A group of motivated Binance Community members saw the opportunity to develop a liquidity pool platform that takes advantage of the superior qualities of the Binance Smart Chain ecosystem. A platform for the community with equal access and participation by all.
Core points about the ethos of the project:
The project is created by the community, for the community
Individual token holders destroy their previous assets to acquire $SPARTA through Proof-of-Burn
30 Binance Chain projects selected to participate - with the intent to drive forward the adoption of Binance Smart Chain and to grow the Binance Chain ecosystem
The project starts as decentralised as possible and continues to further distribute as time goes on
The Protocol strives towards being completely autonomous with no requirement for ongoing maintenance
The Spartan Protocol can also facilitate the following features:
Synthetic Token Generation using liquidity pool shares
Lending markets using a flexible peg-out of low-use pool capital
Derivatives by winding up synthetic token generation in multiple runs
With synthetics and lending contracts, Spartan Protocol has combined many varied and popular aspects of the De-Fi landscape. We are utilising the best parts of other prominent and very successful protocols such as UniSwap, Thorchain, Synthetix, MakerDAO, and Vader/Vether Protocol.
The future of DeFi is right before your eyes.