Question 1

What is MNT used for on the ETH blockchain?

Accepted Answer

MNT is primarily used for decentralized applications, microtransactions, and as a utility token within its ecosystem.

Question 2

Why is ETH on the ARB blockchain popular?

Accepted Answer

ETH on ARB is popular due to its scalability, low transaction costs, and compatibility with Ethereum-based smart contracts and dApps.

Question 3

Can I stake MNT or ETH on these blockchains?

Accepted Answer

Yes, both MNT and ETH can be staked, with ETH offering staking rewards through its proof-of-stake mechanism and MNT providing staking options within its ecosystem.

Question 4

How do I trade MNT for ETH on ARB?

Accepted Answer

You can trade MNT for ETH on ARB using decentralized exchanges (DEXs) or platforms that support cross-chain swaps between these assets.

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

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap MNT (Ethereum) to ETH Arbitrum

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Frequently Asked Questions