What is SpartaDEX (SPARTA)?
SpartaDEX combines a decentralized cryptocurrency exchange and a real-time strategy game set in the realms of ancient Greece. It's the first gamified DEX on Arbitrum with a goal to increase user engagement by incorporating elements of video games, which foster loyalty and encourage adding liquidity.
In SpartaDEX, each user mints a free NFT of an ancient Greek city - Polis and develops it to maximize their yield from provided LP. To start upgrading their Polis, gather resources, and build armies, users add a minimum of $100 of liquidity into one of the whitelisted pools.
The development of each Polis with all the achievements is being saved in the NFT, making highly developed settlements more valuable and desirable on the secondary market. What is more, the higher the level of a Polis’ Senate, the higher APR from staking LP a user receives.
All the users, projects, and the DEX itself are protected from unstable liquidity by Surrender Tax - an innovative concept aimed at building stable and deeper liquidity over time. Users are subject to cooldown periods when withdrawing liquidity with the fees assigned (as presented below). 100% of the fees go to increasing the liquidity of a given project and are being locked forever.
- Instant LP withdrawal - 8% fee
- 7 day cooldown – 5% fee
- 14 day cooldown – 2% fee
- 30 day cooldown - 0% fee
SpartaDEX is a multichain protocol that will initially operate on the Arbitrum blockchain. We chose to launch on Arbitrum for its modern approach to scalability, transaction fees, and speed of operation. These are particularly valuable for gaming projects involving a substantial number of transactions players perform daily. 1-2 months after the official mainnet release on Arbitrum, we plan to expand SpartaDEX to other promising chains.
What makes SpartaDEX (SPARTA) unique?
SpartaDEX is the first product to offer a gamified DeFi experience that engages users in exchanging assets and can bring mass adoption to the crypto space.
While some may put SpartaDEX in the same basket as the Defi Kingdom, these projects differ significantly in their core values. While Defi Kingdom focuses mainly on the game itself, SpartaDEX is looking to combine DeFi and gamification to solve the real dex problem: disloyal liquidity.
Why are we unique?
- SpartaDex offers two modes: gamified and conventional. This duality allows users to make swaps also without getting involved in the gameplay layer, through a simplified and intuitive interface
- SpartaDex allows users to monetize their gaming time by accumulating game progress in tradable NFTs. By developing their Polis, users can maximize their yield, which consequently motivates them to add more and more liquidity
- SpartaDEX generates revenue from both DeFi exchange mechanisms and the game itself (micropayments, NFT claims). The profits are then shared with the $SPARTA token stakers.
- The Greek-inspired gamified layer offers users a nostalgic return to the times of their youth. In SpartaDex, we have successfully recreated the atmosphere of browser games, such as Age of Empires, Ikariam and Grepolis, on which the DeFi generation grew up
- We implemented a dual rewards system, where liquidity providers may receive potentially both native tokens of our whitelisted partners, as well as the $SPARTA token, which will ultimately ensure the growth of the latter
- We will go beyond the dex and build a whole ecosystem of products. We are planning white label integrations of several DeFi protocols into our Polis
What is SpartaDEX (SPARTA) roadmap?
SpartaDEX (SPARTA) revenue streams
As a gamified DeFi exchange, we monetise both the dex and the game itself. Our revenue streams include:
- Dex Fees
- Rewards claiming fees (1 USDC/claim)
- Micropayments (buying in-game premium currency to accelerate the development of the Polis, speed up building upgrade time, purchasing premium account and resources etc.)
- Royalties from NFTs (5% on Spartans NFT and 7.5% on Polis NFT)
- Ecosystem fees (from built-in bridge after we implement new EVM chains)
What is SpartaDEX (SPARTA) marketing strategy?
SpartaDex's marketing strategy aims to harness the power and fresh energy of the new Arbitrum community.
Thanks to the gamified layer, our target audience will feel an emotional bond with the project much greater than with an ordinary dex. This will allow us to build wide recognition not only through campaigns with KOLs, but above all through organic engagement.
To help build trust with the community, we give users the opportunity to test the product on the Testnet (testnet.spartadex.io). It will allow users to become familiar with the dex's interface and provide valuable feedback that we can leverage to improve the product.
Additionally, on the 5th of April, we launched the first NFT collection - Spartans. These NFTs will have a robust utility at a later stage of development and provide holders with airdrop eligibility. The collection is the PFP type, giving SpartaDex excellent marketing exposure, you can find it here:
Unrevealed Collection: https://opensea.io/collection/spartadex-spartans
Revealed Collection: https://opensea.io/collection/spartadex-revealed
Finally, our strategy will revolve around the planned lockdrop and regular co-marketing activities with our partners. This will ensure long-term community involvement in promoting the project.
What are SpartaDEX (SPARTA) token utilities?
$SPARTA - the blood of the ecosystem
The native token of the SpartaDEX ecosystem is $SPARTA. Its tokenomics and mechanics are designed to provide broad utility and low inflation.
$SPARTA token has a number of utilities:
- It can be locked in single asset staking, receiving Real Yield from the exchange's and game’s revenues
- $SPARTA stakers can participate in monthly votes for new projects’ liquidity pools eligible for ecosystem rewards in $SPARTA tokens (governance)
- Users can use $SPARTA to buy premium in-game currency - Gems - to develop their Polis faster and thereby increase the APR on the liquidity provided
The $SPARTA token accumulates value both through revenues from the DeFi exchange and from the game itself. All revenues (apart from NFT royalties) will be divided into 3 equal pools dedicated respectively for:
- Burning (or buy&burn)
- Yield for single asset stakers
- Further development
To prevent inflation, 75% of tokens from ecosystem rewards (rewards for staking LP, constituting the largest supply) will be automatically transferred to the single asset staking pool.
Through single asset staking, users can earn yield and participate in governance. However, the withdrawal of funds will be associated with an unstaking fee (Surrender Tax; see also point 3 above) or an unstaking period. The user can withdraw funds immediately, sacrificing 50% (of which 2/3 will be burned and 1/3 will be distributed among the stakers), or choose an unstaking period from 1 to 100 days, where each day reduces the fee by 0.5%.
Finally, the $SPARTA token strengthens with each new partnership, as more and more users use the token to expand their Polis.