Question 1

What is DASH used for?

Accepted Answer

DASH is primarily used for private, fast, and low-cost transactions, making it suitable for everyday payments and financial privacy.

Question 2

What are the benefits of holding CACAO?

Accepted Answer

Holding CACAO allows users to participate in DeFi activities, provide liquidity, and engage in cross-chain swaps on the MAYA blockchain.

Question 3

Is DASH a privacy coin?

Accepted Answer

Yes, DASH offers enhanced privacy features through its PrivateSend functionality, ensuring transaction anonymity.

Question 4

How does CACAO support cross-chain swaps?

Accepted Answer

CACAO facilitates cross-chain swaps by acting as a bridge asset, enabling seamless transfers between different blockchain networks.

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 DASH (Dash) to CACAO (Mayachain)

Description

Frequently Asked Questions