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AirSwap is a decentralized exchange protocol that enables peer-to-peer trading of ERC-20 tokens without requiring users to deposit funds into a centralized platform. The platform uses a system of "makers" and "takers" with reputation-based matching to facilitate direct token swaps at negotiated prices, prioritizing user control and privacy. Its key differentiator is the elimination of order books and fees through its intent-based matching system, allowing traders to interact directly while maintaining full custody of their assets.