Question 1

What is MNT used for?

Accepted Answer

MNT is primarily used for transactions, DeFi applications, and cross-chain interoperability on the Ethereum blockchain.

Question 2

Why is DOT considered a strong investment?

Accepted Answer

DOT is a key player in the Polkadot ecosystem, offering scalability, interoperability, and governance features that attract developers and investors.

Question 3

Can I stake MNT or DOT?

Accepted Answer

DOT can be staked to secure the Polkadot network and earn rewards, while MNT is not typically used for staking.

Question 4

How do MNT and DOT enhance blockchain interoperability?

Accepted Answer

MNT facilitates cross-chain transactions on Ethereum, while DOT connects multiple blockchains through Polkadot's relay chain, enabling seamless data and asset transfers.

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 DOT Polkadot

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Frequently Asked Questions