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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.
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 Airswap.io, 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 email@example.com. 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.
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