Question 1

What is SHIB used for?

Accepted Answer

SHIB is primarily used for speculative trading, community-driven projects, and as a gateway to decentralized finance (DeFi) on Ethereum.

Question 2

What makes CACAO unique?

Accepted Answer

CACAO is unique for its role in facilitating cross-chain swaps, staking rewards, and governance on the MAYA blockchain, enhancing interoperability and user participation.

Question 3

Can I stake CACAO?

Accepted Answer

Yes, CACAO can be staked to earn rewards and participate in securing the MAYA blockchain network.

Question 4

Is SHIB a good investment?

Accepted Answer

SHIB's value is highly volatile and driven by market sentiment, making it a high-risk, high-reward investment option.

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 SHIB (Ethereum) to CACAO (Mayachain)

Description

Frequently Asked Questions