AirSwap Token (AST) is the native utility token of the AirSwap decentralized exchange platform. It was founded in 2017 by Michael Oved and Don Mosites. The purpose of AST is to facilitate peer-to-peer trading of digital assets. AirSwap prioritizes privacy, security, and ease of use for its users. The naming origins stem from the platform's vision of creating a decentralized network for trustless asset exchange.
AirSwap Token (AST) is an ERC-20 token that operates on the Ethereum blockchain. It serves as the native currency of the AirSwap decentralized exchange (DEX) platform. The underlying technology behind AirSwap is a peer-to-peer trading protocol that enables users to trade Ethereum-based tokens directly with one another without the need for intermediaries.
AirSwap employs the Swap protocol, which utilizes smart contracts to facilitate trustless and secure transactions. The protocol ensures that trades occur without the necessity of depositing funds onto an exchange or relying on centralized order books. Instead, users retain custody of their tokens until trades are executed, eliminating the risk associated with traditional exchanges.
The functioning of AirSwap Token involves two key components: Indexer and Oracle. The Indexer organizes and aggregates quoted prices from both public and private liquidity providers, ensuring accurate pricing information for prospective traders. The Oracle component seeks to bridge the gap between on-chain and off-chain data, providing real-time market updates to smart contracts and enabling users to interact with external data sources.
AirSwap Token allows users to participate in the AirSwap ecosystem by providing liquidity, voting on proposals, and gaining access to various platform features. Holding AST tokens also grants users fee discounts on the platform, incentivizing their use and adoption.
Overall, AirSwap Token leverages blockchain technology to create a decentralized trading experience, empowering users with control and privacy over their assets while enabling seamless peer-to-peer transactions.
AirSwap Token (AST) offers several benefits compared to its direct competitors in the decentralized exchange (DEX) space. One of its key advantages is its focus on simplicity and ease of use. Unlike some other DEX tokens, AirSwap Token does not require users to lock up their tokens or pay gas fees to participate in the network. This makes it more accessible to a broader range of users and reduces friction in the trading process.
Another benefit of AirSwap Token is its emphasis on privacy and security. By utilizing a peer-to-peer trading protocol, AirSwap Token enables users to swap tokens directly from their wallets, without the need to deposit funds into a centralized exchange. This eliminates the risk of hacks or theft associated with centralized exchanges, providing users with greater peace of mind.
In addition, AirSwap Token has a strong focus on liquidity. Through its design, AirSwap Token aims to ensure that traders can always find counterparties and execute trades at fair market prices. This helps to prevent slippage and market manipulation, providing a more efficient trading experience.
When compared to its direct competitors, such as Uniswap and Sushiswap, AirSwap Token distinguishes itself through its user-friendly approach, enhanced privacy and security features, and a strong emphasis on liquidity. These benefits make it an attractive choice for users seeking a seamless and secure trading experience in the decentralized exchange ecosystem.
AirSwap Token (AST) is the native cryptocurrency of the AirSwap platform, a decentralized exchange built on the Ethereum blockchain. The token serves multiple purposes within the ecosystem.
Firstly, AST enables users to participate in the platform's decentralized governance. Holders of AST have the ability to vote on important decisions related to the development and direction of the protocol. This allows users to actively contribute to shaping the future of the AirSwap ecosystem.
Secondly, AST is used as a medium of exchange for trading assets on the AirSwap platform. Users can use AST to pay for transaction fees when trading tokens on the decentralized exchange. By using AST for transactions, users can benefit from certain incentives or discounts provided by the platform.
Additionally, AST tokens are used to incentivize liquidity providers. Users who provide liquidity to the platform by depositing tokens into liquidity pools receive AST rewards. These rewards act as an incentive for participants to contribute to the liquidity of the exchange, ultimately improving the trading experience for all users.
In one specific case, AST can be used for governance voting to decide on the integration of new tokens on the platform. When the AirSwap community considers adding a new token for trading, AST holders can vote on whether to approve the integration. This democratic process ensures that the platform remains secure and reliable, as token integration decisions are made collectively by the community.
Overall, AirSwap Token (AST) has various use cases within the AirSwap ecosystem, including governance voting, fee payment, and liquidity incentives. Its versatility contributes to the decentralized and community-driven nature of the platform.
DIA's AirSwap Token API is one of the API endpoints provided by DIA, which offers real-time price feeds for various crypto assets. These price feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, making DIA's data more comprehensive than other web3 data providers.
Regarding the availability of DIA's API endpoints, developers have the option to utilize both free and fully customizable custom feeds. The free API endpoints are accessible on the DIA App's asset detail pages and serve as a standardized format for developers to test and gather information. While these free feeds are useful for informational purposes, DIA also offers the creation of dedicated API price feeds tailored to the user's specific requirements.
Custom feeds provided by DIA allow for customization in terms of sources, methodologies, update mechanisms, and more. These custom feeds can be requested by contacting DIA through Discord or Telegram.
DIA's API endpoints have various use cases within the blockchain ecosystem. In the DeFi space, they can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi realm, potential applications include peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and others.
In summary, DIA's AirSwap Token API provides real-time price feeds for crypto assets, and while free API endpoints are available for testing, DIA also offers customized feeds tailored to user requirements, which can be highly beneficial and useful for developers and industry participants in the blockchain ecosystem.
DIA's AirSwap Token price oracle is a smart contract that provides real-time price feeds for various crypto assets. DIA has extensive integration with 35+ layer 1 and layer 2 networks, allowing them to deploy price oracles across multiple blockchains. This gives DIA an edge over other web3 data providers, as they can source data from over 85 on-chain and off-chain exchanges, capturing billions of individual trades.
While DIA offers (free) demo oracles for developers to test, these are strictly for testing purposes and cannot be used in production applications. However, DIA also offers custom price feed oracles that can be tailored to specific requirements. These custom oracles can be configured based on sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.
The applications of DIA's price oracles are vast within the decentralized finance (DeFi) and NFTfi sectors. In DeFi, DIA's price information can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Meanwhile, in the NFTfi space, the oracles can support peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other applications.
It's worth noting that a blockchain oracle, like DIA's price oracle, acts as an external information provider for smart contracts. It supplies verified data from outside the blockchain to the smart contracts, allowing them to interact with real-world data and make informed decisions.
Please note that for more detailed information on DIA's oracles and their specific use cases, developers and interested parties can refer to DIA's documentation.
DIA's AST API and AST Price Oracle offer numerous benefits for users operating in the blockchain ecosystem. These technologies enable users to access reliable and precise price data for cryptocurrencies and NFTs. The key advantage of utilizing DIA's API or Price Oracle for a particular token lies in the high level of customization available. Each oracle and API endpoint can be tailored according to the specific requirements of decentralized applications, including configuration settings related to data sources, data cleaning filters, pricing methodologies, and update mechanisms. This ensures that the data and oracle remain robust and resilient to market conditions, providing global, as well as individual or cross-chain, market prices.
Furthermore, DIA's API and Oracle feeds provide a significant level of transparency. Users can gain full visibility and insight into the complete journey of the data. DIA also provides various tracking and monitoring tools to closely oversee its oracle and API feeds, ensuring trust and reliability.
In summary, DIA's AST API and AST Price Oracle offer personalized solutions for users, allowing them to access accurate and tailored price data. The customizable nature of these technologies ensures resilience and adaptability to unique market conditions, while the transparency provided instills confidence in the reliability of the data.