Review on AirSwap by Danh Huỳnh Ngọc Công
A DEX with no trading fees
Airswap used to be a hype project as it is backed by the big name in the industry. Its concept was considered a big boom in the market that can disrupt the rapid growth of many DEXs and CEXs. However, these days, it seems like the interest of the community is vanishing day by day reflected by the volume of the exchange and the volume of its native token on the exchanges. However, it will still be staying and somehow growing because behind it is a strong and reputable team, who has very much experience
Pros
- - Airswap does not cost you any deposit or withdrawal fees and this will save traders a lot of money. The only type of fee traders have to pay is transactions fee which is compulsory to move assets on Ethereum blockchain
- - It does not require its users to sign up or give it important information. Personal identities of users will not be exposed to anyone. To use the exchange, they just need to use their private key so sign the contract
- - The design of the trading interface is very nice and simple. It looks very colorful and I like this style
- - It is a DEX so the security is ensured by the whole network of Ethereum blockchain. Transactions are verified by thousands of nodes around the world so we can say that it is immune to the attacks of hackers
- - There are four ways to establish the connection between users' wallets and Airswap. The mediums that can be used are Metamask, Ledger hardware wallet,
- - The team behind Airswap is huge. Most of them have many experience in blockchain and finance industry. The most impressive names to be mentioned are Joseph Lubin , Brock Pierce, and Erika Karp
- - It is easy for users to find competitive price as Airswap has an off-chain order book to ensure the liquidity
- - Although it is a decentralized exchange, it still offers OTC service which is a unique making it the only DEX having this one
- - It always listen to the feedback from community, proving that this is a community-driven project. This is very important for a decentralized world like blockchain industry
- - It has been listed on major exchanges such as Binance, Okex and Houbi. The liquidity is not so bad as the volume is quite good
- - It has joined the corporation with many big venture and this ensures the sustainable growth of the project
Cons
- - My first experience for Airswap is not so good. It is true that I don't have to create an account to trade on this exchange, but it required me to sign 4 contracts at the same time and most of them I don't understand what does it means as I'm not a developer. This means this exchange may have to adjust their product so it can be used by the major parts of cryptocurrency community, the traders
- - I got logged out every time I jumped to another section and this is not convenient
- - Users can only trade token on Ethereum blockchain. The range may be wider when cross-chain technology is mature enough
- - There are hardly many users on this exchange right now as can be seen on Coinmarketcap
