Spartan Protocol is designed to facilitate decentralized trading through an Automated Market Maker (AMM) algorithm with an auto-adjusting fee mechanism. 
Spartan Protocol allows users to stake native assets to generate synthetic assets. The value of the generated synthetic assets will be equivalent to that of the staked native assets. 
The SPARTA token is the native BEP-20 utility token of the platform, used for liquidity mining rewards and network governance voting. 
The maximum supply of SPARTA tokens is 300 million, with 100 million initial tokens generated via a Proof-of-Burn mechanism. The remaining 200 million tokens will be distributed to users over ten years through liquidity mining.

Project Introduction

Spartan Protocol was developed by a group of anonymous developers. The Spartan community has significantly contributed to the development and iteration of Spartan Protocol. For SPARTA token holders, SpartanDAO will grant them the power to make important decisions within the protocol. Drawing from the strengths of Uniswap, THORChain, Synthetix, MakerDAO, and Vader/Vether Protocol, Spartan Protocol offers a comprehensive, integrated solution for synthetic assets, asset lending, and asset liquidity. Since system governance will impact collateralized assets in various ways, Spartan Protocol requires minimal governance regarding parameter adjustments and contract upgrades. 
Unlike other liquidity mining projects, SPARTA is distributed through a Proof of Burn mechanism. As the foundational, liquidation, and collateral asset of the entire protocol, SPARTA needs robust underlying value support. The Spartan team will not reserve any SPARTA tokens; all tokens will be distributed to network participants after the mainnet launch.