Question 1

What is MNT used for?

Accepted Answer

MNT is primarily used for transaction fees, staking, and governance within the ETH blockchain ecosystem.

Question 2

What makes RUNE unique?

Accepted Answer

RUNE is unique for its role in facilitating cross-chain liquidity and decentralized trading on THORChain, ensuring secure and efficient asset swaps.

Question 3

Can I stake MNT or RUNE?

Accepted Answer

Yes, both MNT and RUNE can be staked to participate in network security and earn rewards.

Question 4

How do I trade MNT for RUNE?

Accepted Answer

You can trade MNT for RUNE on supported decentralized exchanges or platforms that integrate THORChain's cross-chain liquidity pools.

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 RUNE (Thorchain)

Description

Frequently Asked Questions