About Spartan Protocol
Market Stats
Market Cap
$29,928.47
FDV
$120,061.66
Circulating Supply
74,782,755.881 SPARTA
Max Supply
300,000,000 SPARTA
Total Supply
74,782,755.881 SPARTA
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$35,797.08
0%
All time high
$2.47
Additional info about Spartan Protocol
Networks and details
The current price is $0.000400 per SPARTA with a 24-hour trading volume of $35.80K. Currently, Spartan Protocol is valued at 99.98% below its all time high of $2.47. This all-time high was the highest price paid for Spartan Protocol since its launch.
The current circulating supply of Spartan Protocol is 74,782,755.881 SPARTA which means that Spartan Protocol has as total market cap of $29,928.47.
Price history
Today | $0.000400 | 0.00% |
1 Day | $0.000400 | 0.00% |
1 Week | $0.000400 | 0.00% |
1 Month | $0.0012 | ↘ 65.28% |
1 Year | $0.0118 | ↘ 96.62% |
Market details
Performance against other markets | ↘ 96.69% |
Performance against BTC | ↘ 97.2% |
Performance against ETH | ↘ 93.37% |
Performance in the past year | ↘ 96.62% |
FAQ
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 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.
The fixed maximum total supply of Spartan Protocol (SPARTA) tokens is 300 million.
We update our Spartan Protocol to USD currency in real-time. Get the live price of Spartan Protocol on Coinbase.
The current market cap of Spartan Protocol is $29.93K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Spartan Protocol is $2.47. This all-time high is highest price paid for Spartan Protocol since it was launched.
Over the last 24 hours, the trading volume of Spartan Protocol is $35.80K.
Assets that have a similar market cap to Spartan Protocol include Busy DAO, Spike, Hashgard, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Spartan Protocol is 75 million.
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Social stats
Popularity in posts
#2854
Contributors
24
Posts
606,284
% About Spartan Protocol
0.007%
Hold times
0 days
X (Twitter)
11.76% bullish
Sentiment
2.2 ★
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.
Highlights
24 unique individuals are talking about Spartan Protocol and it is ranked #2,854 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Spartan Protocol has an average sentiment score of 2.2 out of 5. Finally, Spartan Protocol is becoming more newsworthy, with 0 news articles published about Spartan Protocol. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Spartan Protocol. There were 11.76% of tweets with bullish sentiment compared to 11.76% of tweets with a bearish sentiment about Spartan Protocol. 76.47% of tweets were neutral about Spartan Protocol. These sentiments are based on 34 tweets.
On Reddit, Spartan Protocol was mentioned in 10 Reddit posts and there were 27 comments about Spartan Protocol. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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