What is AirSwap?
AST is the native token of AirSwap, which is an Ethereum-based decentralized trading platform. It allows users to make anonymous, peer-to-peer trades of ERC-20-based crypto assets without the involvement of third parties.
There is no risk of front running because trade execution occurs simultaneously from one wallet to another. To help users find peers with whom they want to trade, the project offers AirSwap Spaces. In essence, these are encrypted and secret rooms where users can communicate, negotiate, and carry out exchanges.
Besides, as there's no need for maintenance or custody, there are no trading fees on AirSwap.
Care to see the AST price? Take a look at the AirSwap price chart above.
Use Cases of AST Tokens
AirSwap tokens essentially act as a trade broadcasting mechanism. How does it work? As there are no trading fees, in order to create a trade, a user needs to stake a minimum of 250 AST tokens. Once the tokens are staked, the intended trade is broadcasted to the AirSwap Index. On the Index, users can search for trade propositions and then accept them if they're willing to trade. Staked AST tokens are unlocked once the trade is settled.
Planning to buy AirSwap coins? Before doing that, make sure to check the aforementioned AirSwap price chart. Knowing the current and the previous AST price will help you to make more informed purchasing decisions.
Who Founded AirSwap?
Michael Oved and Don Mosites founded AirSwap in 2017.
Michael Oved has a degree in mathematics. In the past, he was a partner at Virtu Financial and an EIR at ConsenSys. Besides, he also co-founded Fluidity.
Don Mosites has a degree in information systems management. Prior to founding AirSwap, he worked at such companies as Zynga, Cask Data, and Toro. He also founded Streamy and, together with Oved, co-founded Fluidity. As of writing this, Mosites is the lead product manager at ConsenSys.
