AirSwap is a decentralized exchange (DEX) built on the Ethereum blockchain. Unlike traditional centralized exchanges, AirSwap operates on a peer-to-peer model, allowing users to trade directly with each other without intermediaries. This approach aims to enhance privacy, security, and control for traders.
The platform utilizes the Swap protocol, which facilitates off-chain negotiations and price discovery before executing on-chain settlements. This mechanism helps to improve transaction speed and reduce gas fees. AirSwap also offers features like Instant and Spaces to streamline the trading process and provide additional functionalities.
The native token of the platform is AST. It serves as a membership token for accessing the AirSwap network and participating in governance decisions. AST holders can also stake their tokens to earn rewards and influence the platform's development.