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

What makes ATOM unique?

Accepted Answer

ATOM enables cross-chain interoperability and powers the Cosmos Hub, allowing seamless communication between different blockchains.

Question 3

Can I stake ATOM?

Accepted Answer

Yes, ATOM can be staked to earn rewards and participate in securing the Cosmos network.

Question 4

Is SAND available on other blockchains?

Accepted Answer

No, SAND is currently an ERC-20 token exclusively on the Ethereum blockchain.

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 SAND (Ethereum) to ATOM (Cosmos)

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Frequently Asked Questions