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AirSwap is the name for the AirSwap decentralized exchange as well as the name of the membership token for the AirSwap decentralized exchange built on the Ethereum blockchain.[1] According to a May 2017 whitepaper written by AirSwap's founders,Michael Oved and Don Mosites, the "swap" protocol provides a means for parties to signal to others their intent to trade tokens on a peer-to-peer basis. Once parties are connected, potential counterparties communicate price and order information and then execute an Ethereum smart contract to fill orders on the Ethereum blockchain.[2] AirSwap launched its token trader on februayr 1, 2018.[3]