Kenya Based Technology Firm Switches to Pancakeswap, Cites High Gas Fees on Uniswap

Kenya Based Technology Firm Switches to Pancakeswap, Cites High Gas Fees on Uniswap
фото показано с : news.bitcoin.com

2021-5-17 09:00

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.”

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:

You have expressed your concerns about the high gas fees on Uniswap and how much of a hurdle these fees are to purchasing UTU coin.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

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.”

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

Similar to Notcoin - Blum - Airdrops In 2024

origin »

PancakeSwap (CAKE) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $1.4881
Капитализация $0 Rank 99999
Цена в час новости $ 0.235 (-100%)

fees uniswap utu gas high pancakeswap firm

fees uniswap → Результатов: 48


Фото:

Ethereum-Based DEX Uniswap Generates Half of Bitcoin’s Total Transaction Fees

In a show of dominance, the total transaction fees generated by Uniswap — a leading Ethereum-based decentralized exchange (DEX), is approximately 50 percent of Bitcoin’s. The Rise and Rise of Uniswap In a tweet posted on Aug 19 to highlight and contrast between the developments of Ethereum and Bitcoin, the metric goes on to show thereRead MoreRead More.

2020-8-19 17:07


Виталик Бутерин рассказал, что никогда не занимался «доходным фермерством»

Создатель эфириума Виталик Бутерин сказал, что вообще не занимался «доходным фермерством» (yield farming) в децентрализованных финансах (DeFi). I honestly have not done *any* yield farming at all. I put a few coins into uniswap a long time ago and took them out after earning a few percent on fees but that's pretty much it. — […]

2020-8-15 20:59


Виталик Бутерин заработал на доходном фермерстве «несколько процентов»

Сооснователь Ethereum Виталик Бутерин признал, что доходное фермерство его не заинтересовало. I honestly have not done *any* yield farming at all. I put a few coins into uniswap a long time ago and took them out after earning a few percent on fees but that's pretty much it.

2020-8-15 20:07


Фото:

Uniswap Surpasses July Trading Volume in Under Two Weeks in August While ETH Fees Soars

Decentralized cryptocurrency exchange (DEX) Uniswap has surpassed its July trading volume figures merely less than two weeks into August, Coindesk reports, August 13. Uniswap Reports Record-Shattering Trading Volume Uniswap DEX seems to be riding the bullish tides of the cryptocurrency market which reflects in its unprecedented trading volume figures.

2020-8-14 21:07


Фото:

Ethereum Gas Fees Dips Amid Easing Network Congestion

The smart contract platform’s gas fees finally seem to be dipping as network congestion shows signs of easing. Ethereum Network Congestion Easing The months of June and July witnessed unprecedented transaction activity on the Ethereum (ETH) network, buoyed by the astronomical rise in popularity of decentralized finance (DeFi) protocols such as Uniswap, Aave, Compound, andRead MoreRead More.

2020-8-5 20:07