Frequently Asked Questions
Below are some of the most common questions and answers.
GLM is used to pay for computing resources on the Golem Network, enabling decentralized and cost-effective access to computational power.
DOT is crucial for enabling cross-chain interoperability, governance, and staking within the Polkadot ecosystem, making it a key player in Web3 development.
While GLM is not staked, DOT can be staked to secure the Polkadot network and earn rewards for participating in its consensus mechanism.
The GLM/DOT pair allows users to diversify their portfolios by combining the utility of decentralized computing with cross-chain interoperability, offering exposure to two innovative blockchain ecosystems.
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.
