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ACQUIRING SPARTA
Sparta’s Initial Distribution is via Proof-of-Burn. Participants burn their previous assets in order to acquire a share of 100,000,000 $SPARTA.
The remaining 200,000,000 $SPARTA is emitted to participants for the provision of liquidity in liquidity pools via a supply-responsive emission schedule.
A protocol fee-burn ensures 300,000,000 is never reached, and eventually fees will offset emissions.
All burnt assets will be sent to the 0x0 address on Binance Smart Chain and will be forever destroyed.
The SPARTA contract will mint the respective amount of assets, and send to the claimant’s address, on a first-come-first-serve basis.
Do not acquire SPARTA unless you intend to forever destroy your previous assets and participate in the SPARTAN Protocol.
If all assets are burnt, then SPARTA will have absorbed roughly $30m in capital.