Question 1

What is BNB used for on the BSC blockchain?

Accepted Answer

BNB is used for transaction fees, staking, governance, and accessing various decentralized applications (dApps) on the Binance Smart Chain.

Question 2

What makes CACAO unique on the MAYA blockchain?

Accepted Answer

CACAO facilitates cross-chain swaps, liquidity provision, and DeFi activities, emphasizing seamless interoperability and decentralized financial solutions.

Question 3

Can I stake BNB to earn rewards?

Accepted Answer

Yes, BNB can be staked to earn rewards through various platforms and protocols on the Binance Smart Chain.

Question 4

How does CACAO enhance cross-chain functionality?

Accepted Answer

CACAO enables cross-chain swaps and liquidity provision, allowing users to trade assets across different blockchains efficiently and securely.

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

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap BNB (Binance Smart Chain) to CACAO (Mayachain)

Description

Frequently Asked Questions