Question 1

What is OKB used for?

Accepted Answer

OKB is used for discounted trading fees, accessing exclusive rewards, and interacting with decentralized applications on the ETH blockchain.

Question 2

What are the benefits of holding CACAO?

Accepted Answer

Holding CACAO allows users to participate in staking, governance, and cross-chain liquidity solutions on the MAYA blockchain.

Question 3

Can I trade OKB for CACAO directly?

Accepted Answer

Yes, OKB can be traded for CACAO on supported exchanges that list this trading pair.

Question 4

Is CACAO a gas token?

Accepted Answer

Yes, CACAO serves as the native gas token for the MAYA blockchain, facilitating transactions and smart contract operations.

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 OKB (Ethereum) to CACAO (Mayachain)

Description

Frequently Asked Questions