Review on AirSwap by Yenkelys Barcenas
Airswap. A Decentralized Exchange Protocol.
Airswap is an interesting project, a decentralized protocol created on the Ethereum platform that can work on and off the platform. It is an exchange project that allows off-chain trading and on-chain settlement.
Its developers explain that this network is directed towards the purchase and sale of tokens in a safe, simple and commission-free way, creating a frictionless trade through smart contracts per to per. Users can carry out exchanges of any ERC-20 type token without risk, through a prior negotiation process in which the price that is validated through the exchange is defined and then the Ethereum blockchain is used to specify the exchange.
The AST token, the token´s native of the project, is also of the ERC-20 type, therefore it enjoys the benefits of being an Ethereum token, and also has two functions for the holders: means of exchange and granting participation in the voting power to the merchants providing management capabilities to Oracles roles within the platform. It is an asset whose price is not very high but it maintains the project in a good position in the global cryptocurrency rating and is expected to continue growing as it gains more popularity among users in the digital world.
Pros
- Users remain in control of their tokens until the exchange is achieved.
- It does not require personal information for registration and exchange operations.
- The operations are easy to carry out, simple and safe.
- Does not require commissions for transactions.
- The exchange process is fast on the blockchain since the negotiation is done outside of it.
Cons
- AirSwap does not offer fiat money exchange options.
- It does not have mobile applications.
- Needs more promotion in the digital world.
