AirSwap (AST) Price

AST (AirSwap) is a decentralized peer-to-peer protocol built on the Ethereum blockchain that enables the exchange of ERC20-based tokens without the need for an order book or an intermediary.

The AST protocol uses a system of smart contracts and off-chain messaging to enable parties to trade tokens directly with each other, using a standardized message format. This makes the process of token trading more efficient and straightforward.

The platform provides a hybrid solution to trading, offering both off-chain negotiation and on-chain settlement options. Participants can express their interest in trading tokens with others outside the blockchain, allowing them to communicate and negotiate prices freely. They can also leverage third-party oracles to confirm pricing accuracy. Once the parties reach a settlement, the transaction is executed on the Ethereum blockchain through a smart contract, ensuring transparency and providing a secure and decentralized environment for the trade to finalize.

The AST token is the platform’s native crypto that serves two crucial purposes. Firstly, it acts as a signal to convey the traders' buying or selling intentions of Ethereum-based tokens. Secondly, it grants voting power to traders, who are capable of managing the roles of Oracles within the platform. This not only ensures the smooth and efficient functioning of the system, but also increases the accountability and transparency of the platform, delivering a better experience for all users.