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.
SEE ALSO: [WATCH] Kenyan-based Utu Technologies Releases the UTU Decentralized Trust API and Infrastructure Engine
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:
(Make sure you are only interacting with the official UTU contract addresses above to avoid getting scammed. Avoid searching for the token on PanCakeSwap)
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:
RECOMMENDED READING: Xend Finance Sees One of the Largest Liquidity BootStrapping Pools on Balancer as it Launches on UniSwap
Follow us on Twitter for latest posts and updates
Join and interact with our Telegram community
Subscribe to the channel below to keep updated on latest news on video:
Open a Bizlato Bitcoin / Ethereum Trading Account to get started!