Question 1

What is RUNE used for in the THORChain ecosystem?

Accepted Answer

RUNE powers THORChain's decentralized liquidity pools, enabling cross-chain swaps and providing incentives for liquidity providers.

Question 2

Why is DASH considered a privacy-focused cryptocurrency?

Accepted Answer

DASH uses PrivateSend, a feature that anonymizes transactions by mixing them with others, ensuring user privacy and security.

Question 3

Can I trade RUNE for DASH directly?

Accepted Answer

Yes, RUNE can be traded for DASH on supported decentralized exchanges within the THORChain ecosystem.

Question 4

What are the advantages of using DASH for payments?

Accepted Answer

DASH offers instant transactions with InstantSend, low fees, and enhanced privacy, making it a practical choice for everyday use.

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 RUNE (Thorchain) to DASH (Dash)

Description

Frequently Asked Questions