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.
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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.”
– UTU
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.
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Watch this exclusive BitKE interview with the CEO, UTU, as he introduces the project and latest developments:
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RECOMMENDED READING: Xend Finance Sees One of the Largest Liquidity BootStrapping Pools on Balancer as it Launches on UniSwap
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