Confirmation Times, exchange listing, Fintech, gas fees, Kenya fintech, Liquidity Pool, Low Fees, Pancakeswap, uniswap

In its bid to help users avoid high gas fees on Uniswap, a Kenya-based fintech firm, UTU, recently launched a liquidity pool on the decentralized exchange (dex), Pancakeswap. This launch enables prospective UTU coin buyers to acquire the token “with low fees and fast confirmation times.â€

In a statement posted on the firm’s blog, UTU, which wants to end the anonymous star ratings, reviews, and scores as the de facto trust mechanisms, says this move had been necessitated by the feedback received from users. The statement explains:

However, the statement still warns users to be on the lookout for scams and fake liquidity pools. In addition, the statement also lists down some of the steps that users must adhere to if they are to successfully buy UTU tokens on Pancakeswap.

In the meantime, the tech start-up reveals that as much as $150,000 in seed money had been raised. From this total, approximately $75,000 went to UTU and the other went to BNB. According to the firm, the initial liquidity had come out of “our growth round budget, which is allocated to exchange listings, marketing and community growth, and general expansion of the UTU ecosystem.â€

What are your thoughts on the launch of this liquidity pool? Tell us what you think in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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