[AST] 🔥 AIRSWAP: Peer-to-peer Decentralized Marketplace backed by ConsenSys

[Bdstar]

We would like to introduce AirSwap, and its native token AST, launching in a white listed sale on October 10, 2017. If you’d like to participate, please join our Telegram channel for white listing details at https://t.me/airswapofficial

AirSwap Token Launch

What is AirSwap

AirSwap is a decentralized token Marketplace based on the Swap protocol whitepaper. Swap provides a decentralized trading solution based on a peer-to-peer design. The design solves two problems encountered in a peer-to-peer trading environment: counterparty discovery and pricing suggestions.

AirSwap core services include a searchable index of traders with “intent to trade” and a pricing oracle. For those looking to trade ERC20 tokens, the Index will be a destination to advertise that you’d like to trade and to search for others looking to trade. Once matched, traders connect and interact directly. To assist with the pricing process, the Oracle provides pricing suggestions, generated from multiple data sources. Once agreed on price, one trader makes an order and the second takes and submits the order to an Ethereum smart contract for settlement.

Demo Video

AirSwap is also building a web application for traders to interact with the Index, connect to other traders, and make trades on the Ethereum blockchain. We aim to have a closed beta of this running later this quarter.

Why Peer-to-Peer

Fast and Scalable
Because orders are not passed to through a public order book, there is no “state” to update, and therefore no cost. Additionally, since orders are communicated to peers who have already requested orders, cancels will become a much less likely occurrence than on a public order book.  On classic centralized exchanges, order to execution ratios often go above 20 to 1, which is untenable on a blockchain-based order book.

Private
In a peer-to-peer network, orders are passed privately between peers, allowing users to privately negotiate. This is beneficial to market makers, as publishing orders to a public order book leaves them subject to “bad order flow”, a common practice where aggressive participants will pick off market makers that are not able to update their orders quickly enough. Because orders are communicated privately and not through a public order book, market makers are likely to prefer our design over others.

No Front-running
By avoiding the use of order books, and because orders are communicated directly to the peers who requested them, our design is not subject to miner front-running, a limitation present in many decentralized trading designs. In a peer-to-peer design there is nothing to front-run.

Liquidity Profiles
Order books are best suited for highly liquid assets that trade tens of thousands of times per day.  It is our thesis that most ERC20 tokens will not trade with these characteristics, and therefore, will trade in a more similar fashion to other illiquid products, such as corporate bonds, penny stocks, and FX. All three of these asset classes trade on peer-to-peer networks.

AirSwap Token Launch

The AirSwap Token is a utility token that provides traders access to AirSwap features and services. We are undergoing to a thorough design and review process at the moment and will be updating this thread as we publish details in the near future.

We would be pleased for you to join us at our token launch on October 10. There will be a white list registration process which we will reveal through our Telegram channel soon: https://t.me/airswapofficial.

The hard cap is 150,000 ETH.  

Token Price
• 1 AST will be sold for 0.001 ETH.
• 150M AST will be sold of 500M total supply

Token Distribution
• 15% sold in Presale
• 2% sold in Beta Tester Sale
• 13% sold in Main Sale
• 10% to Advisors and Partners
• 10% to Founders, vesting quarterly over 4 years
• 10% for New Partnerships
• The remaining 40% will be locked for a minimum of 6 months

Token Allocation
• 50% Research and Development
• 30% Marketing
• 20% Compliance

Restrictions
• Chinese citizens will not be permitted in the public sale
• Sales are only made for ether
• Tokens will be tradable 1 week after public sale

Connect with AirSwap

WEBSITE | SWAP PROTOCOL WHITEPAPER | TEAM | TWITTER | FACEBOOK | TELEGRAM

[wancho]

Coin info, and p2p less transaction fee or no transaction fee?

[Bdstar]

Coin info, and p2p less transaction fee or no transaction fee?

Tokens info added and there is no transaction fees.

Thanks

[Capitanike]

What about bounty?

[Bdstar]

What about bounty?

There won't be any bounty

[gold969]

 if I understand correctly, it will be convenient for those assets that are not traded on stock exchanges, otherwise the transaction on the stock exchange is much easier and faster.

[Bdstar]

 if I understand correctly, it will be convenient for those assets that are not traded on stock exchanges, otherwise the transaction on the stock exchange is much easier and faster.

This is for the exchange of erc20 tokens, stock exchanges are a different asset type. 
If stocks become tokenized, AirSwap promises 0 transaction fees.

[wancho]

No bounty no Airdrop ? just sale?

hard to promote this, ICO then

[cuddlefish]

No bounty no Airdrop ? just sale?

hard to promote this, ICO then

Agree,  the bounty is very helpful to promote the ICO
Or maybe the dev already make promotion in another way
Which dev think will help airswap ICO success

[disconnectme]

Another COnsensys face on this project but for me I don't see value in the project, looking at the amount of tokens they are looking to sell to investors now and leaving the remaining to themselves, this type of distribution model seems to be gaining traction and people are buying into this

[wiredideas]

Marketing nowadays is all about getting the word out in social media.  Don't do social media? You don't do success.

[Bdstar]

Marketing nowadays is all about getting the word out in social media.  Don't do social media? You don't do success.

Twitter

1473 Followers

Facebook page

Around 1k likes

Telegram Channel

Over 500 members

Telegram community group

Over 1200 Members

The Team is working hard and great response from crypto community as well. I think there won't be any fee tokens and you will see why 'Right after the token sale' !

[xx63245613]

This project looks good, but it's too greedy, and only 30% of the public sales need 150K ETH.

[fengxia]

This project looks good, but it's too greedy, and only 30% of the public sales need 150K ETH.

Agree.I don't know why the team dares to leave the remaining 40 of its share.The valuation is too high

[Kennedy]

already joined Telegram community group,but i cann say anything ,its a read-only group . i want to ask a question ,any bounty campaign ?

[Bdstar]

already joined Telegram community group,but i cann say anything ,its a read-only group . i want to ask a question ,any bounty campaign ?

There won't be any bounty. Join us at the telegram community group for discussion https://t.me/airswap !

[Ilmiyati]

this is very good to follow, although there is no bounty or ICO that will really support this, but this project promises there will be no fees in the transaction, this is enough for early promotion, very good, good luck

[Bdstar]

Hi, I cannot post any comment after joining the telegram group.
My question is that what's the difference from other DEXs.
Is your service more simple?

You should watch this video,

https://www.youtube.com/watch?v=lx6rq0dbcDE

[ifyousmell]

What about bounty?

There won't be any bounty

it is an  decentralized exchange that you are building, if it is very user friendly and secure people will use it to exchange coins, there seems no need for a new coin

[Bdstar]

it is an  decentralized exchange that you are building, if it is very user friendly and secure people will use it to exchange coins, there seems no need for a new coin

There are no fees on the platform, we thought introducing a third party fee would be against the ethos of peer-to-peer.  We have designed our own native token to play a fundamental role in our ecosystem and we will use the proceeds to further develop the decentralized trading platform.

[statdude]

I'm interested but these valuations are getting ridiculous.

Not to mention the "remaining 40%" - nowhere does it specify what happens to these tokens. Are they kept by team, or what? Also, has the presale already taken place?

Love the Virtu hype but this presale is not living up to the example set by 0x (not without faults) so far.

"Token Distribution
• 15% sold in Presale
• 2% sold in Beta Tester Sale
• 13% sold in Main Sale
• 10% to Advisors and Partners
• 10% to Founders, vesting quarterly over 4 years
• 10% for New Partnerships
• The remaining 40% will be locked for a minimum of 6 months"

[Bdstar]

[btcthm]

I'm interested but these valuations are getting ridiculous.

Not to mention the "remaining 40%" - nowhere does it specify what happens to these tokens. Are they kept by team, or what? Also, has the presale already taken place?

Love the Virtu hype but this presale is not living up to the example set by 0x (not without faults) so far.

"Token Distribution
• 15% sold in Presale
• 2% sold in Beta Tester Sale
• 13% sold in Main Sale
• 10% to Advisors and Partners
• 10% to Founders, vesting quarterly over 4 years
• 10% for New Partnerships
• The remaining 40% will be locked for a minimum of 6 months"

I have same question.
"The remaining 40% will be locked for a minimum of 6 months"
Use for AIRSWAP ecosystem or what?

[Bdstar]

I have same question.
"The remaining 40% will be locked for a minimum of 6 months"
Use for AIRSWAP ecosystem or what?

We may need another way to engage with partners, service providers, contractors, etc. We can't totally see what the future looks like so are operating under the assumption that it'll be in the company's interest to hold some tokens on reserve. The reserve tokens are held in a multi signature wallet that requires confirmations from several AirSwap stakeholders, including ConsenSys.

[anglais]

Based on the numbers you value the token at $150m market cap before anything is even launched. Why are you insisting on such a huge raise? Non-ICO startups are putting together billion dollar companies for a fraction of your intended $45m raise.

I just wish somebody would step up and do a sensible $5m raise for 90% of the tokens. Otherwise this whole industry will burn out before end of the year.

[anglais]

We may need another way to engage with partners, service providers, contractors, etc. We can't totally see what the future looks like so are operating under the assumption that it'll be in the company's interest to hold some tokens on reserve. The reserve tokens are held in a multi signature wallet that requires confirmations from several AirSwap stakeholders, including ConsenSys.

You should be using your own tokens to bring on future shareholders and partners. The same as any other business owner has to give away their shares to expand the company. Just be up front and say you're keeping 50% of tokens and investors will be less skeptical.

[Diezal32]

Maybe I missed it but what's the value in the token? If there's no fees and you don't necessarily need this token to exchange two other tokens, how does this token gain value in the marketplace?

Just curious. Thanks

[TokensFund.io]

Airswap has been listed to http://tokensfund.io/

https://twitter.com/TokensFund/status/913697540154859520

Join our telegram channel : https://t.me/joinchat/F75vLw5llwDntWoGd3SZwg

Thanks!

[alanwang111]

greedy team

[ERIC_CRYPTOMANIAC]

Based on the numbers you value the token at $150m market cap before anything is even launched. Why are you insisting on such a huge raise? Non-ICO startups are putting together billion dollar companies for a fraction of your intended $45m raise.

I just wish somebody would step up and do a sensible $5m raise for 90% of the tokens. Otherwise this whole industry will burn out before end of the year.

 Agreed.150 milions!!! incredible greed.I'm out

[iwebvn20]

i think twitter bounty is best , i can follow and like this project , look promising project .

[dectcoin]

it's a native tokens but not basic on the Ethereum system?
as a native tokens always was hard to develop than the asset basic the Ethereum system

[art3719]

• 15% sold in Presale
• 2% sold in Beta Tester Sale

Could you please clarify how much funds (ETH/USD) did you raise at Presale

TY

[mexi.db]

Are there any platforms that already implement this protocol? Is the beta testing group closed?

[bineva17]

Based on the numbers you value the token at $150m market cap before anything is even launched. Why are you insisting on such a huge raise? Non-ICO startups are putting together billion dollar companies for a fraction of your intended $45m raise.

I just wish somebody would step up and do a sensible $5m raise for 90% of the tokens. Otherwise this whole industry will burn out before end of the year.

I've been following this project for a long time but yes, the golden age of ICO is over. Paticipating in a $150m marketcap project at the beginning will lead to huge dump for sure.

[Bdstar]

[Lisk_beginner]

Interesting for speculation.
I think that will be as Kyber, chainlink, *3

[justbruce]

Hi BDStar and rest of the Airswap team. I recently became acquainted with the Airswap initiative and am both enthusiastic and skeptical about the longer term prospects for the project.  I have worked in and near capital markets for many years and certainly get your vision and recognize the need to create exchanges that are fair and prevent front-running and abuse, especially in unregulated spaces such as trading ERC20 tokens.  I also recognize that the protocol, in its current form, is meant only to be a starting point.  

Still it seems to me that the protocol is very simplistic and that there is either a whole lot of handwaving going or a lot of thought that has not yet been made public to get around concerns that I believe would be obvious to many people with trading/market making experience.  Or I'm simply an idiot and just don't get it.  

My primary concern is that participants have to trust the indexer.  The indexer is in a position to delay or simply not forward some or all messages (i.e. foundintent) to some participants.  Furthermore, there is nothing that prevents the indexer from also acting as a taker or maker (or colluding with makers/takers).  This means that the indexer can leverage its position as "man in the middle" to front run order flow.  I'm happy to provide specific examples of how I would do this if I were the indexer if you want but I doubt this is necessary.  So my questions for you would be "Am I completely missing something here?" and if not, "What steps are you taking to ensure that the indexer doesn't cheat?"  (edit: by "cheat" I mean by play by the rules which to me means acting in such a way that all participants have a level playing field).

[art3719]

Hi BDStar and rest of the Airswap team. I recently became acquainted with the Airswap initiative and am both enthusiastic and skeptical about the longer term prospects for the project.  I have worked in and near capital markets for many years and certainly get your vision and recognize the need to create exchanges that are fair and prevent front-running and abuse, especially in unregulated spaces such as trading ERC20 tokens.  I also recognize that the protocol, in its current form, is meant only to be a starting point.  

Still it seems to me that the protocol is very simplistic and that there is either a whole lot of handwaving going or a lot of thought that has not yet been made public to get around concerns that I believe would be obvious to many people with trading/market making experience.  Or I'm simply an idiot and just don't get it.  

My primary concern is that participants have to trust the indexer.  The indexer is in a position to delay or simply not forward some or all messages (i.e. foundintent) to some participants.  Furthermore, there is nothing that prevents the indexer from also acting as a taker or maker (or colluding with makers/takers).  This means that the indexer can leverage its position as "man in the middle" to front run order flow.  I'm happy to provide specific examples of how I would do this if I were the indexer if you want but I doubt this is necessary.  So my questions for you would be "Am I completely missing something here?" and if not, "What steps are you taking to ensure that the indexer doesn't cheat?"

Really nice question!
But looks like nobody cares...

[justbruce]

Thanks.  Not very surprising that no-one on the official Airswap channel cares.  It seems this ICO is really more about the team than the underlying technology or protocol.  The team is obviously smart and has an impressive background.  Given the backing of Consensys, the positive coverage from outlets like BBG that focuses on the team and not on their simplistic approach to a very difficult problem, there is no doubt in my mind that the founders will get their $15 million at a $150 million valuation.  I'm a bit more skeptical that they will actually pull off the tech. part.

Still, I'm investing in the tokens because I'll need them to access the platform.  I see an enormous trading opportunity to take advantage of all the free vol. that the market makers will be providing to the takers.  The protocol, in its current form at least, requires all market makers to write free calls and puts, albeit very short-dated ones in order to trade i.e. a cryptographically binding agreement to buy or sell some quantity of a token at a fixed price up until some point in the future is really just an option.  Yes technically they can cancel, but this costs gas and requires luck with the timing when competing against the takers who undoubtedly will be exercising them during sudden market moves.  It would be great if someone from the Airswap team could tell me what I'm missing or why this doesn't matter.

I believe there are other problems with the protocol too, that should be obvious to many, but as you said nobody seems to care....

cheat?"

Really nice question!
But looks like nobody cares...
[/quote]

[ovedm606]

Oved here-- Of course we care, and really sorry for the late response, things are pretty crazy as you can imagine.  Always happy to engage and I especially enjoy speaking with people that have strong experience in financial markets.  You've pointed out two of the considerations in the design that we have thought about pretty extensively.  Happy to try to answer, and feel free to ask any follow ups.

The Indexer is a location to search for other counterparties, whether the counterparty can be defined in any number of ways (a market maker, retail, even an order book).  There is no pricing information stored in the Indexer.  You only need the indexer to find counterparties, and once they are found, you can connect directly to parties and negotiate prices privately peer-to-peer.  This is similar to Google, where you will use Google to find a website, but once the website is found, there is no need for Google anymore. 

You are right that in it's current form the Indexer may filter current results.  They may require KYC, they may not allow certain countries.  This is probably a feature that you would want to remove certain bad actors from the system. 

The downside of this is that there may be collusion between makers and indexers as you describe, but in our opinion that isn't very damaging.  All this will do is remove the ability for certain parties to quote and trade with each other, and if that occurs, they can likely find counterparties elsewhere, and still have the ability to analyze the pricing information they receive on later steps through the process. I believe the manipulation you describe IS very damaging in the case where pricing information is being manipulated in the order book itself.  That has direct implications to pricing, whereas manipulation of counterparty discovery is less clear.

We are considering other methods of making the Indexer more transparent, for example broadcasting or moving certain functions on-chain, but haven't found this to be a show stopper just yet so we probably need to test and gather feedback.  Yours is of course well received.

The "free option" problem is a known problem in financial markets and we made the design consideration of giving takers this free option, because makers are likely better positioned to price this risk in.  If we gave the free option to makers, IMO that would create a less fair system as takers may be less sophisticated to be able to price this in.  As you mention, the maker can always race to the chain to cancel if the price moves far away from value.  Again, this is a known problem and there are exit conditions that will allow the maker to mitigate their risk.

Also, if you are seeking to exploit these free options and connect to many makers, you won't need to hold the AST token, as holding the token is only required to write (not read) to the Indexer

Hope this helps and feel free to ask any follow ups, I'll get to them as soon as possible.

Thank you,

Michael Oved

[seanzhang]

For those interested in asking more questions you can speak with a big community and the tem in Telegram > https://t.me/airswap

Nice and easy way to keep up to date with whats happening!

[justbruce]

Hi Michael,

Thanks for taking the time to respond, especially during such a busy time, and also thank you for pointing out that I don’t need to purchase the token to get access to the free options :-).

I completely agree with you that being able to manipulate pricing information would clearly be very damaging and recognize that the protocol take steps to prevent that.  However, I still believe the protocol leaves room for front-running.  For example, if I’m an indexer and also running a taker and determine that there is a particular maker or small subset of makers that is offering consistently better pricing than the others, I may choose not to call foundIntent on new takers (or some small subset of takers to reduce the chance of detection) for that set of makers.  Instead, I will call foundIntent with all the other makers along with a maker that I run.  My maker will simply relay getPrice calls onto the makers offering better pricing, take their best price, mark it up a bit, and then return that to the takers, effectively front-running them. I think it’s reasonable to assume that there will be makers offering pricing better than what the oracle is returning, so there would be room for me to do this and still be inline with oracle pricing.

Regarding the free option problem, I am certainly not advocating giving the option to the makers.  After doing some further reflection and back of the envelope calculation agree that this risk could be priced with minimal impact on spreads, at least for smaller orders and assume that marker makers will do so.  I also assume market makers will implement some sort of throttling based on taker addresses that will hamper my ability to purchase unlimited options.  So I see the free vol. problem both as a less of a concern and less of an opportunity at this point.

My other concerns had to do with lack of transparency into the oracle protocol but I assume that more information will be coming in time and look forward to reading it.

Finally, according to the roadmap, the smart contract will be ready on or around October 10th.  I just wanted to confirm that anyone with a mechanism to bring makers and takers together outside of the official Airswap indexer would be free to use the contract for settlement from that date on or is something else required?

Thanks again for your original reply and no need to get back to me on this one anytime soon as I understand you are busy.

Oved here-- Of course we care, and really sorry for the late response, things are pretty crazy as you can imagine.  Always happy to engage and I especially enjoy speaking with people that have strong experience in financial markets.  You've pointed out two of the considerations in the design that we have thought about pretty extensively.  Happy to try to answer, and feel free to ask any follow ups.

The Indexer is a location to search for other counterparties, whether the counterparty can be defined in any number of ways (a market maker, retail, even an order book).  There is no pricing information stored in the Indexer.  You only need the indexer to find counterparties, and once they are found, you can connect directly to parties and negotiate prices privately peer-to-peer.  This is similar to Google, where you will use Google to find a website, but once the website is found, there is no need for Google anymore. 

You are right that in it's current form the Indexer may filter current results.  They may require KYC, they may not allow certain countries.  This is probably a feature that you would want to remove certain bad actors from the system. 

The downside of this is that there may be collusion between makers and indexers as you describe, but in our opinion that isn't very damaging.  All this will do is remove the ability for certain parties to quote and trade with each other, and if that occurs, they can likely find counterparties elsewhere, and still have the ability to analyze the pricing information they receive on later steps through the process. I believe the manipulation you describe IS very damaging in the case where pricing information is being manipulated in the order book itself.  That has direct implications to pricing, whereas manipulation of counterparty discovery is less clear.

We are considering other methods of making the Indexer more transparent, for example broadcasting or moving certain functions on-chain, but haven't found this to be a show stopper just yet so we probably need to test and gather feedback.  Yours is of course well received.

The "free option" problem is a known problem in financial markets and we made the design consideration of giving takers this free option, because makers are likely better positioned to price this risk in.  If we gave the free option to makers, IMO that would create a less fair system as takers may be less sophisticated to be able to price this in.  As you mention, the maker can always race to the chain to cancel if the price moves far away from value.  Again, this is a known problem and there are exit conditions that will allow the maker to mitigate their risk.

Also, if you are seeking to exploit these free options and connect to many makers, you won't need to hold the AST token, as holding the token is only required to write (not read) to the Indexer

Hope this helps and feel free to ask any follow ups, I'll get to them as soon as possible.

Thank you,

Michael Oved

[ovedm606]

That is a really neat edge case on Indexer and taker colluding, I now see the ability to manipulate and arb the most aggressive makers in the system.  It's funny because we socialized the idea in many Ethereum meet ups (SF, Seoul, Hong Kong, Singapore, Tokyo, Paris, Boston) but did not receive this feedback, although we did receive feedback on the Oracle protocol (more on that below).   

Because the Indexer should be public locations where users can broadcast and find information, I believe collusion would be easy to audit and discover abuse by makers.  So if for example a maker is publishing intent, they should be able to run an independent taker that would check to see and find that intent.  If they find the indexer is being manipulated, they can choose to find and support a different party that they believe is more fair. 

Glad to hear we are on the same page wrt free option.

The Oracle protocol will likely need to be open source and transparent.  This was one of the main pieces of feedback we received on our tour and so we incorporated new functionality into the AirSwap Token (AST) where holders can vote on Oracle updates.  While this mechanism will be challenging to implement, we think it will be necessary to achieve transparency and also can have some really positive benefits on the future of trading as a whole. For example, what if market making algorithms were inserted directly into Oracles, and users were simply able to use this pricing to trade peer to peer at "fair value" and with all things "priced in" without the need for expensive market making algorithms to be written and run independently by parties in the system?  I know this is slightly counterintuitive to competitive financial markets and somewhat utopian, but I believe that if the Oracle system is implemented correctly it has the opportunity to create a new paradigm where markets are truly peer-to-peer and fair (who really cares about getting an extra 0.0001 on a trade?  retail players certainly don't).

You are correct that the decentralized exchange contract will be free to use by anyone in the ecosystem, and will not be tied down with a fee or the requirement to be connected to Indexers.

Hi Michael,

Thanks for taking the time to respond, especially during such a busy time, and also thank you for pointing out that I don’t need to purchase the token to get access to the free options :-).

I completely agree with you that being able to manipulate pricing information would clearly be very damaging and recognize that the protocol take steps to prevent that.  However, I still believe the protocol leaves room for front-running.  For example, if I’m an indexer and also running a taker and determine that there is a particular maker or small subset of makers that is offering consistently better pricing than the others, I may choose not to call foundIntent on new takers (or some small subset of takers to reduce the chance of detection) for that set of makers.  Instead, I will call foundIntent with all the other makers along with a maker that I run.  My maker will simply relay getPrice calls onto the makers offering better pricing, take their best price, mark it up a bit, and then return that to the takers, effectively front-running them. I think it’s reasonable to assume that there will be makers offering pricing better than what the oracle is returning, so there would be room for me to do this and still be inline with oracle pricing.

Regarding the free option problem, I am certainly not advocating giving the option to the makers.  After doing some further reflection and back of the envelope calculation agree that this risk could be priced with minimal impact on spreads, at least for smaller orders and assume that marker makers will do so.  I also assume market makers will implement some sort of throttling based on taker addresses that will hamper my ability to purchase unlimited options.  So I see the free vol. problem both as a less of a concern and less of an opportunity at this point.

My other concerns had to do with lack of transparency into the oracle protocol but I assume that more information will be coming in time and look forward to reading it.

Finally, according to the roadmap, the smart contract will be ready on or around October 10th.  I just wanted to confirm that anyone with a mechanism to bring makers and takers together outside of the official Airswap indexer would be free to use the contract for settlement from that date on or is something else required?

Thanks again for your original reply and no need to get back to me on this one anytime soon as I understand you are busy.

Oved here-- Of course we care, and really sorry for the late response, things are pretty crazy as you can imagine.  Always happy to engage and I especially enjoy speaking with people that have strong experience in financial markets.  You've pointed out two of the considerations in the design that we have thought about pretty extensively.  Happy to try to answer, and feel free to ask any follow ups.

The Indexer is a location to search for other counterparties, whether the counterparty can be defined in any number of ways (a market maker, retail, even an order book).  There is no pricing information stored in the Indexer.  You only need the indexer to find counterparties, and once they are found, you can connect directly to parties and negotiate prices privately peer-to-peer.  This is similar to Google, where you will use Google to find a website, but once the website is found, there is no need for Google anymore. 

You are right that in it's current form the Indexer may filter current results.  They may require KYC, they may not allow certain countries.  This is probably a feature that you would want to remove certain bad actors from the system. 

The downside of this is that there may be collusion between makers and indexers as you describe, but in our opinion that isn't very damaging.  All this will do is remove the ability for certain parties to quote and trade with each other, and if that occurs, they can likely find counterparties elsewhere, and still have the ability to analyze the pricing information they receive on later steps through the process. I believe the manipulation you describe IS very damaging in the case where pricing information is being manipulated in the order book itself.  That has direct implications to pricing, whereas manipulation of counterparty discovery is less clear.

We are considering other methods of making the Indexer more transparent, for example broadcasting or moving certain functions on-chain, but haven't found this to be a show stopper just yet so we probably need to test and gather feedback.  Yours is of course well received.

The "free option" problem is a known problem in financial markets and we made the design consideration of giving takers this free option, because makers are likely better positioned to price this risk in.  If we gave the free option to makers, IMO that would create a less fair system as takers may be less sophisticated to be able to price this in.  As you mention, the maker can always race to the chain to cancel if the price moves far away from value.  Again, this is a known problem and there are exit conditions that will allow the maker to mitigate their risk.

Also, if you are seeking to exploit these free options and connect to many makers, you won't need to hold the AST token, as holding the token is only required to write (not read) to the Indexer

Hope this helps and feel free to ask any follow ups, I'll get to them as soon as possible.

Thank you,

Michael Oved

[cchub]

This project seems to be quite promising. I'll take a closer look at it.
I believe they should have made use of bounty promotion as well, so that the community can spread out the word about it more and more.

[ICOHunt]

What will the total token supply be?

[newfagelite]

Don't understand the amount of hardcap... Anyway, hope i will make it to the whitelist 

[justbruce]

Hi Michael,

Congratulations on the successful pre-sale.

I agree it’s an edge case and there are straightforward steps that could be taken to detect this.  Of course, if this sort of attack was not on your radar screen you may not choose to take these steps or if even you detected such behaviour (especially in the case where this was performed in a random manner on a small subset of takers) you may just chalk it up to a system glitch/capacity problem and continue to do business with the indexer….

The Oracle protocol is one of the most interesting parts of this projects for me and I look forward to learning more about the algorithm as it develops.

It's good to know that the contract will be available to the entire ecosystem and not tied down with a fee.  I could imagine someone offering an algo that accessed the liquidity available across multiple indexers (both as a maker and taker) or perhaps a trading front end that built an “order book” with all the various maker quotes and allowed the end user to click and trade off of it. 

Unless my understanding of the how the smart contract works is incorrect, I believe this would entail entrusting the algo/trading application with a private key that gave it unconditional access to your ERC20 tokens.  However, I imagine the contract could be extended to optionally associate funds with a separate key (different from the actual address which held the tokens) and this key could be only be used to authorize exchanges with some subset of other tokens up or down to some limit price.  Is this something that makes sense or are you working on something else that would enable you to access/trade indexer liquidity through a third party application or service without having to trust that service with your wallet  key?

That is a really neat edge case on Indexer and taker colluding, I now see the ability to manipulate and arb the most aggressive makers in the system.  It's funny because we socialized the idea in many Ethereum meet ups (SF, Seoul, Hong Kong, Singapore, Tokyo, Paris, Boston) but did not receive this feedback, although we did receive feedback on the Oracle protocol (more on that below).   

Because the Indexer should be public locations where users can broadcast and find information, I believe collusion would be easy to audit and discover abuse by makers.  So if for example a maker is publishing intent, they should be able to run an independent taker that would check to see and find that intent.  If they find the indexer is being manipulated, they can choose to find and support a different party that they believe is more fair. 

Glad to hear we are on the same page wrt free option.

The Oracle protocol will likely need to be open source and transparent.  This was one of the main pieces of feedback we received on our tour and so we incorporated new functionality into the AirSwap Token (AST) where holders can vote on Oracle updates.  While this mechanism will be challenging to implement, we think it will be necessary to achieve transparency and also can have some really positive benefits on the future of trading as a whole. For example, what if market making algorithms were inserted directly into Oracles, and users were simply able to use this pricing to trade peer to peer at "fair value" and with all things "priced in" without the need for expensive market making algorithms to be written and run independently by parties in the system?  I know this is slightly counterintuitive to competitive financial markets and somewhat utopian, but I believe that if the Oracle system is implemented correctly it has the opportunity to create a new paradigm where markets are truly peer-to-peer and fair (who really cares about getting an extra 0.0001 on a trade?  retail players certainly don't).

You are correct that the decentralized exchange contract will be free to use by anyone in the ecosystem, and will not be tied down with a fee or the requirement to be connected to Indexers.

Oved here-- Of course we care, and really sorry for the late response, things are pretty crazy as you can imagine.  Always happy to engage and I especially enjoy speaking with people that have strong experience in financial markets.  You've pointed out two of the considerations in the design that we have thought about pretty extensively.  Happy to try to answer, and feel free to ask any follow ups.

The Indexer is a location to search for other counterparties, whether the counterparty can be defined in any number of ways (a market maker, retail, even an order book).  There is no pricing information stored in the Indexer.  You only need the indexer to find counterparties, and once they are found, you can connect directly to parties and negotiate prices privately peer-to-peer.  This is similar to Google, where you will use Google to find a website, but once the website is found, there is no need for Google anymore. 

You are right that in it's current form the Indexer may filter current results.  They may require KYC, they may not allow certain countries.  This is probably a feature that you would want to remove certain bad actors from the system. 

The downside of this is that there may be collusion between makers and indexers as you describe, but in our opinion that isn't very damaging.  All this will do is remove the ability for certain parties to quote and trade with each other, and if that occurs, they can likely find counterparties elsewhere, and still have the ability to analyze the pricing information they receive on later steps through the process. I believe the manipulation you describe IS very damaging in the case where pricing information is being manipulated in the order book itself.  That has direct implications to pricing, whereas manipulation of counterparty discovery is less clear.

We are considering other methods of making the Indexer more transparent, for example broadcasting or moving certain functions on-chain, but haven't found this to be a show stopper just yet so we probably need to test and gather feedback.  Yours is of course well received.

The "free option" problem is a known problem in financial markets and we made the design consideration of giving takers this free option, because makers are likely better positioned to price this risk in.  If we gave the free option to makers, IMO that would create a less fair system as takers may be less sophisticated to be able to price this in.  As you mention, the maker can always race to the chain to cancel if the price moves far away from value.  Again, this is a known problem and there are exit conditions that will allow the maker to mitigate their risk.

Also, if you are seeking to exploit these free options and connect to many makers, you won't need to hold the AST token, as holding the token is only required to write (not read) to the Indexer

Hope this helps and feel free to ask any follow ups, I'll get to them as soon as possible.

Thank you,

Michael Oved

[jiya jaena]

no plan about bounties sir? i'm waiting for this information. 

[hammo]

I have registered to whitelist and i want to buy this token. Is there any way to buy more ?

[TokensFund.io]

I have registered to whitelist and i want to buy this token. Is there any way to buy more ?

I guess only exchanges. I heard about 10k people registered for the AirSwap white list on first day.

[Syroamst]

We rated AirSwap as "High Interest" on ICO Drops (https://icodrops.com/airswap/). Do not forget to register on the Whitelist. It's only a little time left.

I think it will be "5 min Token Sale", because very small main sale cap (12m$)

[Granturismo777]

Registration is over! So quickly, much earlier term.
One more hype ICO.

[kellendil]

Registration is over! So quickly, much earlier term.
One more hype ICO.

I have registered the whitelist. When will it be clear when the application is accepted or rejected ? I hope it would not be a very low investment per person. It is realy profitable project.

[CryptoGatherer]

I have some questions. Is AirSwap an investment token or just a credit token? Seems more like a credit token. What’s in it for the investor? What is the upside for an investor?

[Granturismo777]

I have registered the whitelist. When will it be clear when the application is accepted or rejected ? I hope it would not be a very low investment per person. It is realy profitable project.

It is realy profitable project. After start trading into the exchange x2 - is minimum.
But unfortunately the number of registration has exceeded 15000 - thus individual hard cap <3 ETH

[kacakkipri]

I have registered the whitelist. When will it be clear when the application is accepted or rejected ? I hope it would not be a very low investment per person. It is realy profitable project.

It is realy profitable project. After start trading into the exchange x2 - is minimum.
But unfortunately the number of registration has exceeded 15000 - thus individual hard cap <3 ETH

You can not be serious. will the investment right really be that low?    I have read something about whitelist on Twitter today. They wrote the last day for your updates. I think it is important that your application is accepted or not. We can update accordingly.

[Granturismo777]

I have registered the whitelist. When will it be clear when the application is accepted or rejected ? I hope it would not be a very low investment per person. It is realy profitable project.

It is realy profitable project. After start trading into the exchange x2 - is minimum.
But unfortunately the number of registration has exceeded 15000 - thus individual hard cap <3 ETH

You can not be serious. will the investment right really be that low?    I have read something about whitelist on Twitter today. They wrote the last day for your updates. I think it is important that your application is accepted or not. We can update accordingly.

Last ifnormation



42 000 ETH / ~13 000 = 3,2 ETH individual hard cap

[dimitri]

looking forward to this one ... good luck devs

[sexcoyote]

They have reopened their whitelist for registered account.

[Granturismo777]

They have reopened their whitelist for registered account.

Don't tell nonsense. They have even reduced time of his formation by 1 day yesterday.
WhiteList it is closed finally.

[cointerstrike]

Projects which are using whitelists before ico, getting the same investment per person. The KyberNetwork project also gave the right to deposit 3,6 eth. Why do different projects generally have nearly same hard cap for investment? Do you have any information on this topic?

[Granturismo777]

Very informative article The Lay of the Land in Decentralized Exchange Protocols
Properties and algorithms of the decentralized exchanges are compared - AirSwap VS Bancor, 0x, Kyber.Network.
  

[memberx]

Is Airswap finally working similar to Etherdelta or how will the trading be done, via a platform or how is Peer 2 Peer meant for Airswap?

[BitPACK]

I have read today their presale investors got %10-30 bonus. It can be dangerous for us. I want to learn those bonuses are locked or not?

[btcthm]

Don't worry. 10~30% bonus is fine.
Some ICO even offer more bonus.

[Granturismo777]

Don't worry. 10~30% bonus is fine.
Some ICO even offer more bonus.

Discounts have been provided only to large wholesale buyers among whom there were funds. The ordinary crypto-user will hardly be able to dare to buy such large volume.

[Lisk_beginner]

If I understand, airswap will be traded 17 th october ?

[ekzjuperi]

If I understand, airswap will be traded 17 th october ?

yes, you're right

[sklogw]

Sounds nice.

[xzempt]

I am ready buying accounts which passed KYC for this ICO.

[Granturismo777]

Last information from Telegram



Individual hard cap = 3.3 ETH

[Scharko]

Hello everyone,
If anyone here needs some info on how to get an KYC passed account for this ICO feel free to contact me

[Granturismo777]

Hello everyone,
If anyone here needs some info on how to get an KYC passed account for this ICO feel free to contact me

SCAM!
Registered ETH-adress is impossible to change already.

[Scharko]

YES so i give u that ETH adress lol?

I made a new ether wallet for it...
such aggressive much wow

[Granturismo777]

YES so i give u that ETH adress lol?

I made a new ether wallet for it...
such aggressive much wow

Ha-ha)
Also you will control a private key of this wallet?

[Scharko]

Dude thats the point...

I would give u the private key...
I dont have any future use for that wallet

[Granturismo777]

Dude thats the point...

I would give u the private key...
I dont have any future use for that wallet

If you know a private key - you have the same access to a wallet, as well as that person, which you have given him.
As soon as this person transfers ETH for participation in ICO, you will steal them.
Don't play the fool!

[Scharko]

Ye ok ur so smart, as i said if anyone needs to get in pm me...
I may be a newbie but that doesnt equal a scammer
whatever evidence someone needs of my honesty i will kindly provide

[chikiuso]

What about bounty?

There won't be any bounty

it is an  decentralized exchange that you are building, if it is very user friendly and secure people will use it to exchange coins, there seems no need for a new coin

This one is so large and popular so they don't offer bounty, sorry to hear that

[Granturismo777]

Ye ok ur so smart, as i said if anyone needs to get in pm me...
I may be a newbie but that doesnt equal a scammer
whatever evidence someone needs of my honesty i will kindly provide

Then the person should entrust you 1000 dollars (individual hard cap 3.3 ETH) on the word of honor? U seriously?
Well ok, if there are such - it is very entertaining!

[AlloM]

Waiting impatiently launch of this crowdfunding I'm among whitelist participants this is good news. This project will become the trend setter in future.

[George_Token_Jr]

What will happen to the unsold tokens? I there gonna be 2nd tier?

[memberx]

What is the exact start of Token Sale tomorrow? Do we need to rush when we're whitelisted or will everyone be guaranteed the 3.3 ETH contribution?


thank you in advance

[azmojo]

What is the exact start of Token Sale tomorrow? Do we need to rush when we're whitelisted or will everyone be guaranteed the 3.3 ETH contribution?


thank you in advance

The AirSwap Token launch begins 10/10 @ 10:10:10 AM Eastern Time.

Looks like no rush since 3.3 cap gives everyone a chance.

[Opnsrc]

I tried hard to find bounty but nothing?
Guys, do you have bounty campaign???

[dishku]

I tried hard to find bounty but nothing?
Guys, do you have bounty campaign???

No there is no bounty campaign for this project so if you are interested than you have to wait till this will get listed on a exchange because whitelist has been completed.

There won't be any bounty

[Forumgeiq]

I lost all my trust on decentralized exchanges simply because you ask for money, for nothing. Show us something, just build something and you'll begin to earn from fees. You wouldn't really need a token.

[JustCauseBIH]

I lost all my trust on decentralized exchanges simply because you ask for money, for nothing. Show us something, just build something and you'll begin to earn from fees. You wouldn't really need a token.

How can you built something without money/investment?

[ms0000]

Could you pls explain: is it possible to transfer AST from one wallet to another during period 10-17 Oct? Tokens will be locked or you only mean that they will appear on exchanges at 17th Oct?

[TokensFund.io]

Could you pls explain: is it possible to transfer AST from one wallet to another during period 10-17 Oct? Tokens will be locked or you only mean that they will appear on exchanges at 17th Oct?

Nope, You won't be able to transfer tokens at that time.

[GriTBitS]

Many people complain about problems with sending. But my transaction passed quickly and successfully

[Granturismo777]

Many people complain about problems with sending. But my transaction passed quickly and successfully

My transaction also passed quickly and successfully.
In 6 hours at an individual hard cap have already redeemed 50% of tokens. And still to wait for 17 hours before end of the first window. The record of purchases in the first window belongs to 0x - 81% (in 24 hours).

[ggg999]

Unfortunately I have been caught on SCAM.

Everybody, please be careful.

[JustCauseBIH]

You are dumb then. How can you be scammed with all those instructions?

[Granturismo777]

Sale is over. I wasn't in time for the second window. Offensively. Again whales have redeemed everything.



Crazy whales:
https://etherscan.io/tx/0x3751b5b7450065f1532e3f3d8974e3c55512e76be6beff3ab35bc78449c0d63c
https://etherscan.io/tx/0xef2de0c04044252a0555875c4d30cda56e581a8151de886688a5361ea86087bf
https://etherscan.io/tx/0x167b6e3217536e66e69f906a457b2457c6cc4f95928a47b0443ad895b23c6e76

Pay for a dead horse. And there is a lot of such transactions in 2nd stage ICO AirSwap

[btcdee]

Congratulations AIRSWAP for the successful ICO. For me it went smoothly but I can understand new users who found MetaMask confusing because they didn't expect a few more stages before payment confirmation.

[memberx]

Congratulations AIRSWAP for the successful ICO. For me it went smoothly but I can understand new users who found MetaMask confusing because they didn't expect a few more stages before payment confirmation.

Congratulations from my side as well. I was not even registered at Metamask before the Token Sale but I have to say if you took care on the information given, especially in Telegram group, all went smooth and easy, also for Noobs like me that never used Metamask before. Also didn't have to rush because of the whitelist window so all was easy.

Thank you again, hopefully airswap will have a successful start, HODL

[kacakkipri]

congratulate all teams and investors for successful ico. I hope this success will continue in the future. some projects succeeded at the iCo but later failed. in this period when alt coins do not earn, hope we win from this project. I am looking forward to the developments.

[Granturismo777]

AirSwap Token Launch Report
Nice! It will be very good project.

[Lisk_beginner]

Congratulations for thé Ico.
I see your roadmap but could you tell me please if airswap will be fastly on éxchanges as Kyber network?

Thanks you

[Granturismo777]

Congratulations for thé Ico.
I see your roadmap but could you tell me please if airswap will be fastly on éxchanges as Kyber network?
Thanks you

Today start trading on EtherDelta!
10:10 AM Eastern Time.

Start trading at the centralized exchanges is shortly, very probable. As AirSwap is the project by Consensys, they have a big cooperation with crypto-whales.

[revelacaogr]

Fund manager Novogratz agrees to advise ethereum-based digital coin exchange

https://www.cnbc.com/2017/10/16/mike-novogratz-agrees-to-advise-ethereum-based-digital-coin-exchange.html


Novogratz has said he agrees bitcoin may be in a bubble but is willing to bet on profits on the way up. Now he is attaching his name to a young digital coin project based on the technology of digital currency ethereum.

The New York-based token exchange project, called AirSwap, raised the equivalent of about $35 million in a token sale last week and plans to launch early next year. AirSwap will allow individuals to directly swap tokens, or digital coins. The model resembles how Craigslist eliminates the need for an agent by linking buyers and sellers.

I'm "fascinated to see the next wave of innovation in decentralized exchanges, and find AirSwap to be a well-thought out platform with a fantastic team," Novogratz said in a statement to CNBC. "We continue to be excited about the ongoing developments in the ethereum ecosystem."............

[rty397]

It's very interesting how the start trading on ED at these pre-hardfork times. Strongly surprised if the price will fall like other ICO in October.  Because a very strong project(beta q4) and i think many exchanges will want to list AST.

[rty397]

Wow. This is fast. @AirSwap $AST tokens will be available for trading on Liqui today at 16:00 UTC.
https://twitter.com/Liqui_Exchange/status/920249662640140288

[FlorentineNobleman]

Don't sell it for less than 10x.

[kacakkipri]

Liqui entered, but the price was too low. Why did this happen? had a successful ico process. It was a project I was very trusting about. hope will recover as soon as possible 

[rehydrogenated]

I can't wait until one of these exchanges with low-fees becomes large and trustworthy. Best of luck to you on your project!!

[sine.media]

The speed of a crowdsale was impressive indeed. Good luck with the project and thanks for sharing the information about the ICO on your blog.

[stupid_seb]

Liqui entered, but the price was too low. Why did this happen? had a successful ico process. It was a project I was very trusting about. hope will recover as soon as possible 

be patient.

[no1dead]

Liqui has huge volume there, people see this is very potential coin, now is a little above ico price. I will buy more if the price is under ico price, wish that day will come soon.

[stupid_seb]

Market cap is still ridiculously low for such project, with Novogratz as advisor.

This coin is worth at least KYBER,s value in mcap

[stupid_seb]

AirSwap is not NOW listed on CoinCodex. Monitor AST price in real-time and add it to watchlist!

[rty397]

Binance following airswap on twitter. waiting for the official announcement of the addition?

[NikkiS]

I think, in time, all major exchanges will add the AIRSWAP.

[BitMaver]

@Airswap | We've released TokenUnit, a JavaScript library for Ethereum-based tokens to easily scale tokens and convert between tokens and ether.
https://www.npmjs.com/package/token-unit

[rty397]

AST/BTC and AST/ETH trading pairs are now available on Binance.

[DimiZb]

AST/BTC and AST/ETH trading pairs are now available on Binance.

Yes, we list on liqui and binance in 2 days, glad to see the team executes very efficiently, they do big things for us. We will be large, maybe our target is Kyber or 0x, let us fight!

[Rogerdale]

I don't really understand all these people. They buy in second round of ICO on thousands of ethers and pay thousands of dollars in tx fees, and then dump coins on Binance with -10% from ICO price.

I doubt that I will ever participate in an ICO with pre-sale price lower than main sale price. All these investment funds just take us for fools.

[taupiqueur]

I forgot to watch this thread... Do you plan going on other exchanges ?

[wilbourge]

I don't really understand all these people. They buy in second round of ICO on thousands of ethers and pay thousands of dollars in tx fees, and then dump coins on Binance with -10% from ICO price.

I doubt that I will ever participate in an ICO with pre-sale price lower than main sale price. All these investment funds just take us for fools.

pre-investors and team made enough money, believe me ...

[kacakkipri]

As in many projects, the price of this project has fallen below the ico price. The end of projects that are attracting much attention is always the case. Hope will recover as soon as possible. I feel sorry for my investment and my timing.

[revelacaogr]

Airswap chosen in top 25 start ups nu ExtremeTechChallenge

CONGRATULATIONS to the TOP25 companies who made it to the next round of #XTC2018 Just announced @ #InnovateCelebrate



https://twitter.com/ExTechChallenge/status/918218214118707207

[myfranco]

I don't really understand all these people. They buy in second round of ICO on thousands of ethers and pay thousands of dollars in tx fees, and then dump coins on Binance with -10% from ICO price.

I doubt that I will ever participate in an ICO with pre-sale price lower than main sale price. All these investment funds just take us for fools.

I totally agree. It makes ICOs pump and dump pprojects once it hits the market.

[vanarebane]

I don't really understand all these people. They buy in second round of ICO on thousands of ethers and pay thousands of dollars in tx fees, and then dump coins on Binance with -10% from ICO price.

I doubt that I will ever participate in an ICO with pre-sale price lower than main sale price. All these investment funds just take us for fools.

Of course the captial or fund team can get discount because they are strategy partners, or advisors, so it is normal to get cheap tokens, but I think they won't dump now.

[GriTBitS]

AirSwap "Looking to bring some order to the chaos & take...a more secure approach"
http://observer.com/2017/10/airswap-cryptocurrency-could-minimize-your-investment-risk/
A lot about AST positive reviews, but the price is lower ICO..

[LoSwaga]

So the white paper literally doesn't saying anything about how it creates value for the tokens. There's a lot of cross over here with Kyber, and I believe Kyber's white paper also references this one. This is a risky one. Obviously decentralized exchanges are coming and will be a big hit, but they can't all be successful. These are going to have be valuable services for AST tokens to be worth much in my opinion. I agree with a previous poster - not sure why they really needed a token.

Trying to stay positive for those invested in this one. I wish you all the best in luck. I will be keeping my eyes peeled for the best decentralized exchange. Bet your butt if it's AirSwap Ill come and congratulate all and trade a few..

[kacakkipri]

The price has fallen almost half the price of ico  . I think I need to think twice now to get into ico's. It was a very reliable project but not be succesfull for now. Maybe it will recover after fork. But we'll have to wait a lot in all circumstances .

[cryptomafiajp]

The price has fallen almost half the price of ico  . I think I need to think twice now to get into ico's. It was a very reliable project but not be succesfull for now. Maybe it will recover after fork. But we'll have to wait a lot in all circumstances .

Now BTC is strong and the market sentiment is bad, I believe in the project and wait patiently.

[Zer0Sum]

The price has fallen almost half the price of ico  . I think I need to think twice now to get into ico's. It was a very reliable project but not be succesfull for now. Maybe it will recover after fork. But we'll have to wait a lot in all circumstances .

If you read the Whitepaper, all you have is a protocol.
There is no detail of how one would implement this "off-chain" protocol...
Just that somehow Ethereum ecosystem "stakeholders" will co-operate.

In a few hours, one could write a protocol for orbiting ERC20 tokens around Pluto... and ICO it for $50 million.

[Hazara]

The price has fallen almost half the price of ico  . I think I need to think twice now to get into ico's. It was a very reliable project but not be succesfull for now. Maybe it will recover after fork. But we'll have to wait a lot in all circumstances .

If you read the Whitepaper, all you have is a protocol.
There is no detail of how one would implement this "off-chain" protocol...
Just that somehow Ethereum ecosystem "stakeholders" will co-operate.

In a few hours, one could write a protocol for orbiting ERC20 tokens around Pluto... and ICO it for $50 million.

good explonation, i didnt quite understand the value of this token, just bought a lil bit before a fomo, now i c that lil bit is enough and this needs to be watched if i want to invest more

[TokensFund.io]

Hey guys

Feel free to join the AIRSWAP Price Speculation thread

https://bitcointalk.org/index.php?topic=2268498

Good luck!

[BearClawRawrrr]

There are quite some decentralized exchanges now on the market... reading the white paper, I can't certainly tell how this project distinguish itself among all the competitors.... anyhow, good luck!

[Texac]

Hello! when will we see what or news from a company? with such rate we soon will reach to 1 sat.

[altcoinrich]

http://huobipro.com/

Airswap is listed to Huobipro.com, the largest user base Chinese exchange, on the way moon now, I expect to see the price will re-hit ICO price, and be 5x or 10x in the near future. You guys should all know Huobi.   

[AshleyAshes]

So what is your difference from other projects of this kind, what is your uniqueness, guys?

[rubiprojects]

Wow, amazing Chinese whales are pumping AST, buy more!   

[daylox]

Wow, amazing Chinese whales are pumping AST, buy more!   

Only a little pump with 15%-20%, Bittrex helps the price mostly, it helped dnt and mana to the moon. Airswap needs more Chinese whales come to the board so the price will fly very high!

[quang99]

Wow, amazing Chinese whales are pumping AST, buy more!   

Only a little pump with 15%-20%, Bittrex helps the price mostly, it helped dnt and mana to the moon. Airswap needs more Chinese whales come to the board so the price will fly very high!

And is there any news about the bitrex listing? that would be good

[BitcoinRonnie]

I am glad that the decentralized protocols have received such recognition at one of the best Asian exchanges. We look forward to further growth and development of the project.

[herromerro]

"you'll hear more from us soon. it's a formative time for the company and project so we're looking to get it right. timeline on the roadmap still holds though we'll be publishing a refreshed version"

Latest message on Slack channel 

[BitcoinRonnie]

"you'll hear more from us soon. it's a formative time for the company and project so we're looking to get it right. timeline on the roadmap still holds though we'll be publishing a refreshed version"

Latest message on Slack channel 

Yes, something on the forum has no activity at all. Developers prefer other channels for communication. Perhaps here you need to post at least announcements and important news.

[juicejoyce]

I can see this coin has been listed on some big exchanges such as the binnace. But there are not so much discussion here. That is strange.

[starblocks]

Has the team given any indication as yet of what happens to the 40% that remains locked?

Will it be sold in an ICO, burned to reduce the supply, used for a giveaway or...?

[NickCrypto]

Free Price Alert of AirSwap on BitScreener: https://bitscreener.com/coins/airswap/price_alert

[Satish147]

Hi Everyone,

Decentralised Exchanges will eliminate the high fees charging for trades, Deposits and withdrawls by the centralised exchanges

As of now we all know that the centralised exchanges charging almost 5 to 10 dollars for deposits and withdrawals and if it continues like this a normal retail trader never thinks to trade at all in cryptocurrencies

To eliminate this fear Decentralised Exchanges are immediately required

The projects which are in development : 0x, Kyber, Raiden, Airswap

[hanlieuiypm9832]

Hi Everyone,

Decentralised Exchanges will eliminate the high fees charging for trades, Deposits and withdrawls by the centralised exchanges

As of now we all know that the centralised exchanges charging almost 5 to 10 dollars for deposits and withdrawals and if it continues like this a normal retail trader never thinks to trade at all in cryptocurrencies

To eliminate this fear Decentralised Exchanges are immediately required

The projects which are in development : 0x, Kyber, Raiden, Airswap

Thank you for your information, these projects you mentioned are very famous for me. but I just want to know if their are some other advantages over each other.

[Kripto.hr]

Thinking about investing in Airswap... What was the price for presale and sale?

[herromerro]

Thinking about investing in Airswap... What was the price for presale and sale?

"1 AST = 0.001 ETH
Beta Sale at a 20% discount
From August 25th to September 8th, we ran a sale for large buyers to have an opportunity to purchase AirSwap tokens at discounts between 10–30% depending on the size of the purchase."

[juicejoyce]

Thinking about investing in Airswap... What was the price for presale and sale?

The price is much lower than the ICO price, it seems that the early panic investors are selling their tokens, I do not understand why they do that since the project is very promising in my opinion.


"1 AST = 0.001 ETH
Beta Sale at a 20% discount
From August 25th to September 8th, we ran a sale for large buyers to have an opportunity to purchase AirSwap tokens at discounts between 10–30% depending on the size of the purchase."

[ragnar07]

Catalyst: Airswap are launching the beta of their TOKENTRADER app. This one is STILL below ICO price but should rise now in spec value till the news event on the 5th DECEMBER.


https://blog.airswap.io/introducing-the-airswap-token-trader-c97a840bd82d
Airswap is backed by Consensys. Big things expected.

[prophetx]

Has the team given any indication as yet of what happens to the 40% that remains locked?

Will it be sold in an ICO, burned to reduce the supply, used for a giveaway or...?

Dumped on unsuspecting bag holders duh!

[hanlieuiypm9832]

Has the team given any indication as yet of what happens to the 40% that remains locked?

Will it be sold in an ICO, burned to reduce the supply, used for a giveaway or...?

Dumped on unsuspecting bag holders duh!

It seems that the traders of AST are not very panic since the trading volume is really low these days. And the price is droping.

[quang99]

I just do not understand why such a low price. Coming soon beta, the team at all events. Bittrex is subscribed to their twitter, which suggests a possible listing

[ragnar07]

Yes really weird ...

[gvozdik]

Soon news soon 5k, dont worry keep buying dip.

[gvozdik]

Buy dip soon huge news----) look here https://blog.airswap.io/introducing-the-airswap-token-trader-c97a840bd82d

[hanlieuiypm9832]

Buy dip soon huge news----) look here https://blog.airswap.io/introducing-the-airswap-token-trader-c97a840bd82d

Wow, that is really a good news:
AirSwap gives you the power to trade Ethereum tokens on a global network without risking hacks or paying exchange fees. The spirit of decentralization guides us toward many bright futures, and we are driving for one of secure, scalable, and private value exchange.

[revelacaogr]

AirSwap and Novogratz Partner to Provide Liquidity on Decentralized Exchanges

https://blog.airswap.io/airswap-and-novogratz-partner-to-provide-liquidity-on-decentralized-exchanges-d16518b440dd

We’re creating a platform for market makers, and working with Michael Novogratz and Galaxy to provide liquidity to decentralized exchanges.
I spent a quarter of my life as a partner at Virtu Financial, one of the premier algorithmic market makers in the world that also went public for $2.5b during my tenure. As an electronic market maker in a time of technological revolution, we saw computers de-facto replace human traders on Wall Street.

A market maker is a party that provides bids and asks in a given instrument at all times, and forms what is called the bid-ask spread. They are willing to buy and sell an asset at all times, and their buy and sell prices are reflected on a given exchange.
Throughout the last month, I have worked on the trade floor at Novo’s new cryptofund, Galaxy. Together with Galaxy I have helped frame how a liquidity provider will behave and operate on AirSwap and other decentralized exchanges.
What does it take to be a liquidity provider?

Technology

Experience (know-how)

Balance sheet / risk tolerance...........

[herromerro]

AirSwap and Novogratz Partner to Provide Liquidity on Decentralized Exchanges

https://blog.airswap.io/airswap-and-novogratz-partner-to-provide-liquidity-on-decentralized-exchanges-d16518b440dd

We’re creating a platform for market makers, and working with Michael Novogratz and Galaxy to provide liquidity to decentralized exchanges.
I spent a quarter of my life as a partner at Virtu Financial, one of the premier algorithmic market makers in the world that also went public for $2.5b during my tenure. As an electronic market maker in a time of technological revolution, we saw computers de-facto replace human traders on Wall Street.

A market maker is a party that provides bids and asks in a given instrument at all times, and forms what is called the bid-ask spread. They are willing to buy and sell an asset at all times, and their buy and sell prices are reflected on a given exchange.
Throughout the last month, I have worked on the trade floor at Novo’s new cryptofund, Galaxy. Together with Galaxy I have helped frame how a liquidity provider will behave and operate on AirSwap and other decentralized exchanges.
What does it take to be a liquidity provider?

Technology

Experience (know-how)

Balance sheet / risk tolerance...........

I took a look, thanks. Will try to read whole.
But as I get it we can see new market makers too on the platform.

[hanlieuiypm9832]

I can see this coin has been listed on Binance and huobi pro. But the price is not so high. I Would like to know if there will be big news in the near future, thamk you.

[TOM47]

AirSwap Team Update

Token Trader beta starts tomorrow
We’re excited to begin the limited beta for the AirSwap Token Trader tomorrow, an end-to-end implementation of the Swap Peer and Oracle protocols. This testing phase will let us improve and solidify the token trading experience. You can read more on Introducing the AirSwap Token Trader. We’re on track for a mainnet release early next year.
The Token Trader will look and feel similar to Shapeshift as a simple, quick, and decentralized peer-to-peer trade. You’ll be able to trade with a designated market maker, which we’ll be running in the Galaxy office this week.
The beta is limited to a group of testers from throughout the community. Once we have collected feedback and worked through any bugs or improvements, we’re looking to open up to a wider audience sometime next week.

https://blog.airswap.io/airswap-team-update-3a7479f89841

[ragnar07]

Open beta tomorrow!

[uDwcHYO]

this is good news that there is some movement in the development. such functionality has long been required

[ragnar07]

Ofcourse asswipe go down today also, hope i can sell without a loss today fucking shitcoin

[herromerro]

Ofcourse asswipe go down today also, hope i can sell without a loss today fucking shitcoin

I invested big during the sale. My expectations were high but price not showing itself. Hope it'll recover.
Token Trader Beta Guide
https://blog.airswap.io/token-trader-beta-guide-690202a75a7b

[gerymakgyaer]

CNBC Coverage on AirSwap Open Beta
AirSwap Strategist, Sam Tabar, discusses AirSwap open beta release and the essentials for a successful decentralized exchange on CNBC's Squawk Box. https://www.youtube.com/watch?v=Zb8yUQEGRS4

[juicejoyce]

It seems the AST will be listed on okex.com, I know this exchange is very famous inChina. But there is no announcement and discussion about that here, is that a fake news?

[cecilwebster]

I wish your project AIRSWAPIO goodluck. But I have a question: will the money be refunded if you do not get the soft cap? Good luck and keep us updated

[semsyor]

AirSwap Singapore Meetup 12/14

AirSwap co-founder, Michael Oved, discusses our progress and demos our public beta (https://trade.airswap.io/) in Singapore.
Relive and watch ovedm606 talk about our progress & roadmap and showcase our public beta in our Singapore meetup
https://www.youtube.com/watch?v=YoR0UAze7TI

[lofegs]

https://support.okex.com/hc/en-us/articles/115003558072-OKEx-Launches-AST-SUB-DNT-FUN

Great news. "OKEx Launches AST, SUB, DNT, FUN"
This means newcomers for AST and more liquidity of course.

[TokensFund.io]

Ambassador Hart will be doing an #AMA with the #AirSwap community in January. Stay tuned for more details!

https://twitter.com/airswap/status/944359583560040448

Also this is just in. If you guys are in SD next week, Oved will be at a meetup in SD!

https://www.meetup.com/San-Diego-Blockchain-Technology-Meetup/events/246109586/

[elcharle]

This project has potential that most haven't yet grasped.

[lofegs]

This project has potential that most haven't yet grasped.

I also believe they have potential. They had fast ICO also great pre-sale process.
Even price is still ICO price/when compare ETH) I'm holding my tokens.

[holly.ball8]

Ambassador Hart will be doing an #AMA with the #AirSwap community in January. Stay tuned for more details!

https://twitter.com/airswap/status/944359583560040448

Also this is just in. If you guys are in SD next week, Oved will be at a meetup in SD!

https://www.meetup.com/San-Diego-Blockchain-Technology-Meetup/events/246109586/

Nice, more meet up to boost the awareness of the coin.

[ComponY]

When good news? I have a lot of AST but now is still under ico price, while other projects are 5x, 10x upon ico price.

[lofegs]

When good news? I have a lot of AST but now is still under ico price, while other projects are 5x, 10x upon ico price.

I'm also holding AST tokens from the ICO. And waiting some rocket news to reach ICO price first at least.

[TheWizard]

When good news? I have a lot of AST but now is still under ico price, while other projects are 5x, 10x upon ico price.

I'm also holding AST tokens from the ICO. And waiting some rocket news to reach ICO price first at least.

What was the ICO price?

[quang99]

When good news? I have a lot of AST but now is still under ico price, while other projects are 5x, 10x upon ico price.

I'm also holding AST tokens from the ICO. And waiting some rocket news to reach ICO price first at least.

What was the ICO price?

1 AST = 0.30 USD (0.00100 ETH)
it's so strange that the price is still below the price in ETH

[dotta]

After reading the whitepaper, I'm not clear on how the Indexer is materially different from an order book.

The whitepaper opens by criticizing decentralized order books by saying that:

• There is an execution cost for managing the order book
• The order books are public
• The order books can suffer from front-running
• The order books can be unfair because of latency

It seems to me that, in the common case where parties are publicly advertising their intent to trade with any party, posting to an Indexers is essentially the same as an order book on the above points:

• There's a cost to running an Indexer. How are the fees paid for to incentivize off-chain indexers in Airswap?
• The indexer is public, which is often what you want because you want to buy or sell with anyone, given a price
• You can front-run the indexer when you're not trying to trade with a specific party
• Someone with lower latency can read the Indexer faster than someone with a slower connection.

So I feel like I'm missing something here, particularly around how one pays the Indexers. In 0x, they have Relayer fees. How does that work in Airswap?

[M.minor]

yes you are cool guys, in a good sense of the word

[dannycalifornia]

Going to $3 soon!

[M.minor]

so well rose and rolled away to the bottom
1.5 dollars, people will stick - why they organized a dump

[filsid]

AirSwap Team Update: Jan. 5, 2018

Announcing the Token Trader private release on January 16th, competing in the Extreme Tech Challenge at CES, welcoming our new team members, and representing crypto at the Goldman Sachs Investor Conference.

Token Trader Private Release
We’ve scheduled a private release of the Token Trader for January 16th. We’ll be working with our beta tester group to start making our first mainnet trades, and look forward to open a public release soon thereafter. This release will also include some new key features that we’re excited to share.

Competing at CES
We’ve been recognized and selected as one of the top 10 startups making a positive impact. CES is the largest tech conference in the world and we are proud to be one of the top companies to be presenting on stage at the Extreme Tech Challenge (XTC).

https://blog.airswap.io/airswap-team-update-jan-5-2018-662bc4696172

[lofegs]

so well rose and rolled away to the bottom
1.5 dollars, people will stick - why they organized a dump

Finally over the ICO price as Ethereum. Hope this is just a start. When they deliver market can react better.

[vince212]

hi if i want to withdraw from houbi do i use my mew address?

[dannycalifornia]

Airswap is awesome. Going to $4 in the next few weeks!

[herromerro]

hi if i want to withdraw from houbi do i use my mew address?

You can use MEW(MyEtherWallet) to store your Airswap tokens like many people and I do.

[vince212]

hi if i want to withdraw from houbi do i use my mew address?

You can use MEW(MyEtherWallet) to store your Airswap tokens like many people and I do.

so if i withdraw my ast from houbi. ill input my eth wallet? or do i need to generate ast wallet after opening my eth wallet in MEW?

sorry this is my first time to withdraw tokens

[lofegs]

hi if i want to withdraw from houbi do i use my mew address?

You can use MEW(MyEtherWallet) to store your Airswap tokens like many people and I do.

so if i withdraw my ast from houbi. ill input my eth wallet? or do i need to generate ast wallet after opening my eth wallet in MEW?

sorry this is my first time to withdraw tokens

You should just write your MEW allet address in the withdraw address blank. And it'll show up on your MEW after they send it.

[vivacriptorey]

What is the utility of this token?

[herromerro]

What is the utility of this token?

AFAIK if you want to trade tokens on the platform you should lock AST tokens for a while. Don't know the exact details.

[lofegs]

What is the utility of this token?

"AST is intended to provide two utilities. First, holding AST will give traders the ability to add their “intent to trade” to the Index. This effectively signals to peers their intent to buy or sell specific Ethereum-based tokens. Second, AST gives traders voting power to manage the roles of Oracles within the platform."
For more information follow the link:
https://blog.airswap.io/the-airswap-token-42855fe5e120

[elcharle]

Decentralized exchanges will be a big business. Similar projects like 0x have a market cap of 1 billion. AirSwap's market cap is only 250 millions,There is big potential for AirSwap.

[paizible]

asT enter top 100 today  . gogogo airswapteam!!!!!

[herromerro]

Decentralized exchanges will be a big business. Similar projects like 0x have a market cap of 1 billion. AirSwap's market cap is only 250 millions,There is big potential for AirSwap.

There are many decetralized exchange projects out there and it is good thing. 0x is going good. Some projects over the protocol.
I invested couple of decentralized exchange projects, AST one of those. Hope investors we'll be rewarded well in the long term.

[Peleke]

It just went down from 0.0015 to 0.001 within a few hours and doesn't seem to go up again currently.
Why did this happen and what do you do about it?

[Tarima24]

What is the utility of this token?

brother you must check their whitepaper. 

[keedlolo?]

Look.
What you see: bending of the curve but ... No volume.

[Peleke]

What do you think about the future of AST compared to ETH?

[herromerro]

What do you think about the future of AST compared to ETH?

Why would it be compared with ETH? I think it should be compared other decentralized exchange solutions.

[Peleke]

I have bought AST with ETH so I am only comparing those two against each other which currently doesn't look good

[JuniAiko]

I guess the drip of many of the altcoins is due to speculators rushing to buy up NEO above its actual worth now, seeing that it had shot up.
Personally, I didn't invest in NEO at all, as the DEV team (there were some previous news about it) that made it seemed dodgy.
I think in terms of the Chinese market, TRON is definitely the one to go for + it has a notably lower market cap atm = more potential for growth.

[2bfree]

When is the product live so we can trade? (swap)?

[zovkan]

Hi, your "Make a trade" is not working. Can you please fix it so we can check it out?

One more question (lets presume I got whitepaper right :

- Let us presume Maker send its offer to Indexer (Maker calls addIntent on the Indexer)
- Taker A see it
- Taker B see it
.
.
.
- Taker n see it
- Taker A, B, ... n asks Oracle for the price (Taker calls getPrice on the Oracle)
- Oracle returns exactly the same price to all of them
- They all send exactly the same order to Maker
- which one will buy Makers offer at the end?