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Spartan Protocol
SPARTA
Spartan Protocol is not supported by Coinbase.
Market
Market stats
Market cap
$506,684.25
Volume (24h)
$26,156.06
Circulating supply
88.1M SPARTA
All time high
$144.5M
Price change (1h)
+0.24%
Price change (24h)
-8.29%
Price change (7d)
-11.21%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Spartan Protocol is on the decline this week.
The price of Spartan Protocol has fallen by 11.21% in the past 7 days. The price declined by 8.29% in the last 24 hours. In just the past hour, the price grew by 0.24%. The current price is $0.0058 per SPARTA. Spartan Protocol is 100.00% below the all time high of $144,486,847.83.
The current circulating supply is 88,061,227.059 SPARTA.
About
What Is Spartan Protocol (SPARTA)?
Spartan Protocol is a DeFiprotocol built for liquidity and synthetic assets generation for Binance Smart Chain. The protocol wants all assets to be productive and liquid; therefore, it rewards tokens for the formation of liquidity pools. As per the whitepaper, the Spartan Protocol aims to allow the safe progress of synthetic assets lending markets. Binance Smart Chain was chosen as the protocol's home to allow near-instant settlement and low gas fees.
Spartan aims to solve the liquidity and synthetic assets problems. Current automated market maker (AMM) protocols are susceptible to price manipulation and value extraction from different agents, which penalizes liquidity providers. Also, current synthetic asset minting protocols use illiquid markets to liquidate collateral. This liquidating of collateral reduces capital efficiency and makes the protocol vulnerable to price reductions. Spartan attempts to solve the problem via AMM protocol, but with the key difference of a single settlement asset and incentives to bootstrap liquidity. Spartan also seeks to solve the liquid creation of synthetic assets using collateralized pool shares instead of illiquid collateral. In addition, the underlying algorithm uses slip-based fees to drive value capture to liquidity providers. The platform links the assets to the pools so positions can be predictably priced and instantly liquidated.
Some of the features of the Spartan Protocol aim to be the following:
Spartan Liquidity Pools: The core component of the Spartan Protocol is the native incentivized liquidity pools, driving on-market capital formation.
Spartan Synthetic Assets: Spartan Protocol allows the generation of synthetic assets, using price anchors offered by native liquidity pools without requiring the user to manage a collateralized debt position.
Spartan Lending: Lending is possible using a system of fees and collateralized debt.
Spartan DAO: Spartan Protocol is run by a native DAO. The purpose is to release the DAO in stages to familiarize the community with the powerful decentralized decision-making features.
Spartan Protocol (SPARTA) is the native token of the platform. SPARTA is used as the common settlement asset in all pools and aims to provide an internal pricing mechanism without depending on external authorities. SPARTA is initially distributed via a process of proof of burn, where participants elect to destroy previous native assets in return for a share of SPARTA. In addition, SPARTA is required as the base asset and the collateral asset.
History of Spartan Protocol (SPARTA)
The fixed maximum total supply of Spartan Protocol (SPARTA) tokens is 300 million.
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Spartan Protocol Calculator
How much is 1 SPARTA?
Conversion Table
SPARTA/CAD (Canadian Dollar)
CA$0.0078
SPARTA/GBP (British Pound)
£0.0047
SPARTA/BRL (Real)
R$0.0290
SPARTA/EUR (Euro)
€0.0054
SPARTA/NGN (Nigerian Naira)
NGN 4.45
SPARTA/SGD (Singapore Dollar)
S$0.0079
Reading List
News
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FAQ
What is the current price of Spartan Protocol?
We update our Spartan Protocol to USD currency in real-time. Get the live price of Spartan Protocol on Coinbase.
What is the market cap of Spartan Protocol?
The current market cap of Spartan Protocol is $506.68K. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Spartan Protocol?
The all-time high of Spartan Protocol is $144,486,847.83. This all-time high is highest price paid for Spartan Protocol since it was launched.
What is the 24 hour trading volume of Spartan Protocol?
Over the last 24 hours, the trading volume of Spartan Protocol is $26.16K.
What other assets are similar to Spartan Protocol?
Assets that have a similar market cap to Spartan Protocol include Ycash, Zenfuse, Revolt 2 Earn, and many others. To see a full list, see our comparable market cap assets.
How many Spartan Protocol are there?
The current circulating supply of Spartan Protocol is 88 million.
Can I buy Spartan Protocol on Coinbase?
No, Spartan Protocol is not currently available on Coinbase, but you can sign up to get the latest news on Spartan Protocol and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.