Question 1

What is VIRTUAL used for?

Accepted Answer

VIRTUAL is designed for use in decentralized applications on the ETH blockchain, offering scalability, security, and seamless integration.

Question 2

Why is DOT considered a strong investment?

Accepted Answer

DOT is a key player in the blockchain ecosystem, enabling interoperability and supporting DeFi and Web3 applications, making it a valuable asset.

Question 3

How does VIRTUAL ensure security?

Accepted Answer

VIRTUAL leverages the ETH blockchain's robust security features, ensuring safe and reliable transactions for users.

Question 4

What makes DOT unique compared to other tokens?

Accepted Answer

DOT stands out due to its role in enabling cross-chain communication and its governance model, which empowers its community to shape its future.

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 VIRTUAL (Ethereum) to DOT (Polkadot)

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