Review on AirSwap by Fanuel PORPORTY
AirSwap: Exchange your tokens instantly and without intermediary
AirSwap is a decentralized exchange that allows users to buy and sell ERC-20 tokens simply by setting an amount, getting a price, and making a trade, after connecting their wallet. AirSwap is compatible with various wallets including MetaMask or Ledger or trezor.
The DEX does not list any tokens, but allows users to find a counterparty for trading various assets. AirSwap has its own AST token which serves as a token for market makers on the DEX. Manufacturers, who are liquidity providers, offer the bid price or the amount for which they wish to trade their asset. Anyone can be a cash provider on AirSwap DEX, just by signaling that they want to. The reporting amount is 100 AST and locking this amount allows you to report 10 transactions.
Unlike decentralized exchanges, DEX eliminates the constant risk of hacking and allows individuals to exchange tokens with each other. 2020 is the year of the explosion of DeFi protocols,
Pros
- AirSwap instantly executes the exchanges between the parties.
- It allows to create showcases, markets and auctions on its DEX network.
- It is possible to use AirSwap to accept encrypted payments directly.
Cons
- AirSwap has been around since 2017 but remains even less well known in the industry.
