Question 1

What is JASMY used for?

Accepted Answer

JASMY is a decentralized data platform that allows users to securely manage and monetize their personal data while maintaining privacy and control.

Question 2

Why is AVAX popular in DeFi?

Accepted Answer

AVAX is popular in DeFi due to its fast transaction speeds, low fees, and the Avalanche blockchain's ability to support scalable decentralized applications.

Question 3

Can I trade JASMY for AVAX directly?

Accepted Answer

Yes, you can trade JASMY for AVAX directly on supported exchanges that list this trading pair.

Question 4

What makes AVAX a good investment?

Accepted Answer

AVAX is considered a strong investment due to its utility in the Avalanche ecosystem, its role in powering DeFi applications, and its potential for long-term growth.

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 JASMY (Ethereum) to AVAX (Avalance)

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