Frequently Asked Questions
Below are some of the most common questions and answers.
Bonk is primarily used for DeFi applications, trading, and as a utility token within the Ethereum ecosystem.
RUNE is valuable because it facilitates cross-chain liquidity and decentralized trading on THORChain, enabling users to swap assets across different blockchains.
Yes, RUNE can be staked to secure the THORChain network and earn rewards for providing liquidity.
Bonk is currently an ERC-20 token on the Ethereum blockchain and is not natively compatible with other blockchains without bridging solutions.
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.
