Frequently Asked Questions
Below are some of the most common questions and answers.
CHZ is primarily used to purchase fan tokens on platforms like Socios.com, enabling fans to engage with their favorite sports teams and participate in governance decisions.
ETH is valuable due to its role in powering decentralized applications, smart contracts, and the broader DeFi ecosystem, making it a foundational asset in the blockchain space.
Yes, CHZ can be traded directly for ETH on supported exchanges, allowing users to leverage the strengths of both assets.
The CHZ/ETH pair is popular due to the unique utility of CHZ in fan engagement and the widespread adoption of ETH in blockchain-based applications, creating a dynamic trading opportunity.
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.
