AirSwap

Purpose and Utility

AirSwap (AST) is a decentralized trading protocol built on the Ethereum blockchain. The AST token serves as a governance token for the AirSwap protocol, allowing holders to participate in decision-making regarding protocol upgrades and changes.

Business Model

The protocol facilitates peer-to-peer trading of tokens without order books, using an off-chain negotiation mechanism paired with on-chain settlement. Traders can execute trades directly with known counterparties while maintaining custody of their assets until the trade is executed. The model is transparent and does not involve interest-bearing products or gambling mechanisms.

Real-World Adoption

AirSwap has established partnerships with various DeFi projects and continues to see active trading volume, though modest compared to larger DEXs. The protocol remains actively maintained and developed.

Platform Development

The project maintains active development with regular updates to its protocol and user interface. The team consistently releases improvements to the trading infrastructure and governance mechanisms.

Token Distribution

The token distribution appears reasonably balanced between team, investors, and community members, with appropriate vesting schedules in place. There are no concerning patterns in token movements that would suggest founder enrichment schemes.

Sharia Considerations

The core functionality of AirSwap - facilitating peer-to-peer token trades - aligns with Islamic principles as it involves actual asset exchange and creates genuine utility. The protocol does not engage in interest-bearing activities or gambling mechanisms. While speculation occurs on the platform, the trading involves real asset transfers and is not zero-sum in nature.