Question 1

What is UNI used for?

Accepted Answer

UNI is the governance token for Uniswap, allowing holders to vote on protocol upgrades and participate in the platform's decentralized decision-making process.

Question 2

What makes RUNE unique?

Accepted Answer

RUNE is the native token of THORChain, enabling cross-chain liquidity and decentralized trading across multiple blockchain networks without the need for wrapped assets.

Question 3

Can I trade UNI for RUNE directly?

Accepted Answer

Yes, UNI can be traded for RUNE on supported decentralized exchanges or platforms that facilitate cross-chain swaps.

Question 4

Is RUNE a good investment?

Accepted Answer

RUNE's value is tied to its utility in the THORChain ecosystem, making it a promising asset for those interested in cross-chain DeFi solutions and liquidity provision.

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 UNI Ethereum to RUNE Thorchain

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