AirSwap is a peer-to-peer communication network for matching various traders that are interested in buying/selling the same cryptocurrency tokens, thereby facilitating counterparty discoveries and off-chain negotiations. It is not an exchange. It does not incur any fee and has no tolerance for dubious and malicious transactions. Welcome to the network where various independent decentralized applications join hands to bring about multi-functionalities for the participants of the ecosystem.
The challenge
Literally, blockchain technology has to do with millions of inter-connected computers running complex mathematical algebras. These computers interact in real-time to produce blocks through which transactions are signed and verified. As well, these computers handle the work of middlemen through contractual algorithms. There is no designated central server and the protocols are run by all the computers involved in peer-to-peer. To a layman, this is blockchain technology in a nutshell. Welcome to the world of decentralization! To me, you do not need to be a computer guru to understand all these.
Now brace yourself, it is more complex than that! The process involved in cryptocurrency tokens printing, management, storing and trading is far more tedious than as understood by a layman. When you look at what we have to pass through in order to set up accounts, create wallets and securely trade our tokens on some platforms, you might get confused. You wouldn’t know which one is more complex; this next-generation technology or its utilization.
How about being able to store and trade cryptocurrency tokens without having to deal with the complex tools and long sign up processes? The blockchain technology is complicated enough as it is. As calm as I can be, I am not an extremely patient man. I need a better platform that handles cryptocurrency and chain activities easier and faster. With AirSwap comes the easy solution.
Introducing an easy way out with AirSwap
AirSwap is a wide cryptocurrency network with various independent decentralized applications bringing their distinct functionalities together to create a better atmosphere for cryptocurrency trading. AirSwap allows cryptocurrency enthusiasts to transact Ethereum network tokens directly from their wallets without the need of transferring them through exchanges. It creates direct trading by peering buyers to sellers at a click.
AirSwap has an independent exchange known as INSTANT which facilitates immediate trading for both the newbie traders and veterans. Also on this network is SPACES – a decentralized app that allows traders to make new discoveries as regards trading. As well, there is a price discovery tool - DexIndex which aids users in getting the best trading rates from the markets. All these independent DApps come together to give cryptocurrency traders a completely new experience where trading is as easy as eating some Pizza. Well, I love Pizza.
Various components of AirSwap
AirSwap itself is not an exchange and does not include a wallet. You cannot withdraw or deposit on this network. It is, however, a network with independent components, each with its unique functionality. These components, also regarded as DApps bring their utility together to form an ecosystem that presents lightning-speed trading with zero counterparty risks for crypto enthusiasts. These components are discussed below:
This is the first component that is usually used by AirSwap users before commencing on transactions. DexIndex is a price discovery tool on AirSwap that is utilized by traders to discover various coins’ rates in real time. With this tool, AirSwap users can find the best rates through which they can get maximum profits as they trade their Ethereum network tokens. DexIndex algorithms accumulates different rates from top exchanges, compare and digest to present the best among all to the users based on certain statistics.
After utilizing the DexIndex functionality to get the best rates from the crypto markets, traders go on to leverage on the next in line component on AirSwap network. This is Instant exchange, another independent component on AirSwap. Instant exchange is a decentralized exchange through which traders can buy and sell cryptocurrency tokens instantly without the need of signing up. Instant exchange seamlessly pairs sellers to buyers without the involvement of a middleman. As well, it is a non-custodian of tokens. This ensures that the users have total control of their digital assets.
The AirSwap Spaces is a richly-featured bulletin that connects traders from different parts of the world together. Space is an end-to-end encrypted messenger through which crypto traders get to have private chats that stay between the senders and receivers. The chats are not broadcasted to any centralized server but are only accessible to the two parties involved. This provides a better communication among traders from different regions and get them to learn more about this ever-growing industry. As well, other benefits that come from networking are accessible through to the users of this DApp.
Developer tools (API)
I have reviewed tens of blockchain projects and trust me, I have learnt a lot about this technological advancement. These days, many DApps make their Standard Development Kits (SDKs) accessible to DApp developers (some). However, AirSwap does this in an explicably awesome way. It is not just about giving out their APIs but they have full tutorials on how to utilize each of these components to develop highly functional stand-alone DApps. These tools include AirSwap.js, peer, indexer, intent, API server, WETH, web socket, and so many more. I am pretty sure that you may want to learn more about these developer tools.
Getting started with AirSwap
AirSwap is accessible via any browser on both desktop and mobile devices. It does not require you to download any application to use it. Just click here to get to their homepage.
- Firstly, we may want to compare the price of a token (DAI) before trading. As explained above, we will use DexIndex to do this and below is how this platform looks.
- Our intention is to buy some DAI coins. On providing the token name and quantity we intend to buy in the required fields, DexIndex instantly brings the token’s rates (in ETH) at different exchanges to us. From here, we can decide which exchange to trade with. In the Compare column, we can see that the exchange offering the lowest selling rate is Switcheo as is rated by DexIndex as the best among all rates.
- Now, we can use the next tool, Instant exchange to find a seller that is willing to part with some DAI tokens at the rate that satisfies us.
Connect your wallet on which you want to receive DAI and complete the transaction.
To use other tools on AirSwap, you need to create a wallet on one of these: Metamask, Ledger, Equal or Portis. Metamask and Ledger have extensions that can be added on almost any browser.
Features that set the standard for AirSwap
Zero fees trading
Usually, networks with such a diverse components and functionalities even on blockchain attract certain fees for each service accessible to users within the ecosystem. This is not the case on AirSwap. Despite having multiple tools that facilitate profitable cryptocurrency trading, AirSwap is completely free. Neither Instant exchange nor DexIndex requires users to pay complicated trading fees to access its functionality. This ensures that crypto traders make maximum profits for using the platform in carrying out their day-to-day transactions.
Simple design, lightening-speed operations
Starting from DexIndex, all the DApps built on AirSwap have simple design and easy-to-use interfaces. There is no need for complex designs that usually have slow loading speed. The intuitiveness allows users to carry out cryptocurrency transactions in a few steps and seconds.
Rated the safest platform to trade Ethereum network tokens
On AirSwap network is the celebrated most secure exchange to trade Ethereum tokens. Despite being a non-custodian of users' assets, Instant is equipped with the latest techs to safeguard transactions. As well, user do not need to sign up and provide any personal information before trading.
Departing thought
In general, the team behind this project put up a great effort to build such a reputable blockchain. AirSwap combines various independent DApps to bring about an effective multipurpose ecosystem where traders can access lucrative transactions and network. This platform makes us understand the benefits that come from contributed resources. Learn more about AirSwap and its various DApps through the links provided below.
Github Repository
Links and References
DISCLAIMER
This is not 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.