market capitalisation is at around USD 18.3m, with a circulating supply of 172,262,388. It is trading at USD 0.1047, giving a fully diluted valuation of USD 53,111,381.