AirSwap: A Decentralised Exchange Platform.

With the introduction of blockchain technology, the world is entering an era of decentralisation. The blockchain technology has provided so many money making opportunities to millions of individuals around the global through cryptocurrency. A major sector in the cryptocurrency world that has been providing the most revenue/income to thousands of individuals is the trading sector. The very first factor anyone entering the trading sector would consider is, which exchange platform is the simplest, cheapest and the safest to use. Cryptocurrency exchange platforms have been a major target for hackers around the world. There have been cases where these hackers have been successful in the past. Now, that should make you worried. How can you invest hundreds or thousands of dollars(your nation's currency) in cryptocurrency trading and you are in constant fear, not knowing if you might lose your investment if there was a case of hack on the exchange platform you are using. That feeling is terrible and you shouldn't have to feel that way. With all said, I introduce you to an exchange platform with 100% guarantee of keeping your investment safe and secured, AirSwap. I will highly recommend you find somewhere quiet to read through this interesting and informative article I made just for you.

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What Is AirSwap?

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AirSwap is a peer to peer cryptocurrency exchange platform that is built on Ethereum network. In other word, AirSwap is a decentralised cryptocurrency exchange platform that enables traders from around the globe to trade Ethereum based assets among parties. AirSwap ensures to make trading easy, simple and safe for traders. AirSwap exchange is one of the most decentralised exchange platform you can find in the world today. Although, cryptocurrency and blockchain are about decentralisation but most cryptocurrency exchange platforms are centralised and that's why you hear and see incidence, of cyber hacking. With AirSwap you can never experience such(cyber hacking) as the protocol used in the set up of this exchange ensures that the exchange is highly decentralised.

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The idea of the AirSwap exchange platform is just incredible as it helps us get closer into the decentralised era. As I said earlier on, AirSwap involves peer to peer trading. This eliminates every form of an intermediary (central authority) on the exchange platform. Traders can literally trade any tokens, as it involves a peer to peer system(I personally have to like this, because I'm on different exchange platforms, as a result of tokens availability on each exchange platform). There is less restrictions of traders. Some weeks ago, some exchange platforms have banned US citizens from using their exchange because of some certain issues which I won't dive into. Such a situation will never happen on AirSwap, as there is no central authority that will make such regulation.

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AirSwap Tokens

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As a decentralised application built on the Ethereum blockchain, AirSwap like other DApps has it's own token, called AST. The AST token had a very successful ICO back in October 10, 2017, where it sold 150 million AST tokens for about $36 million, with over 9,400 token buyers from 135 countries around the globe. The AST tokens is currently trading on AirSwap exchange and other prominent exchange platforms. The total supply of AST tokens is 500 million and the total AST tokens in circulation is 150 million. It is currently valued as $0.057 according to CoinMarketCap.

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Amazing Features Of AirSwap Exchange

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There are so many amazing features of this super awesome exchange platform, but for this article I will be giving you guys the top 2 features of this exchange platform. I will be comparing the centralised crypto exchange platform (commonly known as the traditional exchange) with AirSwap. Let's row!!!

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• Security: Traders using centralised crypto exchange platforms are not in total control of their digital assets, as they have handed it to third party(which is the exchange platform). That's why centralised crypto exchange platforms are prone to cyber hacks, because the hackers, know that traders digital assets are in possession of the third party. Also, transaction carried out on a centralised crypto exchange platform doesn't have much privacy. AirSwap, ensures all these disturbing issues are trashed. AirSwap ensures that traders have complete and total control of their digital assets. Traders using AirSwap stand no risk of cyber hacks except they are careless to give away their passwords which can happen on centralised exchanges. They can't be an incidence where AirSwap would report of hack because they are not in possession of traders digital assets. To ensure this, AirSwap created a protocol which ensures that traders will have to connect their wallet to AirSwap whenever they want to trade their digital assets. According to Michael Oved, co-founder of AirSwap;

Funds on AirSwap are not held in a centralized account and therefore cannot be hacked. Source

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^{Screenshot from AirSwap}

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• Trading Fees: Traditional exchange platforms charge traders trading Fees. This is because they are party that makes the transaction to happen, i.e they are in possession of your tokens and also in possession of the other party tokens, you want to trade against/for. So they charge trading fees, for ensuring that your transaction takes place. This trading fees are used to maintain the exchange platform, and shouldn't be seen as evil. But in a situation where there is no third party involved, there won't be any party claiming the trading fees. In other words, AirSwap is an exchange platform with zero trading fees.

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Decentralisation is the future, and for a crypto currency exchange platform to have adopted decentralised protocol it's a massive leap to the decentralisation era. AirSwap will be among the future cryptocurrency exchange platforms with massive adoption. It has a great team and advisory board. AirSwap was created by both Don Mosites and Michael Oved. Don Mosites is an engineer and a product designer with lots and lots of experience building products for Google, Zynga, and other companies. Michael Oved is a well known veteran trader who has got lots of experience at trading firm Virtu.

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The team has top advisors such as Joseph Lubin, who is the co-founder of Ethereum, and Bill Tai, board director of BitFury, the world’s largest Bitcoin Blockchain company. They join Clifford Hart, the former US ambassador to Hong Kong and Macau, Erika Karp, Cornerstone Capital CEO, Brock Pierce, chairman of the Bitcoin Foundation, Mina Teicher, Israel’s former Chief Scientist, founder of Robot Heart George Mueller, and many other top advisors in the blockchain and cryptocurrency industry. Source.

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Conclusion

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AirSwap will most likely be the future of decentralized cryptocurrency exchanges, as it already provided solution with its P2P protocol. The team is strong and reliable and also with the addition of former hedge fund manager Michael Novogratz on the advisory board, the future is very bright for AirSwap.

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Thanks for reading through, I hope you found the article informative and interesting.

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Till Next Time, Stay Safe & Try Out AirSwap

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Useful Links

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Website | Twitter | LinkedIn
| Facebook | Instagram | YouTube | Telegram | Reddit.

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• Project Github Repository: https://github.com/airswap

• My Github Profile: https://github.com/menoski

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Disclaimer: This is not a financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.