Blog Borrowing Airswap (AST) coin and exchange review 2021

Airswap (AST) coin and exchange review 2021

date February 3, 2021 time 4 min read 394 views

AirSwap might have taken a hit back in 2019, but data shows that the value of AST is steadily picking up. With the increasing popularity of DeFi and the interest options provided by decentralized exchanges, now might be an excellent time to be investing in the AirSwap coin. Here’s what you need to know about the platform today.

What is AirSwap AirSwap is a decentralized, peer-to-peer token trading network powered by Ethereum.
What is AirSwap? AirSwap is a decentralized, peer-to-peer token trading network powered by Ethereum

If you’ve only heard about AirSwap in the news, then you might associate them with the significant bug found on their platform in mid-2019 that caused a dip in their native crypto, AST.

Fortunately, all bugs in question were eliminated without any apparent loss of funds from customers. AirSwap shored up further issues by putting a $50,000 DAI bounty for any bugs the community could find.

Since this tumultuous time, AirSwap has slowly crawled back onto the charts with the rise of DeFi and the great interest options that come from using decentralized exchanges.

We’re going to discuss what you need to know about AirSwap and its coin, AST, today and help you decide whether it’s a good investment for you.

What is AirSwap?

AirSwap is a decentralized exchange (DEX) where you can trade ERC20 tokens – crypto designed and used solely on the Ethereum platform – for other ERC20 tokens quickly and with fewer fees.

Decentralized exchanges are an increasingly popular part of the DeFi ecosystem as they are cheaper and less prone to risk from centralized organizations.

What is AirSwap coin?

AirSwap has its own native token, the AirSwap Token (AST), which is mostly designed to incentivize market makers (aka liquidity providers). These are traders on the AirSwap decentralized exchange that provide liquidity to the platform in the form of their spare cryptocurrencies. In exchange, they get a percentage of exchange fees in the form of AST.

AirSwap coin holders also have voting power over the platform, meaning they can vote to enact certain changes to the system as needed. This gives AirSwap a degree of flexibility to its economic model.

AirSwap coin price

There’s a total fixed supply of 500 million AST tokens. Of these, 150 million AST was sold in October 2018 for 119,511.44 ETH.

Coming from an all-time low of $0.00718622 (from back in March 2020), AST started picking up in price by the end of May 2020 and continued to do so until the end of the year. 

As of writing, the AirSwap coin price is at $0.1515 per unit. This represents a 775.72% increase in value from 12 months ago. In January of 2021, the price had already risen 109.254%.

Is AirSwap coin a good investment? 

Probably the biggest reason for the popularity of AirSwap (and by extension, its AirSwap coin) is that it lets you exchange crypto without heavy fees. As DeFi protocols based on Ethereum become more popular, the demand for swapping Ethereum-based coins quickly and cheaply has increased dramatically.

The AirSwap cryptocurrency also known as AST, or the AirSwap Token is used to incentivize market makers on the platform.
The AirSwap cryptocurrency also known as AST, or the AirSwap Token is used to incentivize market makers on the platform

Even back in 2018 when it started, many crypto experts believed that AirSwap had the potential to become one of the biggest if not the biggest decentralized exchange on the market.

AirSwap is very user friendly, which also contributes to its popularity. Its primary objective appears to be to attract large market makers, especially large financial firms that want to enter the cryptocurrency market. 

What is the future of AirSwap coin?

Given the current state of the DeFi market, and the continuing popularity of cryptocurrencies in general, investing in AirSwap tokens right now should be worth looking into.

AirSwap continues to add features and improvements to its trading platform. The company remains fairly active and has announced the launch of a brand new website. They are still launching additional incentives to get more folks to participate too.

With its mission to empower people with global, frictionless trade, the company is putting an immense focus on the security and safety of the traders and their assets. They may even have a greater focus on security today because of all the negative press they received back in 2019.

How to buy AirSwap tokens (AST) online

Some of the exchanges where you can buy AirSwap coins include:

  • Binance
  • Huobi
  • Liqui
  • OKEx
  • Gatecoin
  • Radar Relay
  • IDEX
  • EtherDelta
  • ForkDelta

It is not possible to buy AST in fiat currencies (such as USD, EUR, or GBP) right now.

With regards to the storage of your AirSwap tokens, as AST is an ERC20 token, you have a good number of options for storing your AirSwap coin safely. Some of these options include:

  • Mobile wallets such as Coinomi and Jaxx.
  • Browser wallets (such as Jaxx).
  • Desktop wallets like MyEtherWallet. Jaxx also has a desktop version for Windows, Linux, and Mac.
  • Hardware wallets such as Ledger Nano S and Trezor.
  • And of course on the AirSwap platform.

At the time of this writing, it appears that if you want to be a liquidity provider on AirSwap, you will have to contact them directly as per their FAQ.

Dip into AST without selling your crypto on MyConstant

Consider investing in AirSwap coin with MyConstant. Use your USD loans to get AirSwap tokens (AST) or any other 70+ cryptocurrencies available on the platform.
Consider investing in AirSwap coin with MyConstant. Use your USD loans to get AirSwap tokens (AST) or any other 70+ cryptocurrencies available on the platform

If you want to purchase AST but don’t want to sell up your crypto, you may want to get AST with a crypto-backed loan on MyConstant. With 70+ cryptocurrencies on the MyConstant platform, you can borrow against more options than almost any crypto-backed lender. We even let you pool your crypto portfolio for loans.

We also:

  • Source the best prices on exchanges for you.
  • Give you rates as low as 6.5%.
  • Are available to talk at any time of the day or night with our 24/7 customer service.
  • Offer interest on any BTC, BNB, or ETH held in an account with us.

Interested? Sign up for a free account today.

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