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This name is well suited to a social company.
The word "instaxo" contains seven letters and three syllables. Established brands using three syllable names include KFC, Adobe and Vodafone.
This domain was first registered in July 2019. Older domains have an advantage when ranking in search engines.
Instaxo.com is a dot com domain. Dot com domains are the most valuable top-level-domain in the world, famously used by websites like twitter.com. When most people think of a website, they think of a dot com.
One suggestion for how this name could sound when used.