AirSwap is a decentralized trading platform for peer-to-peer trading of ERC20 tokens. The token is AST (AirSwap Token). AirSwap improves the efficiency of token trading through two functions: Index and Oracle. Index enables traders to discover trading intentions and establish connections with each other. Oracle can provide references to quotation information to help both parties negotiate quotations.

1. Project introduction

Airswap is a decentralized exchange built with smart contracts that will allow anonymous users to P2P trading cryptocurrencies without intermediaries or regulators. It integrates Swap Protocol, which acts as an automated custody service, allows both parties to trade (i.e. maker and taker) to securely trade any assets on Ethereum.

Airwap was founded by Michael Oved and his team, who worked for Virtu Financial, a Nasdaq-listed financial company. The Airswap platform is a decentralized token trading platform based on the Swap protocol white paper. The Swap protocol provides a decentralized transaction solution based on peer-to-peer transactions.

Airswap core service includes a searchable trader indexing mechanism with "trading intention" and a pricing mechanism, as well as smart contracts that provide on-chain execution of transaction settlement functions. For those who want to trade ERC20 tokens, the index will become the destination for the ads you want to trade and can search for other traders. Once the other party’s trading intention is found to be appropriate, the two parties to the transaction can communicate directly point-to-point. To assist in the pricing process in communication, the pricing mechanism provides pricing recommendations generated from multiple data sources. After the transaction is communicated and the price is determined, one party places an order, and the other party submits the order to a smart contract for on-chain settlement.

Airswap intends to ultimately attract investors from large institutions. Ovid was particularly interested in attracting the attention of traders like DRW holdings LLC and DV Chain.

2. Comment

AirSwap is a decentralized p2p trading platform based on Ethereum. The trading mechanism is off-chain negotiation and price discovery, and on-chain settlement; the platform provides 1) off-chain customer discovery mechanism, namely Indexer Protocol; 2) off-chain pricing mechanism, namely Oracle Protocol; 3) on-chain smart contracts settle transactions. Airswap works by allowing any user to trade without considering their anonymity risks. This means investors in regulated areas can trade on the platform, thereby bypassing the supervision of local regulators. No organization can turn off Airswap at will, because no one controls it in a fixed location or server.

Related links:

https://www.airswap.io/
https://www.chainnews.com/articles/402722458598.htm
https://www.huobiinfo.com/projects/projectsDetail_2063/
https://swap.tech/pdfs/SwapWhitepaperChinese.pdf