Spartan Protocol SPARTA

What is Spartan Protocol (SPARTA)?

SPARTA is the native token of the Spartan Protocol, which is a BSC-based DeFi protocol. It provides users with liquidity-sensitive AMM-based swapping through liquidity pools as well as staking possibilities. Through the swap, users can make almost instant and transparent swaps. By providing liquidity to Spartan Protocol liquidity pools, they can generate passive income. Besides, they can stake LP tokens for an additional yield.

Use Cases of SPARTA Tokens

SPARTA coins are mainly used for covering costs within the network, as well as facilitating token swaps. To see the current SPARTA price, check out the Spartan Protocol price chart above. In addition to that, SPARTA token holders get governance rights within the Spartan Protocol DAO.

Who Founded Spartan Protocol?

Spartan Protocol is a community-driven project. It was established by a collective of individuals who had previously worked on the Binance Chain and who had a strong belief in decentralization. Thus, there was no token allocation to the founders, the leading team, or the treasury.

Tokenomics of SPARTA

The max supply of Spartan Protocol tokens is 300 million. There was no ICO held for the distribution of these tokens. Instead, they were launched through the Proof-of-Burn mechanism that was performed on certain bridged BEP-2 tokens at the beginning of the project. Thus, users were able to get SPARTA tokens through burning, liquidity provision, or simply purchasing the token.

Due to its deflationary properties, the SPARTA price is subject to changes and variations according to the supply and demand difference. To check the current value of the token, take a look at the Spartan Protocol price.