Airswap is a project that focuses on the development of a decentralized exchange on which Ethereum Tokens can be exchanged. Many ICOs are held on the Ethereum network. These projects pay the investors in Tokens of the relevant project. Nowadays, when you want to trade in this, you always have to use a third party. With Airswap it is possible to exchange coins directly and without intermediary on the Ethereum blockchain.
AirSwap was founded in 2017 and was known for offering frictionless peer-to-peer transactions for ERC-20 tokens to a group of mainly private investors.
It uses the swap protocol with the help of peer-to-peer functionality without the intervention of external services. This is done to ensure the safety of the investments of users. The systematic counterparty risk becomes superfluous with the Airswap framework.
Airswap started with the help of an ICO in the month of October of 2017. Within two days all 150 million AST coins were sold for almost 120,000 ETH (then value around 36 million dollars)