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What is AirSwap and Understanding This Emerging DEX Built on Ethereum

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By: cryptotravelsmichael

Unknown Speaker  0:01  

Welcome to the New To Crypto podcast designed to guide you through the crypto landscape with pinpoint accuracy created for the new and intermediate crypto investor. Join your host Crypto Travels Michael as he takes you through the different facets of getting started and succeeding in your crypto journey. New to crypto podcast brings you new episodes daily Monday through Friday with surprise bonus episodes sometimes on the weekend. Let me ask you, are you new to crypto don’t know where to start? Are you more experienced but have questions? Then you’re in the right place. This podcast is designed for you, coming at you from the training center in the lifestyle design studio. Here’s your host Crypto Travels Michael.


Michael  0:52  

Hey, welcome to today’s show. I’m currently working on an NFT collection, which you’ll be able to see here shortly in the future. And I’m also working on a crypto apparel line for our entire community. So as the crypto market is growing, this show is also growing. And we’re truly worldwide at this point. So I welcome you to the show. And let’s jump into today’s episode. It’s all about AirSwap. So what is AirSwap? AirSwap is a company working as a decentralized cryptocurrency exchange platform for ERC 20 tokens and it has a blockchain technology that trades all ERC 20 tokens through a peer to peer protocol. AirSwap combines on chain and off chain networks to create a secure and stable environment for trading and financial payments. AirSwap was co founded by Michael Oved, and Don Mosites. Michael was a veteran algorithm trader, and Don is a serial entrepreneur and a full stack engineer. 


So they both graduated from Carnegie Mellon University. And there’s also a development team behind them and some top advisors for the project. Let’s break down the benefits of AirSwap. AirSwap consists of four key components, Peer Protocol, Indexer Protocol, Oracle Protocol and Smart Contract. And these protocols divided into the parties into the maker who provide the order and the taker who fulfills it. The Peer protocol can be understood as a messaging platform that allows the trading parties to conduct their transactions securely and privately. And this process is done off chain. Then there’s the Indexer Protocol: And it’s another off chain service, which indexes the party’s intent to trade. Then there’s the Oracle Protocol, and it offers information about the pricing to both the parties before delivering, in order the maker can take price suggestions from the Oracle and the taker inquires with the maker to check the right price, and this ensures fair negotiation. And then there’s Smart Contracts which are immutable agreements used for giving and taking the trade orders on AirSwap. If you’re not entirely familiar with Smart Contracts, I highly recommend that you listen to my episode. It was one of the previous ones, which is what is a Smart Contract all about Smart Contracts. So let’s break down the transactional process with AirSwap. 


AirSwap makes it very easy to conduct trade with different parties using its protocols. The Peer Protocol connects with other parties that you would like to deal with the Indexer Protocol binds the Ethereum tokens that you would want to trade in. the Oracle presents all the market prices for you to check trades. And the Smart Contracts are on the blockchain agreements that enable you to conclude the trade. So that’s basically the backend of how AirSwap is designed. Some of the features of AirSwap is security, privacy, and it’s fair. So it’s a peer to peer platform, which allows you to conduct private exchanges through its blockchain network. And AirSwap is fair in the sense that it sidesteps things like front running and hacking, because it has its Swap Protocol, which is built from scratch, and it ends this and it makes it a fair means of trade. So some of the benefits of this peer to peer trading with AirSwap is that it’s decentralized. There’s a guaranteed price. And you just plug in your wallet, and you go and you can plug in Metamask and just connect and start swapping. 


Quick note on AirSwap, it’s an open developer community that’s focused on decentralized trading systems. One of the technologies that AirSwap has created something they call Atomic Swap through which both sides succeed In the transaction or the entire transaction reverts. This type of transaction is trustless such that neither party needs to trust one another to transact, which is very good. And interesting note that on October 10, 2017 AirSwap, released their own token called AST. The token initially enabled traders to announce their availability. And today also functions as a way for contributors to participate in governance and development. You can go to, on their site, and definitely check out and learn a lot more. Currently, the AirSwap or AST token is trading at just over 24 cents. And the current market cap is just over 36 million. And the currently circulating supply is 150 million tokens, with a maximum… The total supply is half a billion tokens or 500 million tokens.


And you can acquire that token on Binance, Huobi and a bunch of other ones, you can look on coin market cap for the list of them all. And on our site. I’m going to share the whitepaper with you if you’re interested to know more. So this was just a brief overview about AirSwap and everything they have going, it’s definitely another option for you to explore. As always, the show is not financial advice. Be sure to do your own due diligence. And if you like today’s episode, definitely like and subscribe to the podcast, show your support. I love hearing from you guys. You can send an email to me at And if there’s an episode or a topic that you would like to learn more hear more about, definitely email me in your request. So I look forward to joining here tomorrow. Until then, make it a great day.


Unknown Speaker  6:53  

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Table of Contents

What Is AirSwap? 

AirSwap is a peer-to-peer Ethereum token trading platform, which implies that people trade their tokens directly with one another. 

Since AirSwap doesn’t possess the assets of its users, the site is decentralized, and trading is done through smart contracts.

The AirSwap platform allows users to communicate about which tokens they wish to trade and at what price. The Swap Protocol, which is an Ethereum smart contract, performs the trade once both sides are ready to finish it.

The platform benefits from a decentralized exchange in that users retain complete control over their cash until the trade is completed, at which point either both parties receive what they traded for, or neither side does.

What Makes AirSwap Different? 

The AirSwap Widget was designed by AirSwap to allow customers to buy tokens directly on a website, allowing visitors to trade tokens without having to navigate to a different website.

Users of centralized exchanges must trust the exchange to hold their wealth safe and not be hacked, break the law, or make any stupid decisions on their behalf. 

Decentralized exchanges, on the other hand, where trades are conducted entirely on the blockchain, are exposed to a variety of threats.

Some of these threats include front running, slow transaction times, and many privacy concerns.

There is just no risk of front running with AirSwap because trades are executed straight from one wallet to another at the same time. 

Negotiations are also held privately rather than on the blockchain, ensuring that anonymity is maintained. Furthermore, the platform has no charges since no maintenance or care is required.

They built AirSwap Spaces to assist AirSwap users in meeting peers with whom to trade. Users can create AirSwap Spaces to post their interest in swapping different tokens, and other users can find them. 

They can use Spaces to discuss, negotiate, and execute trades in a secure and private environment.

One of the technologies that AirSwap has created [is] something they call Atomic Swap through which both sides succeed… This type of transaction is trustless such that neither party needs to trust one another to transact.

Here's What We Discussed in Detail in This Interview

[00:01 – 02:06] Opening Segment

  • I give a reminder to look out for my future NFT and apparel collection
  • Let’s learn a bit more about AirSwap
    • Working as a decentralized cryptocurrency exchange platform
    • For ERC 20 tokens
    • Trading through peer to peer protocol
  • Learn a bit about the founders 


[02:07 – 05:12] What is AirSwap & Understanding This Emerging DEX Built on Ethereum

  • A breakdown of AirSwap’s components 
    • PIR Protocol
      • Acts as a secure messaging platform
    • Indexer Protocol
      • Secure off-chain service
    • Oracle Protocol 
      • Offers pricing information
    • Smart Contract
      • Used for giving and taking trade orders
  • What is a Smart Contract – Podcast Episode
  • A look into the transactional process 
    • Easily trade with different protocols
    • How the 4 elements work together
  • Design features behind AirSwap
    • Security, privacy and fair use
  • How AirSwap keeps things fair 
    • Side stepping front running and hacking
    • Focus on decentralization 
    • Trustless peer to peer transactions


[05:13 – 07:32] The Native Coin and AirSwap Ecosystem

  • The native coin is AST
    • Gives participants governance and development capabilities 
    • Check out
    • Trading at 24cents at the time of recording
    • Market cap of $36M
    • 150M tokens in circulation 
  • Where you can trade this coin

Killer Resources


Final Thoughts

AirSwap is constantly adding new functionalities and improving its trading platform.

Peer-to-peer trading has numerous benefits, but it also has a number of drawbacks, such as a lack of peers willing to take a deal.

To address this issue, AirSwap is developing new tools to help users identify peers more readily, making trades more automatic, complete, and seamless.

The New to Crypto Podcast is designed to guide you through the crypto landscape with pinpoint accuracy. New episodes are added daily. Be sure to subscribe to the podcast and listen to all of the episodes to help you in your cryptocurrency journey.

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Crypto Travels Michael


Helping those to navigate the crypto landscape with pinpoint accuracy.

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