AirSwap is a decentralized peer-to-peer trading platform for ERC20 tokens. The token used is AST (AirSwap Token). AirSwap enhances the efficiency of token trading through two functionalities: Index and Oracle. Index enables traders to discover each others willingness to trade and connect, while Oracle provides reference pricing information to assist in negotiation.
1. Project Introduction
Airswap is a decentralized exchange built using smart contracts, allowing anonymous users to conduct P2P cryptocurrency trades without intermediaries or regulatory oversight. It integrates Swap Protocol as an automated escrow service, enabling secure trading of any asset on Ethereum between two parties (the maker and taker).
AirSwap was founded by Michael Oved and his team, who previously worked at Virtu Financial, a financial company listed on NASDAQ. The Airswap platform is a decentralized token trading platform based on the Swap protocol whitepaper, which offers a decentralized trading solution for peer-to-peer transactions.
Airswaps core services include a searchable index of traders with "trading intentions" and a pricing mechanism, along with smart contracts that facilitate on-chain transaction settlements. For users looking to trade ERC20 tokens, the index serves as a destination to advertise and search for other traders. Once a suitable trading intention is found, the parties can communicate directly. To assist in the pricing process, the pricing mechanism provides pricing suggestions generated from multiple data sources. After the parties agree on a price, one party places an order, and the other submits it to the smart contract for on-chain settlement.
Airswap aims to eventually attract large institutional investors. Oved is particularly interested in capturing the attention of traders like DRW Holdings LLC and DV Chain.
2. Commentary
AirSwap is a decentralized peer-to-peer trading platform on Ethereum, featuring off-chain price negotiation and discovery, and on-chain settlement. The platform provides 1) an off-chain client discovery mechanism, the Indexer Protocol; 2) an off-chain pricing mechanism, the Oracle Protocol; and 3) on-chain smart contracts for transaction settlement. Airswap operates by allowing any user to trade without considering anonymity risks. This means that investors in regulated regions can trade on the platform, circumventing local regulatory oversight. No entity can arbitrarily shut down Airswap because no single person controls it from a fixed location or server.
Relevant 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