AirCash aims to become the go-to choice for crypto-fiat trading
Decentralized over-the-counter exchange AirCash is a community-driven crypto trading platform that makes crypto and fiat conversion extremely easy. It comes with benefits like a user-friendly trading experience, privacy protection, and no KYC required.
- AirCash is the cryptocurrency industry’s first and largest decentralized OTC platform that adopts a community-driven appeal handling procedure.
- AirCash has been gaining popularity over the past seven days, with unique users increasing by 50 %, transactions by 57 %, and volume by nearly 38%.
- The OTC exchange exists on the Binance blockchain
- The native token AIR is the backbone of AirCash’s ecosystem.
2021 marked a record-breaking year in crypto trading volumes, with centralized exchanges (CEXs) registering a trading volume of $14 trillion, a whopping 689% from $1.8 trillion in 2020. Notably, trades generated from over-the-counter (OTC) account for a large portion of this tremendous volume.
For example, Coinbase, the leading crypto exchange, revealed that its OTC and prime brokerage volumes reached nearly $88 billion in Q4 2021. OTC connects users directly with the counterparty, enabling them to trade at an agreed price while minimizing transaction risk against slippage and market impact.
However, most crypto OTCs available in the market work in a centralized way, meaning that they do not grant users complete control over their accounts and assets. To address this problem, AirCash brings full decentralization to the OTC trading experience. It allows users to start trading simply by signing in with their Web3 wallets, such as MetaMask.
What is AirCash
AirCash is a pioneer decentralized OTC platform in the cryptocurrency industry. It allows users to trade crypto with fiat wherever they are and with whatever payment methods they prefer, such as bank transfers or digital wallets like PayPal.
Boasting a streamlined interface, easy-to-use functionalities, and decentralized nature, AirCash has been gaining traction due to these features. It is worth noting that the dapp has seen impressive growth in metrics over the past seven days, with unique users increasing by 50%, transactions by 57%, and volume by nearly 38%.
To safeguard the decentralization and fairness of the AirCash platform are the Witnesses and Congresses. As the judges of the AirCash system, these roles consist of community members, with tasks including tackling appeals, protecting the trustworthy traders, and punishing the scammers.
Therefore, the decision-making is community-driven, transparent, and democratic. Furthermore, being an impartial Witness or Congress means you contribute to the fairness of the platform. As a result, successfully dealing with one appeal qualifies the Witness for the reward of 1 million AIR and the Congress 10 million AIR, AirCash’s native token.
What is AIR – AirCash´s token?
AIR is the native token available on the AirCoin platform. The token is a peer-to-peer trading platform in the cryptocurrencies market with the symbol AIR.
The AIR token has trading utility through AirCash and mining through AirNFT. Also, AIR serves as a governing token by a voting mechanism for rewards distribution.
The token is a facilitator of the AirCash´s platform´s functioning and governance. First, to become a merchant who provides liquidity and market-making service on AirCash’s platform requires users to lock 10 billion AIR. For Witness and Congress members, 100 billion and 1 trillion, respectively. The token metrics are as follows:
- 10,000 trillion AIR hard cap
- 9,555 trillion AIR burnt
- 50 trillion AIR and 200 BNB are added for PancakeSwap liquidity
- 353 trillion AIR was locked within an NFT smart contract.
Find out more about AirCash:
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