Spartan Protocol aims to promote centralized trading through automatic Market maker (AMM) algorithm with automatic fee adjustment mechanism.Spartan Protocol allows users to mortgage native assets to generate synthetic assets. The value of the generated synthetic assets will be equal to the value of the original assets it mortgages.SPARTA token is a native BEP-20 functional token of the platform, 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 a decade.Project IntroductionThe Sparta protocol is composed of a group of anonymous developers. The Spartan community has made great contributions to the construction and iteration of the Spartan protocol. For SPARTA coin holders, SpartanDAO will give them the right to make important decisions that may arise in the agreement. Drawing on the advantages of Uniswap, THORChain, Synthetix, MakerDAO, and Vader/Vehicle Protocol, the Sparta Agreement will provide a complete integrated solution for synthetic assets, asset lending, and asset liquidity. Due to the various impacts that system governance will have on mortgaged assets, the Sparta Agreement will not require excessive governance at the level of system parameter modifications and contract upgrades.Unlike other liquid mining projects, SPARTA is distributed through a Proof of Burn (Certificate of Destruction). SPARTA, as the fundamental asset, liquidation asset, and collateral asset of the entire agreement, needs to have strong underlying value support. The Sparta team will not reserve any SPARTA tokens, and all tokens will be distributed to network participants after the main network is launched.
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