The Spartan Protocol Explained

Spartan Swap holds a promise as the DeFi boom continues to defy all odds. Here is what the project is all about.

One of the latest developments in the world of cryptocurrencies has to do with the deepening of the DeFi markets. The introduction of liquidity pools alongside yield farming, and fast access to funds has opened up a new frontier of possibilities that many investors are still exploring at the moment. Spartan Protocol provides an opportunity to access liquidity pools and experience decentralized finance in all possible areas of use.

What is Spartan Protocol 

Spartan Protocol is geared towards the enablement of deepened capital formation through the provision of incentives for participation in liquidity pools. The platform supports the creation of various synthetic assets in a safe manner, adding value and advancing the financial goals of investors. The project is described as a top performer in the ranking of liquidity projects hosted within the Binance Smart Chain.

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SpartanSwap

On the platform, there is the SpartanSwap, which is a native market maker (AMM) with automated functionality. It operates essentially with liquidity sensitive charges or fees.

SpartanLending

With DeFi leading right now in the area of lending, this feature allows for participants on the platform to lend assets or borrow synthetic and real tokens within the platform.

SpartanSynths

This operates within the platform as a tool for minting of synthetic assets. It is weighted to defined and flexible price feeds in order to create leverage and derivatives that are linked to other assets on Binance Smart Chain.

SpartanDAO

Like every DAO with a reward token in its ecosystem, within the Spartan Protocol, the means of governance is defined and using SPARTA, it is able to provide incentives for the lending of digital assets as well as to deepen capital formation. It is also used for rewarding miners on the ecosystem.

Similar Projects and Competition

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There are several projects on the DeFi plane right now that compares substantially with Spartan Protocol. These are looked at a bit more closely below:

JustSwap

This project is native to Tron ecosystem and has the benefit of a huge base of users. However, the project only shares an aspect of Spartan Protocol in its SpartanSwap description. User loyalty would endear investors who are familiar with Tron to try out JustSwap. As much as possible, it is also okay to point out that the support of Binance Smart Chain for SpartanSwap makes it as credible as any other similar project.

Yearn Finance

Yearn Finance is a leading force in DeFi with its early head start as an aggregator explored by investors to maximize yield farming profits. Quite like Spartan Protocol, anyone investing in YFI is confident that the best yields will result for every token bought.  While YFI is marketed majorly as a token that presents the best gains, Spartan Protocol is yet far off from maturity and likely to provide a leap in capital gains going forward.

UniSwap

UniSwap operates an automated liquated pool much like the AMM of Spartan Protocol. Uniswap targets users of the platform to become liquidity providers so that funds are pooled to execute trades. The returns from trades completed and related contracts falls back to each liquidity provider as distributions and via the native UNI token. Much like Sparta, used to incentivize the Sparta ecosystem, UNI does essentially the same function, and is growing in market value.

 Why Use Sparta?

Like most newer projects with a real value addition potential, getting in early means the possibility of higher gains is possible as the project matures. With the known and leading names in DeFi at various levels of maturity, Sparta promises a rush of capital gains for token holders if the present momentum is sustained and not forgetting that is just about to be 6 months in existence by March 2021.

Sparta was given rise to when previously existing 30 projects on Binance Chain used their respective token burn to acquire Sparta. The effect of such combination is the large size of assets that underlie the platform at 300,000,000 tokens. This also enhances the liquidity position and tokens can be readily matched, open orders executed, and auto market maker functions facilitated for the credibility of the platform.

Participants on the platform are also encouraged by the large community of stakeholders, which arose from the other projects that merged into Sparta. The larger the governing community, the higher the chances of democratic norms and better accountability, at least in DeFi.

Price Possibilities 

In looking at the price possibilities for Sparta, a review of the historical position, possible trajectory to the future as well as future price potentials are considered.

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This Is How The Celsius Network Works

Celsius Network offers investors an opening for a decent ROI with the performance of CEL beating several competitors.

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CELSIUS NETWORK REVIEW

There are many platforms available for crypto transactions. Most times, these platforms do not meet your needs. Let us look at one of the leading platforms you can use.

The CELSIUS NETWORK is a modern advanced crypto platform that deals with all cryptocurrency-based transactions. Celsius Network has been in existence for years now with appreciable transaction rate and recommendations from high profile companies and individuals. The platform provides an opportunity to keep and invest your crypto assets in addition to collateral-backed loans.

Compared to big competitors in the cryptocurrency market, there is an appreciable increase in the market price of Celsius token (denoted as CEL), this is due to an enhanced ROI as well as volatility, which provides every investor enough opportunity for profits and little or no losses.

HOW THE CELSIUS NETWORK SYSTEM WORKS

The basic thing to do after registering on this platform is to purchase the token (CEL) and trade your positions. Purchasing the token alone does not guarantee maximal output.

This network system allows any form of investment and guarantees an adequate rate for compensation. Every investor is entitled to certain berth of  opportunities depending on investment made.

Investors with less than 5% investment of their assets are not entitled to any bonus profit and discount or loan interest.  They simply earn what they have invested and nothing else in addition.

However, those who invest about 10% of their capital and assets in Celsius Tokens will earn a bonus of about 10% interest and a loan discount. For investors with about 15% CEL Tokens investment, they earn about 20% interest on both bonus and loan.

The highest investors with over 15% of their capital and assets in CEL tokens earn the highest bonus interest of about 35% and discount 30% loan interest.

This is no doubt a great and rare opportunity for everyone, one that is not available on other cryptocurrency platforms.

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HOW CELSIUS TOKENS WORKS

Generally, all transactions on the Celsius network are done in CEL Tokens, which is the unit for all transactions. This is to ensure equal opportunity and interest for all regardless of currency and asset. The Celsius tokens are used for all withdrawal and deposit transactions. It also makes you as an investor entitled to bonuses and interest. You need to stake and invest with CEL tokens, to enjoy more benefits.

HOW TO EARN PROFIT THROUGH CELSIUS NETWORK

Earning profits has never been easier with any other cryptocurrency platform than the Celsius network. Celsius network gives you a certain interest as profit on every deposit you make into its platform. Unlike other networks, it charges no extra fee for withdrawal or deposit. Those with over 15% investment earn more profits. Quite an incentive for you to open a new account today.

COLLECTING LOAN ON CELSIUS NETWORK

The platform  provide loans of any value to all their customers as long as the corresponding value of collateral in form of cryptocurrency is met. The CEL tokens allow good rates for loans on the system.

HOW CELSIUS NETWORK DETERMINE SERVICE RATES

Due to regular increases and competition in the markets, the Celsius network adjusts service rate weekly. Most of these profits are returned to the market to trade.

MERITS AND DEMERITS OF USING THE CELSIUS NETWORK

Their major aim and objective are to provide an equal financial opportunity for all in the crypto world.

       Merits of Celsius Network

  • Deposits and withdrawal are not limited to this platform, without charging extra fees for them.
  • It gives regular interest rate pay-out to all investors.
  • This network provides an opportunity to transact with other cryptocurrencies without extra charges or issues.
  • The customer support service is available 24/7, and are easily contacted for any support.
  • The platform is available in many countries.

 Demerits of Celsius Network

  • Transactions must be made in CEL tokens before a user can earn interest and bonus.
  • As an investor, you are only allowed to own one crypto wallet address for all your transactions. If you wish to change your wallet address, it takes about 24hrs for a complete activation.
  • To register, all your necessary means of identification and details must be completely verified.

All these are what makes Celsius Network stand out in the cryptocurrency market along with its cons which are attempts to provide maximum protection and satisfaction for all investors and to avoid dubious acts. 

FREQUENTLY ASKED QUESTIONS ABOUT CELSIUS NETWORK

  • Q: Is it safe to trust the Celsius network?

After many years in the market with good recommendations and quality service, it is arguably the best and safest cryptocurrency platform for all investors at all levels. The platform protects against cyber threats. The system provides a 2-way verification method for maximum security.

  • Q: How to get a loan with Celsius Network?

Celsius network gives loans to all investors as long as they own a CEL token. Customers are even give discounts on all loans.

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This Is How Binance Launchpad Works

Binance launchpad is the platform for new tokens to come on stream while Binance launchpool helps investors get on to earn some more on new projects. This is how it works.

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Binance Launchpad

Binance is  one of the largest cryptocurrency exchanges in the world by traded volume, and it  announced in January 2020, that it would launch a new token fundraising event every month through its Binance Launchpad platform. Binance Launchpool and Launchpad are platforms that advise and help project teams on how to best launch and issue their token.

Binance Launchpool lets you use your token to earn or farm a new token free of charge. Each day, tokens earned are proportional to the tokens subscribed to a pool. In a total of 30 days, you earn a new token. Within the first seven days, before the token is listed on Binanace.com, you can trade any token you earn.

Daily, the token you earn are distributed. You also get the luxury to add or remove tokens if you so desire to the eligible pools any time.  The idea is that you can compile new coins after and before a guaranteed listing free of charge.

What’s next- if you got your token and you are ready to farm? Well, getting started is the next agenda. Check out the guide below on how to get started with Binance Launchpool for both web and on mobile app.

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How to get started with Binance Launchpool

Web-version

  1. Log into your Binance account and go to their savings page.
  2. To choose the token you want to use to subscribe, click “Transfer” on the right-hand side of your screen.
  3. Enter the desired amount of token you would like to subscribe to.
  4. Confirm the transfer by clicking on “Transfer confirmed” at the bottom right-hand side of your screen.
  5. Done!

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App version

  1. Open the app and locate the “Savings” icon.
  2. On the token, you wish to subscribe with, click “Subscribe.”
  3. Enter the amount of token you wish to subscribe to.
  4. Read the “Binance Savings Agreement” and then click on the box
  5. Click “Confirm Purchase.”
  6. Done!

FAQs

1.      Who can participate in Binance Launchpool?

Provided you have a binance account, you can participate in Binance Launchpool. If you don’t have an account, register for one here

2.  What is needed to participate in Binance Launchpool?

You need to have at least 0.1 BNB or other equivalent tokens supported in a pool to participate in Binance Lauchpool.

3.      Which pools do Binance support?

Pools supported for each project will vary, but as a rule of thumb, you can find the list of supported pools on the Binance Launchpad page.

4.      Are there any token limits?

Well, as for limit to how much you can stake, there are none, which means you can stake as high as you like. But you need a minimum of 0.1 token to be able to stake.

5.      What happens if I already have my tokens subscribed to flexible savings?

If you subscribed your token to a flexible saving before the activity period beginning then you’ll need to make an additional subscription of 0.1 or more to qualify to earn Lauchpool rewards.

6.      When do I get the tokens I have farmed?

Tokens are distributed everyday between 00:00 AM and 1:00 AM (UTC).

7.      In each pool, how do I see the Annual Percentage Yield (APY)?

Once trading opens, the APY of each pool will become visible.

8.      Is it possible to trade farmed tokens immediately?

You can’t trade tokens earned in the first seven days until the project has been listed on Binance.com. As soon as the trade is live from the 8th day onwards, you can trade any token you earn as you get them.

9.      Has Binance Lauchpool replaced Launchpad?

No. Launchpool is a new initiative that helps you safely farm new coins from existing assets. Sometimes, you can even run both Launchpool and Launchpad concurrently.

10. How to view your average BNB holdings?

On your project dedicated Launchpad page, you can view your average BNB holdings after the staking calculation period starts.

11. Will the BNB I used to subscribe to Binance Launchpool be counted for Launchpad and any other airdrops etc?

Yes, you will still qualify for VIP benefits, Launchpad eligibility, airdrops, etc.

12. Are the tokens I subscribed to Launchpool locked for 30 days?

No, you can withdraw some or all the tokens you used to subscribe whenever you like. At the same time, you can add to the amount of token you subscribe at any time.

13. Where do I learn more about Binance Launchpool projects?

Binance Research publishes reports on each project hosted on Launchpool. So, you can learn all you need to know there.

Hopefully, this article covers most of the questions that you have. If you have any other questions, feel free to reach out to us.

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Some Promising Binance Chain Projects in 2021 You Need To Know

Binance blockchain is growing in leaps and bounds, and these are the promising projects to look forward to as the year progresses.

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It’s been almost two years now since Binance launched its own blockchain with high hopes. While the main apparent use of the blockchain – allowing immediate trade of cryptocurrencies, including pegged ones, for an ultra-low fee – has been definitely successful, there’s a whole other side of Binance Chain we hear about much less often: The Binance Chain-based projects with which Binance would be directly competing with long-established development blockchains like Ethereum.

It won’t surprise anyone, knowing Binance’s track record, that this side of Binance Chain hasn’t been abandoned. It has, in fact, been steadily growing, slowly but surely, towards success.

Binance Chain is not a huge blockchain yet by any means, and the community at large still seems to prefer Ethereum or Ripple, but it’s definitely getting established and attracting decent projects with it. Here, we have a list of some of the most notable ones.

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Verasity

Out of the many blockchain-based video and media distribution services, Verasity seems to be the one closest to reaching success and obtaining some degree of mass usage. This blockchain was created in 2017, although it didn’t launch its ICO until two years later, in 2019.

Back then Verasity, as most blockchain-based system, was housed in the Ethereum network. It was in the second half of 2019 that the project migrated from Ethereum to Binance, where it has resided until today. The project isn’t yet mainstream, but its tokens see constant trades and the price has remained relatively stable, which is good news for a still fledging blockchain-based service.

ZeroSwap

It’s impossible to speak of blockchain projects and services in 2021 without DeFi being somewhere in the list. For Binance Chain, ZeroSwap is the go-to project when looking for blockchain-based financial services and automated token trading.

There’s little one can say about ZeroSwap that hasn’t been said in general about DeFi projects before: ZeroSwap allows users holding crypto tokens to loan them as liquidity to the blockchain. Said chain, in turn, uses them to allow others to perform token exchanges. Trading fees are added to the pools for each trading pair, essentially passing the fees along to the people providing liquidity as a payment for the service.

However, while pretty standard, there’s one special detail about ZeroSwap that many other DeFi projects don’t have: ZeroSwap supports not only Binance Chain, but also Ethereum, allowing for exchanges between tokens of different types.

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Bounce

Here’s a somewhat uncommon blockchain project: An auction house.

While we regularly see DeFi projects these days and blockchains attempting to forever change the face of the worldwide economy are a dime a dozen, auction houses are for some reason nowhere near as common.

Now, Bounce isn’t exactly the place you can got to auction off your great-grandmother’s old antiques, or at least not unless you tokenize them first – for the blockchain is made specifically to auction non-fungible tokens.

Right now, naturally, its use is relatively niche. However, it has gained traction because over the last year NFTs have gained market share, particularly among collectible projects. If said projects find strong userbases or become sensations like CriptoKitties, we’ll also see Bounce grow with them – and considering the current media involvement in new NFT-based project, this isn’t so much a matter of if, but one of when.

Mithril

In a world where social media is a part of most people’s lives, and where users have increasingly grown wary of the companies behind them and how they handle users’ personal data, Mithril might well be the correct blockchain for the times.

Mithril has always been one of the main blockchains on Binance Chain, partly because it was one of the first – depending on how you see it, THE first, even – projects on it. Its main goal, which is to allow social media users to get paid for the content they create, isn’t necessarily new (most blockchain video sharing and media projects share this aim) but bringing it to social media in general as opposed to just videos a là youtube certainly seems revolutionary.

On top of this approach of letting users get paid for the content they create (and the engagement it drives,) Mithril’s goal isn’t to become a monolithic, self-contained entity. Instead, Mithril embraces what was a common feature early in the 2010: It’s programmed to allow other social media platforms to integrate with it shall they choose to do so.

This could well be a game changer, since one of the main difficulties a social media project faces is finding users. If Mithril, or Mithril-based apps manage to enter the Facebook or Twitter ecosystems, Mithril might well obtain some users from the larger social media.

On the security and privacy side, because that’s what most social media users worry about these days, Mithril presents a fully decentralized social media system using blockchain technology – which would make it essentially impossible for any third parties to hack in and steal users’ data.

It is important to know that since all user data would be handled as described above, presumably not even the owners of Mithril could in any way manage or sell a user’s personal data.

Conclusion

The list of projects that appear promising on Binance Chain provides an insight on the possibilities that the blockchain holds. As the year progresses, it would be clear how much value an investor could explore with these iterated projects.

Cryptocurrencies, Ethereum and The Future

The use of Ethereum in the crypto chain has been monumental, From the initial rise of ICOs to the growth of DeFi, it has become a leading bulwark. Here is the pathway to the future.

Cryptocurrencies took the world by storm in 2017 when Bitcoin reached an ATH that tethered at the $20,000 mark. Ever since, the market has posted some amazing ROI that has left other asset classes scrambling for cover.

With the initial mad rush to take a cut of the bitcoin pie simmering down by nid-2018, investors did begin to explore other crypto with potentials, While ETH was also affected by the downturn that hit the crypto market, other initiatives led to the development of DeFi markets, which largely revolved around Ethereum at the time.

In a factual assessment, with its smart contract features, Ethereum largely led the way for real world assets to be tokenized although that glaring advantage has taken a hit of late. The likes of Cardano, Tron, Stellar, and Ripple have introduced smart contract features that are giving Ethereum platform a good run for the DeFi money.

If you want to thrive in the modern market, you should familiarize yourself with the features of Ethereum that have helped positioned it a leading cryptocurrency and a global digital market frontline asset.

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About Ethereum

Ethereum can be referred to as a modern technology covering vast online activities and trading. Ethereum is an online platform that aids payments and transactions globally. It provides an avenue for everyone to work online and earn money.

Ethereum has made transactions globally easy as it covers and accessible globally. All transactions and payments will be made online with ease and no third-party issue. All that is needed is to register on the platform, secure your wallet, fund it and transact with precautions. Ethereum service is also available 24/7 customer support service if you have any issues. 

Perks of Ethereum

This crypto provides an unbiased and equal opportunity for everyone. Being on the platform and obeying rules makes you entitled to benefits and profits concerning trades and activity. 

It serves as a modern avenue for online development and financial breakthrough. Ethereum provides a transparent, open-source service that allows you to monitor your activities and use strategies or codes used by pros on the platform. 

It makes investments much more effortless. Ethereum serves as your bank, your secured wallet, which can be accessed and used for any transaction anytime, anyway. 

It is available in any quantity. You can purchase Ethereum worth any value of money you have for small investors or beginners.  

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A Guide on how to get started on the Ethereum platform. 

After registering on the platform, here are the basic things you need to do. 

Select a wallet. This wallet connects you to trading on the platform and keeps records of your transactions. 

Fund your wallet. The currency of Ethereum is ETH, as the US currency is Dollars (USD $). This currency will be exchanged for any transaction with any currency on the platform. This is like a balance to avoid confusion and currency preference. 

Start trading on the platform. This is essential to make profits and key to your financial breakthrough. 

Frequently Asked Questions About Ethereum and its Future

Is it feasible for Ethereum to reach $2000? 

Generally, every cryptocurrency is not fixed; hence rise and fall in their price. Ethereum has once been valued at $1400, though fallen now but very much feasible to exceed the $2000 worth.

Is Ethereum better than Bitcoin? 

With the recent rise in Ethereum value, it is safe to choose Ethereum over Bitcoin in terms of its usability, beyond just as a crypto. Its blockchain value is growing.

Ethereum is the future, and this can be seen from the expanding use it has seen in the DeFi game.

Conclusion

Ethereum is a leading crypto with clearly marketable credentials. With steps taken to re-imagine the blockchain and make it nimble and responsive to marketplace realities, there is no doubt that it is not giving up its market lead so easily.

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