Review on AirSwap by Olugbenga Ajayi
Airswap, facilitating convenient p2p transaction
Airswap is a cryptocurrency project that concentrate on facilitating peer to peer buying and selling of ethereum based token without any need for an exchange and at no network fee.
Airswap was launched in 2017 and the ICO sold 150 million of the 500 million supply of its token (AST). The token is an erc-20 which can be traded on airswap, binance and huobi.
One I love and appreciate most is such trader can meet on airswap space and negotiate for a transaction to take place while airswap execute the trade through its smart contract.
It is good to note that airswap does not charge network fee but all traders must stake at least 250 AST to broadcast an intending trade.
Pros
- Airswap does not charge network fee
- Airswap guarantee transaction privacy as trade discussion occur privately
- It removes the hickup of going to an exchange to swap token thereby It facilitate convenient exchange of token
- Funds are at traders custody
Cons
- May likely inherit and suffer factors bedeviling decentralized exchange
- It is possible not to find a peer to trade with at a given time
