Question 1

What is MNT used for?

Accepted Answer

MNT is primarily used for DeFi applications, cross-chain transactions, and as a utility token within its ecosystem.

Question 2

Why trade ETH on the BASE blockchain?

Accepted Answer

ETH on BASE offers enhanced scalability, lower transaction costs, and seamless integration with Ethereum-based dApps.

Question 3

Is MNT compatible with other blockchains?

Accepted Answer

Yes, MNT supports cross-chain interoperability, enabling transactions across multiple blockchain networks.

Question 4

What are the benefits of using ETH on BASE?

Accepted Answer

ETH on BASE provides faster transaction speeds, reduced gas fees, and access to a growing ecosystem of decentralized applications.

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 MNT Ethereum to ETH Base

Description

Frequently Asked Questions