Decentralization is the value proposition of a number of blockchain projects because of its power that it gives to societies. It is also utterly considered as a guide towards many promising futures. Despite this technology, now being a revolution and a centre of interest to several projects, we are still observing centralization in many decentralized respects especially in cryptocurrencies. Cryptocurrencies were initially designed to provide a frictionless economy to the world however it is the reverse now because the crypto markets are utilizing centralized exchanges so a lot for transactions and these present a weak link in the philosophy of decentralization. To bring the model to a life where we envision a free-flowing tokenized economy, we need decentralized exchanges operating in the crypto sphere. Gladly, AIRSWAP has penetrated this network to become the new silver bullet of the centralized exchanges.
AirSwap is a Hong Kong-based decentralized exchange (DEX) for trading any two ERC20 tokens on the Ethereum blockchain and it has its own cryptocurrency called the AirSwap Token (AST). The exchange is banking on peer to peer trading, off-chain negotiation and on-chain settlement to offer a secure and a private platform to its users. On top of that, it offers a seamless user experience to ERC20 token traders. AirSwap is built on a protocol called Swap that is intended to become a foundation for the asset trading ecosystem and to make transactions free.
Dark pool trading.
Most of the exchanges make use of the blockchain order books to match supply and demand of a given tradeable asset. With these order books, all orders are published publicly and this has an effect on sensitive order information because most miners use the information to front run orders which is unfair. Airswap is using peer-to-peer supply and demand matching to fill orders and they are leveraging an indexer protocol to help match peers. When peers go along with an order, it is publicly displayed on the exchange.
Zero fees.
All cryptocurrency traders are looking at making big bucks on their trades, but this is hard to achieve with centralized exchanges because they are openly for-profit, in a general way, they charge exorbitant fees for transactions. With AirSwap, there are no fees. Whether you are buying or selling, you will never pay trading fees to AirSwap. The only fee is the Ethereum Gas paid for the decentralized computation when settling a trade.
Free to place orders.
AirSwap does not set market makers, anyone can become a market maker by signalling their intent to provide liquidity. This is basically done by staking AirSwap Tokens. Once the AirSwap Token is staked it is locked up for a certain amount of time and a market is created. The number of Airswap Tokens staked to provide liquidity depend on the votes cast by the Airswap Token holders.
There is much public criticism directed at centralized exchanges so decentralized exchanges are striking while the iron is hot to gain a foothold in the cryptomarkets. The biggest hurdle that decentralized exchanges face is low liquidity but AirSwap is solving the issue with staking AirSwap Tokens so this is giving the exchange a stronger position and lately, they have consistent growth in traders, trades, and volumes on the exchange. Literally, all is going well so far.
Airswap has big surprises for you in the near future so you should follow the team on:
Twitter, Facebook,LinkedIn, and Youtube
If you need their tutorials and documents just kindly visit the
AirSwap developer tool