AirSwap AST Price

What is AirSwap (AST)?

AirSwap (AST) is a decentralized exchange (DEX) protocol designed to facilitate peer-to-peer trading of cryptocurrencies without the need for intermediaries. Launched in 2017, AirSwap aims to provide users with a secure, efficient, and trustless trading environment. The platform utilizes a unique model called "request for quote" (RFQ), allowing users to find trading partners and negotiate prices directly with one another. As of 2024, AirSwap supports a variety of ERC-20 tokens and has gained traction within the Ethereum blockchain community. The native token, AST, is used for governance and incentivizing liquidity within the platform. With a total supply of 500 million tokens, AirSwap focuses on enhancing user experience by minimizing slippage and reducing costs associated with traditional trading platforms.

Who are the Founders of AirSwap?

AirSwap was co-founded by Michael Oved and Donal McCarthy. Michael Oved previously worked on Wall Street and has experience in quantitative trading and financial technology. Donal McCarthy, on the other hand, has a background in software engineering and blockchain development. Together, they aimed to build a decentralized trading solution that prioritizes user privacy and control over assets, distinguishing AirSwap from centralized exchanges.

How does AirSwap Work?

AirSwap operates on a decentralized model where users can trade directly with one another. The process involves several key components:

• Request for Quote (RFQ): Users submit a request for quotes from potential trading partners. This allows them to see various offers and choose the best price available.
• Swapping Tokens: Once a quote is accepted, the trade is facilitated through a smart contract that ensures both parties fulfill their obligations without requiring a central authority.
• Market Makers: AirSwap incentivizes market makers to provide liquidity by offering them rewards in AST tokens. This helps maintain a robust trading environment.

The protocol leverages Ethereum's smart contract capabilities to execute trades securely and transparently, ensuring that users maintain control over their private keys throughout the trading process.

Top Use Cases of AirSwap

AirSwap caters to several use cases in the cryptocurrency trading ecosystem, including:

• Decentralized Trading: Users can trade directly without relying on a central authority, reducing the risk of hacks and fraud associated with centralized exchanges.
• Token Swaps: Users can easily swap between different ERC-20 tokens, providing flexibility and access to a diverse range of assets.
• Liquidity Provision: Market makers can provide liquidity and earn AST tokens as rewards, contributing to the overall efficiency of the trading platform.
• Privacy and Control: Users retain control over their funds and personal information, enhancing privacy compared to traditional exchanges.

As of 2024, AirSwap continues to expand its ecosystem, integrating with various DeFi protocols and improving user experience through ongoing development.

How to Keep your AirSwap Safe?

Ensuring the safety of your AirSwap transactions and assets involves several best practices:

• Use a Hardware Wallet: Store your AST tokens in a hardware wallet to keep them safe from online threats and hacks.
• Enable Two-Factor Authentication: If you connect AirSwap with any wallets or platforms that support it, enable 2FA for an additional layer of security.
• Be Cautious with Links: Always access AirSwap through the official website or trusted sources to avoid phishing scams.
• Regularly Update Software: Keep your wallet software, browser, and any other applications you use updated to protect against vulnerabilities.
• Monitor Transactions: Keep track of your transactions and be aware of any unauthorized activity on your accounts.

By following these guidelines, users can enhance the security of their assets while using the AirSwap platform.