Question 1

What is DOT used for?

Accepted Answer

DOT is used for governance, staking, and bonding within the Polkadot network, enabling cross-chain communication and scalability.

Question 2

What makes CACAO unique?

Accepted Answer

CACAO is designed for DeFi applications on the MAYA blockchain, offering fast transactions, low fees, and community-driven governance.

Question 3

Can I stake DOT?

Accepted Answer

Yes, DOT can be staked to secure the Polkadot network and earn rewards for participating in its consensus mechanism.

Question 4

How can I use CACAO in DeFi?

Accepted Answer

CACAO can be used for trading, liquidity provision, and governance voting within the MAYA blockchain's DeFi ecosystem.

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 DOT (Polkadot) to CACAO (Mayachain)

Description

Frequently Asked Questions