Frequently Asked Questions
Below are some of the most common questions and answers.
BNX is primarily used for in-game transactions, NFT purchases, and governance within the BinaryX ecosystem on the BSC blockchain.
DOT is a key player in the blockchain interoperability space, offering governance, staking rewards, and support for cross-chain communication, making it a valuable asset for long-term growth.
No, BNX is not a staking token; it is designed for utility within gaming and NFT platforms on the BSC blockchain.
DOT uses the Polkadot network's relay chain and parachains to enable seamless communication and data transfer between different blockchains.
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.
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.
