Question 1

What is POL used for on the ETH blockchain?

Accepted Answer

POL is used for governance and staking, allowing holders to vote on proposals and secure the network.

Question 2

What makes RUNE unique on the THOR blockchain?

Accepted Answer

RUNE facilitates cross-chain liquidity and decentralized trading, enabling users to swap assets across different blockchains without intermediaries.

Question 3

How can I trade POL for RUNE?

Accepted Answer

You can trade POL for RUNE on decentralized exchanges (DEXs) that support the ETH and THOR blockchains.

Question 4

Is RUNE a good investment?

Accepted Answer

RUNE's utility in cross-chain liquidity and its role in the THORChain ecosystem make it a promising asset, but always conduct your own research before investing.

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 RUNE (Thorchain)

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Frequently Asked Questions