Airswap is a peer-to-peer, unmanaged trading protocol and network for trading ERC20 tokens, allowing traders to identify potential counterparties, negotiate directly and privately, and execute on the chain.

AirSwap aims to provide a decentralized, simple and fluid trading experience for the Ethereum ecosystem.

Current blockchain issues Airswap proposes to address: lack of trust and transparency: we rely on third parties to exchange, transmit, and receive information on a daily basis. Slow trading. Expensive transaction costs. The current centralization of blockchain. Vulnerabilities: According to the development team, both the centralized economy and the current blockchain technology are vulnerable to hacking.

The development team proposed a protocol (called Oracle) to solve the current blockchain problems. In this Oracle, Airswap connects two buyers and sellers together. After the connection, parties will be free to exchange prices and deals among themselves. In the middle of this process, one party may request a price from an independent third party (called Oracle) to verify the accuracy of the price of the required token. Finally, AirSwap will establish a smart contract to create the order on the Ethereum blockchain.

AirSwap issued 500M AST at launch, which was distributed as follows: 1.30% to initial investors and sold in 4 rounds. Strategic buyers (large buyers) earned 104.8 million AST, Beta testers 3.2 million, major sales participants 30.1 million, and 11.9 million AST sold in the last Chance sale on October 11, 2017. 2.10% is allocated to the founding team. These tokens vest quarterly over four years. 3.10% allocated to consultants. These tokens also vest quarterly over four years. 4. Set aside 10% for developing partnerships. 5.40% were shelved and locked up for at least six months.

AirSwap tokens work like a license for functions on the network. To be found or broadcast intents on the AirSwap peer-to-peer network, users must hold a balance of at least 250 AST.

AirSwap masterminded a peer-to-peer network for trading digital assets: a novel design to protect traders from counterparty risk, price slippage and early trading. Any market participant can use a combination of network protocols and smart contracts to discover others and conduct peer-to-peer transactions directly.

1. Transparency is always guaranteed thanks to the application of blockchain technology. 2. Low transaction costs are almost zero. 3. Fast transaction speed, meeting users' demand for almost immediate transaction. Accurate information about transaction prices helps buyers and sellers to get the best price.

In contrast to other decentralized exchanges, it does not charge any transaction fees or deposit and withdrawal fees. Nor does it impose any restrictions on deposits, withdrawals or swaps. Users also do not have to sign up for AirSwap in order to use its features. Even so, such exchanges are highly secure for crypto investors and provide an excellent user experience, especially for high trading volumes.

AirSwap is more anonymous than a centralized trading platform, providing a trader index mechanism for users who want to trade, allowing users to negotiate trades privately without disclosing any information. Although the information security of both sides of the transaction is guaranteed to a certain extent, anonymous users may violate KYC and anti-money laundering rules, and it is impossible to measure the legitimacy of their asset sources.

Network security is greatly affected by taifang, and is greatly affected by the adverse market environment. AirSwap is built on Ethereum and suffers from inherent performance flaws. On the whole, the network risk coefficient is not different from other platforms built on Ethereum and highly dependent on Ethereum, which is greatly affected by the adverse market environment.

Airswap has the advantage of connecting traders to overcome the front-end problems of other decentralized trading platforms; The disadvantage is that anonymous users may violate KYC and anti-money laundering rules, and there are no risk warnings and precautions.