Spartan Protocol aims to facilitate decentralized trading through an Automated Market Maker (AMM) algorithm with a self-adjusting fee mechanism.
Spartan Protocol allows users to mortgage native assets to generate synthetic assets. The value of the resulting synthetic asset will be equal to the value of the native asset it is collateralized against.
The SPARTA token is the platform's native BEP-20 utility token and is used for liquidity mining rewards and network governance voting.
The maximum total amount of SPARTA tokens is 300 million, of which 100 million initial tokens are generated by the Proof-of-Burn mechanism. The remaining 200 million tokens will be distributed to users through liquidity mining within ten years.

Project Introduction

The Spartan Protocol is formed by a group of anonymous developers. The Spartan community has made great contributions to the construction and iteration of the Spartan protocol. For SPARTA token holders, SpartanDAO will give them the right to make important decisions in the protocol. Drawing on the advantages of Uniswap, THORChain, Synthetix, MakerDAO, and Vader/Vether Protocol, Spartan Protocol will provide a complete integrated solution for synthetic assets, asset lending, and asset liquidity. Since system governance will have various impacts on mortgage assets, the Spartan Protocol will not require too much governance at the level of system parameter modification and contract upgrade.
SPARTA is different from other liquidity mining projects. SPARTA is distributed in the form of Proof of Burn. As the basic asset, liquidation asset, and mortgage asset of the entire agreement, SPARTA needs a strong underlying value support. The SPARTA team will not reserve any SPARTA tokens, and all tokens will be distributed to network participants after the mainnet goes live.