Question 1

What is POL used for on the ETH blockchain?

Accepted Answer

POL is used for governance, staking, and enabling interoperability across decentralized applications on the ETH blockchain.

Question 2

What makes ATOM unique in the Cosmos ecosystem?

Accepted Answer

ATOM facilitates cross-chain communication and powers the Cosmos Hub, enabling scalable and interoperable blockchain networks.

Question 3

Can I stake POL or ATOM?

Accepted Answer

Yes, both POL and ATOM can be staked to earn rewards and participate in network governance.

Question 4

How does the POL/ATOM trading pair benefit users?

Accepted Answer

The POL/ATOM pair allows users to access two leading ecosystems, combining ETH's decentralized app capabilities with Cosmos' cross-chain interoperability.

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 POL (Ethereum) to ATOM (Cosmos)

Description

Frequently Asked Questions