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Highlights
- AirSwap (AST) is a decentralised peer-to-peer protocol that is powered by the Ethereum blockchain.
- The users can communicate with each other on the AirSwap platform and come across a common ground as to what price or what exchange do, they want to complete the transaction.
- AST is ranked 621 on CoinMarketCap, and it is currently trading at US $0.324171 with a 24-hour trading volume of US $6,774,474.
AirSwap (AST) is a decentralised peer-to-peer protocol that is powered by the Ethereum blockchain. AirSwap aims to make the buying and selling of tokens a seamless process and that too without fees. The main aim of the AST token is to empower people with the opportunity of frictionless trade.
As AST crypto is decentralised, the transactions are completed via smart contracts.
The users can communicate with each other on the AirSwap platform and come across a common ground as to what price or what exchange do, they want to complete the transaction. Once decided, the Swap Protocol takes over and executes the trade. The platform also enjoys the advantage of having control of their funds until the trade is executed, giving it complete transparency of the transaction.
Also read: Will the $1M bounty add to Tether's headache?
Why it is so unique?
Co-founded by Michael Oved and Don Mosites, the transactions in the AST crypto take place from one wallet to another simultaneously. As the negotiation doesn’t happen on a blockchain, there is no need for maintenance or custody.
The users can find peers to trade with via AirSwap Spaces, which are essentially the rooms where they can showcase their interest in trading in multiple tokens and connecting with other users through Spaces.
As the transparency and control of their funds are maintained, the users are the king while executing the trade. Besides, as there is no maintenance fee or custody fee, the users can save up on transaction fees, which indirectly helps them reduce the cost. With AST crypto being available in leading exchanges such as Binance, OKEx, Huobi Global, BKEX, and ZT, it gives the users the option to trade on their exchange or even swap between one exchange to another.
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Is AST a good investment?
AST is ranked 621 on CoinMarketCap, and it is currently trading at US $0.324171 with a 24-hour trading volume of US $6,774,474. At the time of writing (BST 11:00 am), AST was up by 7.99% in the last 24 hours. AST currently has a live market cap of US $48,625,609 with a circulating supply of 150,000,000 AST coins.
Also read: Why is Loopring Token grabbing eyeballs?
Market experts are banking on AST’s price to increase in the coming future. Although the history hasn’t been great on AirSwap’s side, this rally could give them hope. They are projecting a rally of +245.4% in the next five years, with the price rising to US$345.4 by 2026. Although that could be a bit of a stretch, however with the bull run, one can expect the crypto can go to new highs.
