Project – AirSwap

Token – AST

Circulating Supply – 150,000,000

Total Supply – 500,000,000

Total Market Cap as of writing – $37,962,900

Website – www.airswap.io

*I own AST so take all this with a grain of salt. I’m just trying to breakdown the project details.

What is it?

“Is it like crypto bridge?” – Coinguybri

No Coinguybri, it is not like crypto bridge.

AirSwap is attempting to create a DEX (Decentralized Marketplace) that has no fees, no orderbook, and solves the long standing DEX liquidity issues.

How Are They Going to Do That?

The peer to peer “Swap Protocol” allows buyers to link up with sellers directly. No assets will actually ever enter the “marketplace” but, instead, they will be transferred directly from the seller’s wallet to the buyers. This peer to peer nature creates no orderbook, which is predicted to end the frontrunning issues seen on centralized exchanges.

The liquidity issue is solved by partnering with liquidity providers, known as “Makers”. Makers will have to stake AST to advertise which pairings they are willing to offer. “Takers” can hook up to the marketplace (through a metamask wallet or a Ledger Nano S) and state their intention to buy. An oracle will help with price suggestions and the Taker will have access to trade with any of the Makers currently offering that pair.

Where are They At?

Currently, it is possible to trade ETH for AST on their token trader. The team is working with three liquidity partners, or Makers, in a closed beta of the full marketplace. It has been stated that 24 ERC20 tokens will be available to trade when the marketplace goes live. The beta started on March 16th, 2018 and we’ll hopefully see it go live sometime in the next couple of months.

Pros

Airswap has a baller advisor team with the likes of Bill Tai, Joseph Lubin, Michael Novogratz, and many more. They’ve proven they can hit every roadmap milestone on time as well. The token trader, and early demos of the marketplace, have incredibly slick interfaces.

There are no fees, other than Gas, to use the marketplace as a taker. Of course, there are also no withdrawal fees, since nothing ever has to be withdrawn.

Cons

Quite a few tokens are locked up. The team has proven an ability to use these tokens to build the project by creating partnerships and obtaining advisors but obviously this will concern some people. The breakdown of the remaining locked up tokens looks like this:

10% is for partners

10% is for advisors

10% is for founders (4-year vesting)

40% is locked in a multisig wallet with no plans in place for release

Potential AST owners will have to make their own decisions there as to what they think about that.

As always, do your own research. This is not financial advice. This is an exciting project and more people should know about it.

Get at me on the twitter @fatherofbags