AirSwap Token (AST): Launching October 10

Edit: Due to overwhelming demand in our presale, we updated our pre, beta, and main sale figures on Monday, October 9, 2017 at 7:10 pm EST.

As tokens take over the world, a new token economy needs decentralized exchange to thrive. AirSwap was designed from the ground up to provide privacy, security, and choice on a global, peer-to-peer trading network with no intermediaries and no trading fees. We at AirSwap truly aim to build the engine of the new token economy.

We’ve talked about our token over the last couple of months, and today are announcing the structure of the AirSwap Token (AST) sale to be held on October 10, 2017. Our goal is to involve the broadest community possible, and we’ll be performing a whitelist registration to ensure individual limitations on the sale. The token sale will be conducted using the AirSwap exchange smart contract and through an implementation of the Peer Protocol on a web frontend. Effectively, the token sale will run on the first version of the AirSwap Platform.

We’ll be announcing whitelist registration details on our Telegram channel. Join us there to hear about it first: https://t.me/airswapofficial

Token Details

Supply and Pricing

150M AST will be sold of 500M total supply.
1 AST will be sold for 0.001 ETH.

AST Creation

Prior to the Token Sale, AirSwap will create 500,000,000 AST. These will be the only AST created by AirSwap so no further inflation to the number of AST is possible. The AST smart contract will conform to the ERC20 (now EIP20) standard.

Distribution

  • 30% sold through October 10, 2017 (21% in presale to strategic purchasers, 0.7% in Beta Sale at a 20% discount, 8.3% in Main Sale)
  • 10% to Advisors and Partners subject to vesting and lockups
  • 10% to Founders subject to vesting and lockups
  • 10% for new Partnerships
  • The remaining 40% will be locked for a minimum of 6 months

Use of Proceeds

  • 50% Research and Development
  • 30% Marketing
  • 20% Compliance

Under our current plan, the majority of the proceeds will be dedicated to research and development of the AirSwap platform. We have also planned budgets for marketing and to maintain compliance with any applicable regulations.

Restrictions

  1. Chinese citizens will not be permitted in the sale
  2. Sales are only made for ether
  3. Tokens will be tradable 1 week after public sale

Whitelist Registration

We’ll be announcing whitelist registration details on our Telegram channel. Join us there to hear about it first: https://t.me/airswapofficial.

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