AirSwap (AST) is a decentralized, peer-to-peer token trading network built on the Ethereum blockchain. It enables users to buy and sell tokens directly from their digital wallets without the need for a centralized market maker. The platform prioritizes user privacy and security, using its own cryptocurrency, AST, to create markets for trading ERC-20 tokens. AirSwap is a non-custodial, trustless system that allows for atomic swaps, ensuring that both parties in a transaction succeed or the entire transaction reverts.
AirSwap (AST) is the native utility and governance token of the AirSwap network. It serves several purposes within the decentralized exchange (DEX) platform:
Announcing Availability: Traders use AST to announce their availability on the network, enabling them to participate in peer-to-peer token trading.
Governance: AST holders can stake their tokens to participate in governance and decision-making processes within the AirSwap community. This includes voting on proposals and contributing to the development of the platform.
Trading: To execute trades on the platform, users must have at least 100 AST tokens. These tokens are locked for seven days, after which the user gains control of the governance mechanism and can trade freely on the DEX.
- Market Making: AST tokens are used by market makers to set markets on AirSwap, facilitating the trading of various cryptocurrencies.
In summary, AST tokens are essential for traders to engage with the AirSwap network, participate in governance, and execute trades without the need for intermediaries.
To store AirSwap (AST) tokens, you can use various types of wallets that support ERC-20 tokens. Here are some options:
Hardware Wallets (Cold Wallets):
- Ledger Nano S and Ledger Blue are hardware wallets that support AST tokens. These are physical devices that store your tokens offline, providing the highest level of security.
Software Wallets (Hot Wallets):
- MetaMask, Parity, and MyEtherWallet are software wallets that support AST tokens. These are mobile or desktop applications connected to the internet, which are less secure than hardware wallets but more affordable.
Mobile Wallets:
- Trust, imToken, Status, and Coinbase Wallet are mobile wallets that support AST tokens. These are convenient for on-the-go access but are also connected to the internet, making them less secure than hardware wallets.
When choosing a wallet, consider factors such as security, fees, and ease of use. Always ensure you follow best practices for securing your wallet and private keys to protect your tokens.
To buy AirSwap (AST) tokens, follow these steps:
Choose a Centralized Exchange (CEX):
- Select a reliable and trustworthy crypto exchange that supports AirSwap (AST) purchases, such as Coinbase, KuCoin, or Pionex.
- Consider the ease of use, fee structure, and supported payment methods when choosing an exchange.
Create an Account:
- Enter the required information and set a secure password.
- Enable two-factor authentication (2FA) using Google Authenticator and other security settings to add an extra layer of security to your account.
Verify Your Identity:
- Complete Know-Your-Customer (KYC) verification, which may require information based on your nationality and region.
- Passing KYC verification will grant access to more features and services on the platform.
Add a Payment Method:
- Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.
- The required information may vary depending on your bank's security requirements.
Buy AirSwap (AST):
- Use fiat currency to buy AirSwap (AST) if supported by the exchange.
- Alternatively, purchase a popular cryptocurrency like USDT and then exchange it for AirSwap (AST).
Additionally, you can use decentralized exchanges (DEXs) like Uniswap or crypto wallets like KuCoin Wallet or MetaMask to buy and store AirSwap (AST).
