AirSwap

AirSwap is a natively global project. From the initial whitepaper through the token launch, both its core contributors and launch participants have been distributed around the world. The token launch itself was among 9,447 people from 135 countries.

One of AirSwap’s earliest goals was to operate as an effective open organization with a transparent structure and process. With wide participation from the AirSwap community, we continue to strive toward that goal together and Phase II marks our progress.

AirSwap’s mission is to be the world’s best peer-to-peer trading system. Using a request-for-quote (RFQ) protocol and atomic swaps for settlement, AirSwap traders are protected from both front-running and price slippage, trading directly wallet-to-wallet.

AirSwap works alongside automated market makers (AMM) like Uniswap. We estimate that RFQ will capture around 40% of volume through aggregators. Today, AirSwap is averaging over $2M in daily volume and this is trending upward with new integrations.

AirSwap is an open developer community focused on decentralized trading systems. AirSwap technology powers peer-to-peer networks using de facto standard RFQ and Last Look protocols making it the top choice for traditional market makers entering the decentralized financial system.

Our vision is a future where all forms of value are represented as digital assets and flow freely and reliably among people and communities around the world. Our mission is to become the standard peer-to-peer trading system: a fundamental primitive of the decentralized economy.

Technology
AirSwap curates a peer-to-peer network for trading digital assets: a novel design that protects traders from counterparty risk, price slippage, and front running. Any market participant can discover others and trade directly peer-to-peer using a combination of web protocols and smart contracts. AirSwap technology is open source and all code can be found on GitHub.

Benefits
At its core, AirSwap enables two parties to perform an "atomic swap" transaction, through which both sides succeed or the entire transaction reverts. These transactions are "trustless" in a way that neither party needs to trust one another to complete the swap.

• Not your keys, not your coins. AirSwap is non-custodial and without deposits or escrow. Every transaction is peer-to-peer with no counterparty risk, no intermediating participants, and no infrastructure beyond Ethereum.
• Competitive and efficient. Trading firms provide liquidity via AirSwap at competitive prices because they hedge on centralized exchanges. Since it's peer-to-peer, the price you see is the price you get, without slippage, front running, or price manipulation.
• Zero limitations. Each swap is between two parties, two tokens, and a smart contract. This means any standardized digital asset can be swapped at a custom price and at any size. No matter the swap, settlement is cheap and efficient.