HONG KONG — 18 October 2017 — The Gatecoin team is happy to announce the listing of the AirSwap Token (AST) on our exchange following the decentralized token trading platform’s successful token launch which concluded on 14 October 2017. AST is now tradable through our ASTBTC and ASTETH markets.
What is AirSwap?
While many dapp founders have worked to provide a decentralized token exchange, having on-chain order books (Etherdelta, OasisDEX) or on-chain order cancelation (0x), for instance, is both extremely slow and costly compared to using a centralized exchange.
AirSwap solves this problem by building a P2P protocol layer on top of the ethereum blockchain, using smart contracts to settle transactions on-chain.
How does AirSwap work?
Order posting, checking and cancelling are handled through the off-chain layer, using an indexer and oracles (see whitepaper for more details).
What is the AST token?
AST is intended to provide two utilities:
- Enabling traders to add their “intent to trade” to the exchange Index. This effectively signals to peers their intent to buy or sell specific ethereum tokens.
- Giving traders voting power to manage the roles of Oracles within the platform.
Find out more about the AST token here.
How much was raised during the AST token launch?
AST 150 million (from a supply of AST 500 million) was sold during the token launch for ETH 119,511.44, equivalent to USD 36 million at the time of sale.
Who are the AirSwap team?
Michael Oved / Founder
Michael is a veteran algo trader, spending a quarter of his life at leading firm Virtu, having helped to found and grow its Asia operation to a multimillion dollar business. He is a graduate of Carnegie Mellon University.
Don Mosites / Founder
Don is a serial entrepreneur, product designer and full-stack engineer with more than a decade of experience building products for companies small and large including Google and Zynga. He is a graduate of Carnegie Mellon University.
Deepa Sathaye / Engineer
Deepa specializes in financial trading systems and infrastructure development. Deepa has several years of experience building usable products and analyzing data. She holds a Master of Science in Financial Engineering from the University of Illinois.
Check out AirSwap’s other team members and list of advisors here.
Where can I find more about AirSwap?
If you are a Gatecoin client and have questions regarding this announcement, please email firstname.lastname@example.org.
If you are a journalist or blogger and would like to know more about Gatecoin and our decision to support AirSwap please contact email@example.com.