AirSwap is defined as a decentralized, peer-to-peer token trading network supported by Ethereum. AirSwap aims to make token trading secure, simple, and free. AirSwap, which implements the Swap protocol, currently has three products: Instant, Spaces, and DexIndex.
The AirSwap platform allows users to determine which tokens they want to trade and at what price by communicating. Once both parties are ready for the exchange, the Ethereum smart contract called the Swap Protocol executes the transactions.
The platform has the advantages of a decentralized exchange as users have full control over their funds until the transaction is executed. Moreover, the co-founders of AirSwap, who are also the co-founders of Fluidity, the parent company of AirSwap, are Michael Oved, Sam Tabar, and Don Mosites.
Unlike most exchanges, there is no fee to use AirSwap, so AST is not used to pay trading fees. Instead, it serves as a way to broadcast transactions on the AirSwap network. Investors can also use AST as collateral for trading.
As this article is being prepared, AST Coin is trading at 0.1444 USD and in the AST BTC trading pair at 0.000004603 BTC. According to CoinMarketCap data, AST Coin is ranked 422nd with a trading volume of 21,529,982 USD, and its trading volume in the last 24 hours is 2,654,211 USD.
AST Coin reached a record high of 2.08 USD on January 10, 2018, and saw its lowest level of 0.0070 USD on March 13, 2020. There are currently 150,000,000 AST coins in circulation. AST coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform.