Question 1

What is OM used for?

Accepted Answer

OM is primarily used for governance, staking, and facilitating transactions within the ETH blockchain ecosystem.

Question 2

What makes RUNE unique?

Accepted Answer

RUNE is unique for its role in enabling cross-chain liquidity and decentralized trading on the THOR blockchain.

Question 3

Can I stake OM or RUNE?

Accepted Answer

Yes, both OM and RUNE support staking, allowing users to earn rewards while securing their respective networks.

Question 4

How do I trade OM for RUNE?

Accepted Answer

You can trade OM for RUNE on supported decentralized exchanges (DEXs) that list this trading pair.

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 OM (Ethereum) to RUNE (Thorchain)

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Frequently Asked Questions