UTU, the Kenyan-based technologies company, has announced the official launch of the UTU-BNB liquidity pool on PanCakeSwap.
According to the company blog post, the move was driven by the high gas fees on UniSwap where the token is currently available.
The initial liquidity pool has been seeded with around $150, 000 with approximately $75, 000 each of $UTU and $BNB tokens.
The company blog reads:
“This initial liquidity came out of our Growth Round budget, which is allocated to exchange listings, marketing and community growth, and general expansion of the UTU ecosystem.”
To purchase UTU on PanCakeSwap:
- Open your MetaMask wallet and make sure you’re on the Binance Smart Chain network. Make sure you have BNB in your MetaMask wallet.
- Navigate to the PanCakeSwap DEX and paste the following UTU BEP20 contract address into the search box: 0xed4Bb33F20F32E989AF975196E86019773A7CFf0
(Make sure you are only interacting with the official UTU contract addresses above to avoid getting scammed. Avoid searching for the token on PanCakeSwap)
- Unlock the wallet and enter the amount of BNB you want to swap for UTU
NB: UTU says you will soon be able to port your UTU tokens from Ethereum to BSC and vice versa.
Watch this exclusive BitKE interview with the CEO, UTU, as he introduces the project and latest developments:
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