Question 1

What is the OP token used for?

Accepted Answer

OP is used for transaction fees, governance, and incentivizing participation within the ARB blockchain ecosystem.

Question 2

Why is DOT considered a strong investment?

Accepted Answer

DOT powers the Polkadot network, enabling cross-chain communication, scalability, and decentralized governance, making it a key player in the blockchain space.

Question 3

Can I stake OP or DOT?

Accepted Answer

Yes, both OP and DOT can be staked to earn rewards and participate in network security and governance.

Question 4

How does the OP-DOT trading pair benefit users?

Accepted Answer

The OP-DOT pair allows users to leverage the scalability of ARB and the interoperability of Polkadot, offering diverse opportunities in DeFi and cross-chain applications.

Question 5

Do I need KYC to use Instaswap? How are transactions secured?

Accepted Answer

No, Instaswap does not require KYC (Know Your Customer) for any swap amount or pair. However, we employ an advanced KYT system powered by a trusted third-party partner. This system automatically checks wallet addresses involved in transactions, ensuring they haven’t previously been flagged for illicit activities, keeping your swaps safe, secure, and private.

Question 6

Is Instaswap decentralized? Does it support centralized (CEX) swaps?

Accepted Answer

Yes, Instaswap is fully decentralized (DEX), meaning all transactions occur directly on the blockchain without centralized intermediaries. We do NOT offer centralized exchange (CEX) swaps, and your funds always remain fully under your control through our non-custodial platform.

Swap OP (Arbitrum) to DOT (Polkadot)

Description

Frequently Asked Questions