1. Introduction
AirSwap is a decentralized trading platform for peer-to-peer trading of ERC20 tokens. The token is AST (AirSwap Token). AirSwap improves the efficiency of token trading through two functions, Index and Oracle. Index enables traders to discover each other's willingness to trade and establish connections, and Oracle can provide quotation information for reference to help both parties negotiate quotations.
2. Project introduction
Airswap is a decentralized exchange built with smart contracts, which will allow anonymous users to encrypt P2P transactions without intermediaries or regulators currency. It integrates with the Swap Protocol, where it acts as an automated escrow service that allows both sides of the transaction (i.e. makers and takers) to securely trade any asset on Ethereum.
Airwap was founded by Michael Oved and his team, who previously worked for Virtu Financial, a Nasdaq-listed financial company. The Airswap platform is a decentralized token trading platform based on the Swap protocol white paper. The Swap protocol provides a decentralized trading solution based on peer-to-peer transactions.
Airswap core services include a searchable trader indexing mechanism with "transaction intent" and a pricing mechanism, as well as smart contracts that provide on-chain execution of trade settlement functions. For those looking to trade ERC20 tokens, the index will be a destination for ads you want to trade and search for other traders. Once the transaction intention of the other party is found to be suitable, the two parties of the transaction can communicate directly point-to-point. To assist the pricing process in communication, the pricing mechanism provides pricing recommendations generated from multiple data sources. After the two parties communicate and determine the price, one party places an order, and the other party submits the order to the smart contract for on-chain settlement.
Airswap intends to eventually attract large institutional investors. Ovid is particularly interested in attracting the attention of traders like DRW holdings LLC and DV Chain.
