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The AirSwap Token (AST) launch is complete. They have distributed the full allocation of 150M AST for 119,511.44 ETH. AirSwap thanks the global crypto community for believing in the platform, working through this new process with them, and for the continued support.

150M AST for 119,511.44 ETH

AirSwap sold 150M of a supply of 500M AST. At the time of sale, proceeds were valued around 36M USD. The following token amounts were distributed through each of four sales: a pre-sale, beta tester sale, main sale, and the L(AST) chance sale.

  • 104.8M AST pre-sale for larger buyers
  • 3.2M AST allocated for beta testers
  • 30.1M AST sold in the main sale
  • 11.9M AST remainder sold in the L(AST) chance sale

At the very beginning of the day on October 10th, AirSwap team kicked off the beta tester sale. This was a sale for members of their beta tester group as a thanks for their support, which included a 20% discount. AirSwap only ran it for a few hours prior to the main sale, so they re-opened it on October 12th to allow the rest of the betas a chance to participate.

Once the main sale opened on October 10th at 10:10:10AM ET, there was an initial surge of sales, which grew consistently until it was closed at 9:00AM the following morning. The price was 1,000 AST for 1 ETH, and each participant was given an opportunity to purchase 3,300 AST for 3.3 ETH, which was referred to as the individual cap.

After 9,447 buyers participated in the main sale, there was a remainder of 11.9M AST available for purchase. AirSwap sold this amount without an individual cap in the L(AST) chance sale on October 11th at 10:10:10AM ET.

85% sold out in the first minute, and the rest was sold over the course of 15 minutes. There is evidence that a significant number of orders were requested and filled programmatically. There were over 16,000 active sessions established at the opening of the last chance sale.

9,447 people from 135 countries

In order to protect the project, the community, and the world around us, AirSwap chose to run a KYC process that we referred to as the whitelist. They had two checks in place, one to check country, and another to check against international watch lists. They were unable to include Chinese and North Korean nationals in the sale.

AirSwap scheduled the registration process to run from Wednesday, October 4th at to Friday, October 6th at 4:00PM ET. However, after the first 24 hours, they realized that submissions were growing too quickly for them to be able to process them before starting the sale the following Tuesday. So AirSwap was forced to pull the plug and landed on the following participation numbers.

  • 18,361 registration submissions
  • 13,877 unique Ethereum addresses
  • 12,719 qualified participants
  • 9,447 token holders

AirSwap ICO’s registrants represent 135 countries around the world. Given this global audience, they decided to run the main sale for 23 hours from October 10th at 10:10:10AM ET to October 11th at 9:00AM ET. The top 10 countries represented were:

  1. United States (17.06%)
  2. Philippines (10.73%)
  3. South Korea (6.13%)
  4. Russia (4.40%)
  5. United Kingdom (4.31%)
  6. Thailand (4.26%)
  7. Japan (3.80%)
  8. Netherlands (2.49%)
  9. Canada (2.33%)
  10. India (2.28%)
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