Question 1

What is LTC used for?

Accepted Answer

LTC is primarily used for fast and low-cost peer-to-peer transactions, as well as a store of value and trading asset.

Question 2

What makes CACAO unique?

Accepted Answer

CACAO is unique for its role in facilitating cross-chain swaps and providing liquidity in the MAYA ecosystem, alongside enabling decentralized governance.

Question 3

How can I trade LTC for CACAO?

Accepted Answer

You can trade LTC for CACAO on supported decentralized exchanges (DEXs) or platforms that list the LTC/CACAO trading pair.

Question 4

Is CACAO a good investment?

Accepted Answer

CACAO's value depends on its utility within the MAYA ecosystem, including its role in DeFi and governance, making it appealing to those interested in decentralized finance.

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 LTC (Litecoin) to CACAO (Mayachain)

Description

Frequently Asked Questions