Introduction to AST (AirSwap Token)
AST (AirSwap Token) is the native token of AirSwap, a decentralized peer-to-peer token trading network. Built on the Ethereum blockchain, AirSwap aims to provide users with a secure, simple, and fee-free token trading experience, with a strong emphasis on transaction privacy and security. The platform's core philosophy is to eliminate intermediaries in traditional trading by directly connecting buyers and sellers in a peer-to-peer manner.
AirSwap's Core Mechanism and Features
AirSwap employs a unique Swap protocol, whose operational mechanism combines off-chain negotiation with on-chain settlement. This means that trading parties can privately negotiate transaction terms off-chain, and once an agreement is reached, the transaction will be settled on the Ethereum blockchain as an atomic swap, ensuring the immutability and security of the transaction. This design effectively avoids counterparty risk and intermediary risk.
- Non-Custodial Nature: Users always maintain control of their funds, eliminating the need to deposit assets onto the platform, which significantly reduces platform risk.
- No Registration Required: Users can directly connect their Web3 wallets to trade, bypassing cumbersome registration and KYC processes.
- Zero-Slippage Trading: AirSwap aims to achieve "what you see is what you get" trading, ensuring users do not suffer unexpected losses due to price fluctuations during transactions.
- NFT Trading Support: In addition to fungible tokens, AirSwap also extends support for NFT trading and provides tools to help users launch their own NFT marketplaces.
AST Token Functionality and Governance
The AST token plays multiple roles within the AirSwap ecosystem. Initially, it was designed for traders to declare their trading intent. As the project evolved, the AST token's functionality has shifted to empowering community governance and platform development. AST holders can participate in the protocol's decision-making process by staking tokens, proposing and voting on the future direction of AirSwap, and receiving corresponding rewards. This governance model ensures that AirSwap, as an open developer community, can make decisions and develop products transparently.
History and Development
The AirSwap network and its native token AST were officially launched on October 10, 2017. Since its inception, AirSwap has continuously iterated and optimized its protocol. Its V4 version further enhances the efficiency and versatility of the protocol, aiming to attract more traditional financial institutions into the decentralized finance (DeFi) sector.
Team and Supporters
AirSwap was co-founded by Michael Oved and Don Mosites. The project has garnered support from several prominent figures in the industry, including Ethereum co-founder Joseph Lubin and Galaxy Digital CEO Mike Novogratz, both of whom serve as advisors to AirSwap, providing strategic guidance for the project's development.
Market Performance and Tokenomics
As of September 16, 2026, the current price of the AST token is approximately $0.006. Its 24-hour trading volume ranges from about $10,000 to $37,000, indicating relatively limited market liquidity. The total supply and maximum supply of AST are both 500 million tokens. Regarding circulating supply, different data sources show figures between approximately 174 million and 280 million AST, with CoinGecko and Bybit data closer to 280 million. Investors can view AST's real-time price and market dynamics on market platforms such as Svmuu.
AST's all-time high price reached $1.85 (January 8, 2018), while its all-time low price was $0.00384725 (August 8, 2026).
Differences Between AirSwap and Uniswap
While both AirSwap and Uniswap are decentralized exchanges, their operational models differ significantly. AirSwap is a peer-to-peer network that facilitates transactions through off-chain negotiation and on-chain settlement, offering advantages such as zero slippage and no limits on transaction size. In contrast, Uniswap is a "peer-to-contract" exchange based on an Automated Market Maker (AMM) model, operating entirely on-chain and providing convenient trading services for everyday users through liquidity pools.
How to Acquire AST Tokens
AST tokens can be traded on cryptocurrency exchanges that support the coin. According to public information, Coinbase Exchange is one of the platforms currently supporting AST trading. Users should verify platform availability before trading and be aware of the risks associated with cryptocurrency market volatility.
The platform information for sale in the article changes with the listing and delisting dynamics of each exchange; please refer to the official announcements of the exchanges.
