Question 1

What is INJ used for?

Accepted Answer

INJ is used to power decentralized applications (dApps) and DeFi platforms on the ETH blockchain, enabling fast and cost-efficient transactions.

Question 2

Why is ETH popular on the BASE blockchain?

Accepted Answer

ETH on the BASE blockchain is popular due to its scalability, low transaction costs, and seamless integration with Ethereum's ecosystem.

Question 3

Can I stake INJ or ETH?

Accepted Answer

Yes, both INJ and ETH can be staked to earn rewards, with INJ supporting DeFi staking and ETH enabling staking through Ethereum 2.0.

Question 4

Is this trading pair suitable for beginners?

Accepted Answer

Yes, the INJ/ETH pair is beginner-friendly, offering exposure to two established assets with strong use cases and liquidity.

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 INJ (Ethereum) to ETH Base

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