About Spartan Protocol
Spartan Protocol (SPARTA) is a cryptocurrency launched in 2020and operates on the BNB Smart Chain (BEP20) platform. Spartan Protocol has a current supply of 74,782,755.88148826. The last known price of Spartan Protocol is 0.00140483 USD and is down -2.92 over the last 24 hours. It is currently trading on 24 active market(s) with $0.00 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
₹7.92M
-15.48%
FDV
₹31.78M
Circ. Supply
75M SPARTA
Max Supply
300M SPARTA
Total Supply
75M SPARTA
Diluted Valuation
₹10.50M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹104.31K
759.98%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
₹213.65
Price Change (1Y)
-83.28%
Additional details
Recent trends
The latest SPARTA price is ₹0.11. Compared to Spartan Protocol's value of ₹0.12 from 24 hours ago, there's been a -14% decrease, while the current price is -25% down from ₹0.14 which was recorded one week ago. Spartan Protocol's all time high is ₹213.65, which was reached on February 19, 2021. This is a -100% change from its price today.
The current circulating supply of Spartan Protocol is 74,782,756. This is 25% of its max supply of 300,000,000 SPARTA and 100% of its total supply of 74,782,756. The market cap is currently ₹7.92M, which is a result of multiplying the current price of Spartan Protocol(₹0.11) by the total supply(74,782,756 SPARTA). The fully diluted valuation of Spartan Protocol is ₹31.78M. The diluted valuation of Spartan Protocol is ₹31.78M.
Market details
SPARTA vs markets
↘ 88%
SPARTA vs BTC
↘ 89.75%
SPARTA vs ETH
↘ 76.63%
Tags
binance-chain
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x3910db0600eA925F63C36DdB1351aB6E2c6eb102 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹0.11 | ↘ 14.32% |
1 Day | ₹0.12 | ↘ 14.32% |
1 Week | ₹0.14 | ↘ 24.85% |
1 Month | ₹0.23 | ↘ 54.06% |
1 Year | ₹0.61 | ↘ 83.28% |
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 INR currency in real-time. Get the live price of Spartan Protocol on Coinbase.
The current market cap of Spartan Protocol is ₹7.92M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Spartan Protocol is ₹213.65. 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 ₹104.31K.
Assets that have a similar market cap to Spartan Protocol include Janet, PYRIN, Living the Dream, 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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Legal
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