Question 1

What is ENS used for?

Accepted Answer

ENS is used to map human-readable names like 'yourname.eth' to Ethereum wallet addresses, simplifying transactions and improving user experience.

Question 2

Why is ATOM valuable?

Accepted Answer

ATOM is valuable because it secures and powers the Cosmos network, enabling cross-chain interoperability and fostering a scalable ecosystem for decentralized applications.

Question 3

Can I stake ENS or ATOM?

Accepted Answer

ATOM can be staked to secure the Cosmos network and earn rewards, while ENS does not currently support staking as it primarily serves as a utility token for naming services.

Question 4

How do I trade ENS for ATOM?

Accepted Answer

You can trade ENS for ATOM on supported decentralized or centralized exchanges by connecting your wallet and selecting the ENS/ATOM trading pair.

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 ENS (Ethereum) to ATOM (Cosmos)

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Frequently Asked Questions