What Is Spartan Protocol (SPARTA)?
Spartan Protocol provides community-governed and programmable token emissions functions to incentivize the formation of deep liquidity pools. This strong base of liquidity will be utilized to provide asset swaps, synthetic token generation, lending, derivatives and more. The common base asset SPARTA provides an internal pricing mechanism without reliance on external oracles. Binance Smart Chain was chosen as the protocol’s home to allow for near-instant settlement and extremely low gas fees.
Unlike Ethereum where each token has its own contract, Spartan Protocol manages all assets via the “Assets” system contract. Think of it as a registry of all assets. It supports well-known asset types like fungible (similar to Ethereum’s ERC-20) and non-fungible ones (similar to Ethereum’s ERC-712) out of the box. Users can easily issue one by calling a function on the Assets contract, supplying asset parameters and sufficient issuance fees. No source code is needed.
Spartan Protocol Storage Key Points
|Coin Name||Spartan Protocol|
|Circulating Supply||104,938,206.44 SPARTA|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Spartan Liquidity Pools
The beating heart of the Spartan Protocol is its incentivised liquidity pools, driving on-market capital formation. The liquidity pools are facilitated by an automatic-market-maker (AMM) algorithm with liquidity-sensitive fees. Liquidity-sensitive fees ensure the system can sense correct token purchasing power at all times, allowing scalable and risk-tolerant growth. Spartans are advised to remove and upgrade their V1 LP in preparation for V2 Pools Launch.
Spartan Synthetic Assets
Spartan Protocol allows the generation of synthetic assets, using price anchors offered by its own liquidity pools, without requiring the user to manage a collateralised debt position. Liquidity-sensitive fees and dynamic synth supply caps ensure positions taken up will scale with the depth of available liquidity, preventing deleveraging spirals common to other DeFi systems.
Lending is possible using a system of fees and collateralised debt. Liquidations of unhealthy positions can be done instantly via liquidity pools, ensuring the system is always safe. A programmable incentive token with multiple incentive streams. Daily liquidity incentives beginning at 30% APY reducing over 10 years. There is no distinction between a coin and a token.
All are assets and Polka Foundry treats them the same. At the time of the main net launch, Spartan Protocol blockchain comes with a pre-issued asset named PKF. This asset is used for gas costs and fees. Future assets can also be used for gas cost and fees, by converting to PKF via the Exchanges system contract.
By the community For the community
The project is galvanized by the communities of former Binance Chain projects. Individual token holders destroy their previous assets to acquire $SPARTA. 30 Binance Chain projects selected to participate. It begins decentralised from Day 0; there is no official team and no treasury. The protocol is autonomous and does not need ongoing maintenance. Contracts that do not expect to receive assets can explicitly refuse them. This prevents the problem of tokens gets stuck in contracts as happened in Ethereum.
Binance Smart Chain
Spartan Protocol is Built for Binance Smart Chain. Do not acquire $SPARTA if you do not subscribe to this direction. BSC is an EVM-compatible delegated-PoS blockchain, with fast (3-sec) block-times and sufficient decentralisation. The BEP-2 and BEP-20 token community is second only to the ERC-20 community, and all can be linked to BSC.
A bunch of System Contracts to enable Polka Foundry Blockchain features like Asset Management, Alias (Naming) Management, Digital Identity, Permissions, Decentralized Gate, etc. The Decentralized Gate is where a contract can communicate with the external, off-main chain world.