Spartan Protocol is an open organization that was created by the community for the community. It was established by a group of communities from Binance Chain projects who value decentralization, education, and community involvement. During its inception, all SPARTA tokens were obtained through a fair launch Proof-of-Burn process involving selected bridged BEP2 tokens. This means that no funds were given to any party at a discounted rate or for free. There was no initial coin offering (ICO) or any type of fundraising through token distribution. Each SPARTA token holder had to acquire their tokens by burning, bonding revenue through liquidity provisioning, or purchasing them on the open market.
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