Question 1

What is RAY used for on the SOL blockchain?

Accepted Answer

RAY is primarily used for DeFi applications, including staking, lending, and trading, leveraging the SOL blockchain's high-speed and low-cost infrastructure.

Question 2

What makes CACAO unique on the MAYA blockchain?

Accepted Answer

CACAO facilitates cross-chain liquidity and enables users to swap assets across different blockchains securely and efficiently, enhancing interoperability.

Question 3

How can I trade RAY for CACAO?

Accepted Answer

You can trade RAY for CACAO on supported decentralized exchanges (DEXs) that list this trading pair, ensuring compatibility with both SOL and MAYA blockchains.

Question 4

Are there any risks associated with trading RAY and CACAO?

Accepted Answer

As with any crypto trading, risks include market volatility and smart contract vulnerabilities; always conduct thorough research and use trusted platforms.

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 RAY (Solana) to CACAO (Mayachain)

Description

Frequently Asked Questions