Are you serious?!

There already is decentralized exchange of ethereum based tokens called EtherDelta, so there's nothing really new about the idea. There are serious projects that could take decentralized exchanges to the next level out there. Like 0x for example. But AIRSwap definitely doesn't look like one of them.

About 5 pages of whitepaper not telling  anything but definitions of what different technologies and terms are. Like what is P2P, what's is smart contract and so on. Not a word about their actual project.

Not a word about the token, what will be it's use on the platform, how will they be distributed during ICO. Nothing.

I could dig deeper and do a full research and probably find lots more bad things about it. But above facts are enough I know I'd be wasting my time.

They seem to be either scammers or very incompetent to accomplish a serious project.