Question 1

What is ETH used for?

Accepted Answer

ETH is used for executing smart contracts, powering decentralized applications (dApps), and facilitating transactions on the Ethereum network.

Question 2

What makes CACAO unique?

Accepted Answer

CACAO stands out for its role in enabling cross-chain DeFi solutions, low transaction costs, and seamless interoperability within the MAYA ecosystem.

Question 3

Can I stake ETH or CACAO?

Accepted Answer

Yes, both ETH and CACAO can be staked to earn rewards, with ETH supporting Ethereum's proof-of-stake consensus and CACAO securing the MAYA blockchain.

Question 4

How do I trade ETH for CACAO?

Accepted Answer

You can trade ETH for CACAO on supported decentralized exchanges (DEXs) or platforms that list the ETH-CACAO 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 ETH (Ethereum) to CACAO (Mayachain)

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Frequently Asked Questions