AirSwap
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in AirSwap from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to AirSwap.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.