Question 1

What is SAND used for?

Accepted Answer

SAND is used within The Sandbox ecosystem for purchasing assets, staking, and participating in governance decisions.

Question 2

Why choose DASH for transactions?

Accepted Answer

DASH is known for its fast transaction speeds, low fees, and enhanced privacy features, making it ideal for everyday payments.

Question 3

Can I stake SAND tokens?

Accepted Answer

Yes, SAND tokens can be staked to earn rewards and participate in the governance of The Sandbox platform.

Question 4

Is DASH a good option for remittances?

Accepted Answer

Yes, DASH's low fees and fast transaction times make it a cost-effective and efficient choice for cross-border remittances.

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 SAND (Ethereum) to DASH (Dash)

Description

Frequently Asked Questions