Brand new, no-fee automated escrow service for any Ethereum token

[jayksofue]

Hi BitcoinTalk members,

I wanted to share a new, no-fee automated escrow service that is perfect for those of you who are looking to trade Ethereum tokens over the counter called AirSwap Trader (https://trader.airswap.io).

At a high-level, here's how the product works:

• The maker connects to Trader using an Ethereum wallet like MetaMask, Ledger, Portis, etc.
• The maker then creates an order for one side of the trade. Let's call it Token X, and he/she signs the approval for this token to be traded by the Trader contract
• If the maker knows his/her counterparty, the maker will put in the counterparty's wallet address, so only that specific wallet address can take the order.
• Once one side of the order is complete, the maker will share the order with the counterparty via a URL that links to that order.
• The taker can now review the order terms. If the taker is happy with the order terms, the taker will then sign within his/her wallet to complete the order.
• Once the taker signs the order, the Trader contract executes the order (so long as the tokens are still available for trading from the respective wallets).

This is all done without any trading fees, and any Ethereum token can be traded via the token's contract address.

Here is a deeper dive on the Trader product: https://medium.com/fluidity/introducing-airswap-trader-63a0ef9e67c0

Here is the Trader contract on Etherscan: https://etherscan.io/address/0x54d2690e97E477a4b33f40d6e4AFdd4832C07c57

Please let me know if you have any questions.

Thanks,
Jay Kurahashi-Sofue, Marketing at AirSwap

[shaw1]

So how does your service make money?

I get that smart contracts can be built without, but if you are "marketing" at airswap, then obviously someone is paying your salary.

Would be good to know how the service *does* make money.

[OmegaStarScream]

So how does your service make money?

I get that smart contracts can be built without, but if you are "marketing" at airswap, then obviously someone is paying your salary.

Would be good to know how the service *does* make money.

The team already answered that. Even though it's being more than a year, it's still valid because they still have enough capital.

With Mike Novogratz on their Advisory board, I wouldn't be concerned about their legitimacy If that's what your question is about.

[jayksofue]

So how does your service make money?

I get that smart contracts can be built without, but if you are "marketing" at airswap, then obviously someone is paying your salary.

Would be good to know how the service *does* make money.

AirSwap is venture under Fluidity (https://fluidity.io); AirSwap has no trading fees, as we believe a truly frictionless experience will help facilitate network growth. At the moment, the AirSwap Token is used by makers on the network for every intent to trade (250 AST is required to be staked per trade intent).

[shaw1]

So how does your service make money?

I get that smart contracts can be built without, but if you are "marketing" at airswap, then obviously someone is paying your salary.

Would be good to know how the service *does* make money.

The team already answered that. Even though it's being more than a year, it's still valid because they still have enough capital.

With Mike Novogratz on their Advisory board, I wouldn't be concerned about their legitimacy If that's what your question is about.

Basically the long and the short of it.
Appreciate the link.

So how does your service make money?

I get that smart contracts can be built without, but if you are "marketing" at airswap, then obviously someone is paying your salary.

Would be good to know how the service *does* make money.

AirSwap is venture under Fluidity (https://fluidity.io); AirSwap has no trading fees, as we believe a truly frictionless experience will help facilitate network growth. At the moment, the AirSwap Token is used by makers on the network for every intent to trade (250 AST is required to be staked per trade intent).

Appreciate the response.
Was checking out your "instant" airswap.

Would that be safe to be considered a decentralized Shapeshift, and would you also need to stake AST to partake in that?
Given that you're a taker, rather than a maker, I would guess no, on the staking?