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Spartan Protocol (SPARTA)
Liquidity Pools for Asset Exchange and Synthetic Asset Generation on Binance Smart Chain.
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Spartan Protocol aims to build a decentralized exchange with liquidity pools facilitated by an Automated Market Maker (AMM) algorithm with liquidity sensitive fees.
The protocol allows the creation of synthetic assets by locking up the deposited assets of liquidity providers. The total value of the synthetic assets being generated will be the same as that of the assets deposited into the liquidity pool.
The SPARTA token is the native BEP-20 utility token of the platform, and is used as liquidity mining rewards as well as in governance voting.
SPARTA has a maximum supply of 300 million tokens, with the first 100 million SPARTA tokens being minted through Proof-of-Burn. The remaining tokens will be distributed via liquidity mining over the next 10 years.