$SPARTA (23M mcap) is the $SNX (2B mcap) on BinanceSmartChain and will lead the bullrun 2021!

Teaser: The Spartan Protocol combines UniSwap, THORChain, Synthetix and MakerDAO features, but will be launched on Binance Smart Chain as its own separate protocol. The most powerful product is the synthetic assets on Binance Smart Chain which boosted SNX on Ethereum from 10M mcap to 2B mcap (x200) within 1 year. The Synthetics launch is expected in Q1 2021 on Binance Smart Chain.

Stats: Ticker: $SPARTA

Circulating Supply: 62M

Price: 80 cents (30 cents was the entry price from the early supporters)

Mcap: 24.8M mcap

Exchange: Binance

Tokenomics:

No seed / private / public sale investors
No advisor tokens
No team tokens this will prevent a possible dump
Team: Its lead by former of Binance Chain projects.

Initial Start Price: The initial value of SPARTA was set at $0.30 per token, meaning most current token holders paid $0.30 per token, where it’s currently trading at $0.38. New ATH's and price discovery's coming.

CZ CEO of Binance highlighted Spartan Protocol:

www.youtube.com/watch?time_continue=4610&v=8vg-6mMdHYo&feature=emb_logo

Description:

The Spartan Protocol is a protocol for incentives liquidity and synthetic assets (assets pegged to the price of another asset) on the Binance Smart Chain. The core piece of the protocol are liquidity pools, similar to Uniswap, but instead of a fixed-rate fee model a liquidity-sensitive fee model similar to THORChain’s slip-based fees is used.

Currently, liquidity providers (and traders) are penalised on automated-market maker protocols, such as Uniswap, because of manipulation from value-extracting arbitrage bots. These arbitrage bots have been around for a long time now, and suck up millions of liquidity from unknowing users on a weekly basis.

As well as, synthetic mining protocols such as MakerDao and Synthetic use illiquid collateral/markets to liquidate collateral on, which makes it vulnerable to a downwards spiral which has already caused multiple chain liquidations in the past.

Spartan wants to solve these issues through an AMM protocol, through the use of a single settlement asset and protocol-wide incentives to grow liquidity. A slip-based fees model is used to reward liquidity providers rather than slippage bots, a solution discussed and researched a lot by THORchain. Finally, collateralised pool shares (synthetic assets) are used instead of liquid collateral. Synthetic assets are generated through the protocol, using price anchors offered by the liquidity pools, collaterised by liquidity pool shares. These shares are on-market, value-stabilised and can instantly be liquidated. Thanks to this, positions can be liquidated within causing downwards spirals.

The protocol aims to be community-driven and therefore uses a DAO (governance) set-up for fee rates, time factors and upgrades of certain parts of the code (voted on by holders who get incentivised to do so). But, doesn’t overcomplicate governance or sets high requirements for any proposal to pass.

Because the protocol was built on the Binance Smart Chain, BNB is required to use the protocol and pay for fees. Similar to how ETH is used to pay for gas on the Ethereum Network.

Summarised, I got interested in Spartan Protocol because:

It took the best parts from the most popular AMM protocols, combined them and created a very solid protocol by doing so. The protocol was launched on the Binance Smart Chain, which is a very unique value proposition at this point, subject to Binance exposure. Higher leverage, lower fees and much faster then $SNX. The SpartanDAO is build directly on smart contracts.

Website: https://spartanprotocol.org NEW WEBSITE JUST LAUNCHED

App: www.pools.spartanprotocol.org

https://spartanprotocol.medium.com/how-to-swap-in-spartanpools-1c1e5faa0d95

OR

Buy it on Binance by registering for an acct here using my ref URL & save $ from the large kickback on fees you’ll get from me: https://www.binance.com/en/register?ref=B6UKQ85R
It’s trading as a CZ early release special under BNB/SPARTA only.

PLEASE NOTE: If you located in the United States you can still register & trade on Binance like everyone else in the world. All you need to do is get a cheap VPN & connect to a UK, Canadian or Irish server and just make sure you have it turned on and activated every time BEFORE opening & logging onto the Binance app. As long as you do that you can trade perfectly on there without being flagged.

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