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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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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

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.

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.

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