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 trade ETH on the BASE blockchain?

Accepted Answer

ETH on the BASE blockchain offers fast, low-cost transactions and seamless integration with Ethereum's ecosystem, making it ideal for DeFi and Web3 applications.

Question 3

Is JASMY compatible with other blockchains?

Accepted Answer

JASMY is primarily built on the Ethereum blockchain, ensuring compatibility with Ethereum-based wallets, dApps, and smart contracts.

Question 4

What are the benefits of using ETH on BASE?

Accepted Answer

ETH on BASE provides scalability, reduced transaction fees, and access to a growing ecosystem of decentralized applications and services.

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 ETH Base

Description

Frequently Asked Questions