Jakarta, Pintu News – The development of the cryptocurrency world is increasingly dynamic with the emergence of various new projects that promise convenience for their users. One that is attracting attention is the AirSwap Token AST4.37%->Current AST PriceRp 432,44.37Market CapRp 90,46 MiliaTrading VolumeRp 1 MiliaCirculating SupplyRp 210.487.228, an Ethereum-based token used on the AirSwap decentralized exchange (DEX).
Based on CoinCentral’s report, the token is designed to enable peer-to-peer trading without transaction fees, while providing a solution to the various drawbacks that exist with traditional DEXs.
What is AirSwap Token (AST)?
According to Munair Simpson of CoinCentral, the AirSwap Token (AST) is a membership token used in the AirSwap ecosystem. The token is ERC20-based with a total supply of 500 million AST, while the number in circulation stands at 150 million AST. Each AST holder is entitled to signal trading intentions, thereby exchanging cryptocurrencies without having to hand over assets to a third party.
AST enables peer-to-peer transactions with the support of popular digital wallets such as MetaMask and Ledger. This system is considered more secure because users do not need to deposit assets with the exchange, a problem that is often a security gap in many centralized exchange platforms.
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The Technology Behind AirSwap: Swap Protocol
According to CoinCentral, the main technology supporting AST is the Swap Protocol, a mechanism that organizes fee-free transactions through Ethereum smart contracts. The trade execution process is done on-chain, but most activities-such as price communication-are done off-chain for speed and efficiency.
With this system, AirSwap is able to overcome the latency issue on the Ethereum blockchain which takes about 15 seconds to reach consensus. In comparison, traditional exchanges can relay information in a matter of microseconds. This makes AirSwap more competitive than other DEXs such as EtherDelta or OmiseGO.
Prevention of Front-Running in DEX
Front-running, the practice of manipulating prices by using public information, is one of the most serious problems with decentralized exchanges. CoinCentral notes that this phenomenon occurs when unethical actors use order data visible on the blockchain for personal gain.
AirSwap solves this problem by not publicly displaying order information on the blockchain. That way, miners or exchange operators cannot exploit sensitive trade data. These advantages make AST seen as one of the crypto tokens with real solutions to classic problems in DEXs.
Role of Liquidity Provider in AirSwap
In the CoinCentral report, it was explained that AST is very important for market makers or liquidity providers. They are the ones who provide assets for trading by determining the buy price (bid) and sell price (ask). Profits are usually made from the difference between the two.
To become a liquidity provider on AirSwap, users must lock up at least 100 AST (equivalent to Rp1,633,700 at an exchange rate of Rp16,337/USD). The token will be locked for seven days and allow its owner to signal up to 10 trades. Meanwhile, liquidity takers do not need to own AST to trade on AirSwap, so the system remains inclusive to all users.
Founding Team and Investor Support
AirSwap was first introduced in 2017 by Michael Oved and Don Mosites in Hong Kong. Both are Carnegie Mellon University alumni who were reunited by the development of cryptocurrency. The first engineer to join the team was Deepa Sathaye, according to CoinCentral.
The project also has the backing of some big names in the industry, including Joseph Lubin, Bill Tai, Brock Pierce, and Michael Novogratz. This support reinforces AirSwap’s legitimacy as one of the cryptocurrency projects that has the potential to thrive in the global market.
Future Potential of AST
CoinCentral believes that the value of AST will only increase as the AirSwap ecosystem continues to grow. The more liquidity providers become active, the greater the need to lock up AST, while supply remains limited. This could theoretically drive AST prices higher in the future.
In addition, AST is also attracting the attention of speculators who see profit opportunities from price appreciation. With the AirSwap Token Marketplace and a network of strategic partners, AST is projected to be one of the tokens that make a significant impact on the way people trade cryptocurrencies.
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