Question 1

What is XAUt?

Accepted Answer

XAUt is a tokenized representation of physical gold on the Ethereum blockchain, providing a digital and secure way to invest in gold.

Question 2

What is RUNE used for?

Accepted Answer

RUNE is the native token of the THOR blockchain, used for securing the network, providing liquidity, and enabling cross-chain swaps.

Question 3

How does XAUt ensure transparency?

Accepted Answer

XAUt is backed by physical gold reserves, with its value and ownership recorded transparently on the Ethereum blockchain.

Question 4

Why is RUNE important for DeFi?

Accepted Answer

RUNE facilitates decentralized liquidity pools and cross-chain interoperability, making it a key component of the THORChain ecosystem and DeFi applications.

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 XAUt (Ethereum) to RUNE (Thorchain)

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