by the community. For the community – the Spartan Protocol uses this mantra to describe itself. Through the use of DeFi, the Spartan Protocol wears many hats, and offers the following capabilities.
- liquidity pools
- Synthetic token generation
- Asset swaps
With the Spartan protocol, tokens known as “Sparta” are used “As a common settlement asset in all complexes”. These tokens are also used as base assets and when collateral is posted. This restructuring also removes the Spartan protocols’ dependence on an external oracle for price discovery.
The maximum supply of Sparta tokens is 300 million. Of these, 100 million were distributed to initial supporters of the protocol in a “Proof of Burn” event. The rest is allocated to future emissions throughout the next decade.
Spartan Protocol notes that its services are built on top of the Binance Smart Chain due to the networks’ ability to simultaneously offer low fees and fast settlements. The Spartan protocol also notes that the project was inspired by other sources such as Uniswap, THORChain, Synthetix, MakerDAO, and more.
Operating as a DAO, Spartan Protocol does not have any official vault or team responsible for its services.
We list the top 3 exchanges that offer the ability to do so through the Sparta Protocol (Sparta) cryptocurrency using a credit card, debit card, or Bitcoin (BTC).
Binance is one of the largest and most popular cryptocurrency exchange platforms in the world. The benefits of buying Spartan Protocol (SPARTA) here are lower fees than competing exchanges, and increased liquidity that enables you to buy and sell quickly to take advantage of market movement news.
This exchange is best for investors residing in Australia, Canada, Singapore, UK and internationally. US residents are prohibited From the purchase of Spartan Protocol (Sparta).
Read our Binance review or visit Binance.
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PancakeSwap is a decentralized exchange designed to swap tokens in the Binance Smart Chain. This is one of the most popular DEX models as it is powered by Binance. Similar to other exchanges of this type, PancakeSwap uses the Automated Market Maker (AMM) model, which allows users to trade against a pool of liquidity.
The interface and terminology on the website can be confusing, making the exchange suitable for advanced users only. If you simply want to buy Spartan Protocol (SPARTA) as an investment, we recommend Gate.io
Currently, this token is only supported on two secure and regulated exchanges. When it is supported in the third, we will list it in securities.io.
The fact that this cryptocurrency is listed on very few exchanges is not necessarily a quality concern, but it limits the potential upside of the project. With that being said, it’s still early days. The lack of listings among the exchanges is simply due to the fact that the project did not reach the popularity necessary to gain wider support.