Question 1

What is RUNE used for on the THOR blockchain?

Accepted Answer

RUNE is used to facilitate liquidity provision, cross-chain swaps, and governance within the THOR ecosystem.

Question 2

Why is DOGE popular among crypto users?

Accepted Answer

DOGE is popular due to its low transaction fees, strong community, and widespread use in tipping and microtransactions.

Question 3

Can I trade RUNE for DOGE directly?

Accepted Answer

Yes, RUNE can be traded for DOGE on supported decentralized exchanges or platforms that list this trading pair.

Question 4

What makes the RUNE-DOGE pair appealing?

Accepted Answer

The RUNE-DOGE pair combines THOR's cross-chain liquidity with DOGE's accessibility, offering a unique blend of utility and market appeal.

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 RUNE (Thorchain) to DOGE (Doge)

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Frequently Asked Questions