Question 1

What is the BASE blockchain?

Accepted Answer

The BASE blockchain is a scalable and secure Ethereum Layer 2 solution designed to enhance transaction speed and reduce costs while maintaining compatibility with Ethereum's ecosystem.

Question 2

What are the primary use cases for CACAO?

Accepted Answer

CACAO is primarily used for cross-chain swaps, DeFi applications, and as a gas token within the MAYA blockchain ecosystem, enabling efficient and cost-effective transactions.

Question 3

Why trade ETH on the BASE blockchain?

Accepted Answer

Trading ETH on the BASE blockchain offers faster transaction speeds, lower fees, and seamless integration with Ethereum's ecosystem, making it an attractive option for users.

Question 4

How does CACAO ensure scalability?

Accepted Answer

CACAO leverages the MAYA blockchain's advanced architecture, which supports high throughput and low latency, ensuring scalability for a wide range of decentralized 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 ETH Base to CACAO (Mayachain)

Description

Frequently Asked Questions