SpartaDEX combines a decentralized cryptocurrency exchange and a real-time strategy game set in ancient Greece. This is the first gamified DEX on Arbitrum to increase user engagement by incorporating video game elements, helping foster loyalty and incentivize more liquidity.
In SpartaDEX, each user mints a free NFT of an ancient Greek city – Polis, and grows it to maximize their profit from the LP provided. To start upgrading their Polis, gathering resources, and building an army, users add a minimum of $100 in liquidity to one of the whitelisted pools.
The development of each Polis with all the achievements is being saved in the NFT, making the highly developed settlements more valuable and more desirable on the secondary market. Furthermore, the higher the Senate level of Polis, the higher the APR from staking LP that the user gets.
It is still in beta and is expected to launch on the mainnet in May of this year. SpartaDex will introduce the trading atmosphere and Devsifi character into Arbitrum, Various activities in the DEX have become games and you can earn income by building your own house. By combining full-featured decentralized exchange functions with ancient Spartan-themed games, users can experience the fun of the game while interacting with the DEX.
DEX has 2 modes: gamified and normal. This duality allows users to make swaps through a simple and intuitive interface without entering the game layer.
Besides, it generates revenue from the DeFi exchange mechanism and the game itself (micropayments, NFT claims). Profits are then shared with the $SPARTA token staking.
All users, projects, and the DEX itself are protected from volatile liquidity with the Surrender Tax – an innovative concept that builds more profound and stable liquidity over time. The user is subject to a cooldown when withdrawing liquidity for the specified fees (as shown below). 100% of the fees are used to increase the liquidity of a particular project and will be locked forever.
Currently, SpartaDex mainly consists of three parts: NFT+DEX+RTS Game.
The first is NFT: Before users can experience SpartaDex products, they need to pre-empt an NFT of the ancient Greek city of Polis. It’s worth noting that NFT minting itself is free, and it’s a specific manifestation of users adding LP, but for your NFT to work, users need to inject at least $100 of liquidity.
Next is DEX: According to the official introduction of SpartaDex, its DEX uses real income and Token commitment to participate in dividends (DEX fee, GameFi fee). Compared to the cold and boring storage of traditional DeFi, SpartaDex offers a new model for future DeFi growth: turning LPs into NFTs in GameFi (somewhat similar to Uniswap V3).
Finally, the Game section, SpartaDex, offers users an RTS strategy game similar to “Kingdom Awakening” and “Kingdom Era.”
In SpartaDex, every DEX-based user activity is displayed as a game. For example, the user’s LP is converted into an army to conquer the city. The form of LP income is called loot, or the user’s commit group is represented as a city in the game. The user’s mining behavior for the city-state is considered an acquisition of APY, the user’s upgrade and maintenance of the city-state is deemed to add liquidity, etc.
The results of each city-state’s development are stored in the NFT, making highly developed settlements more valuable and popular on the secondary market. More importantly, the higher the level of Senate Polis, the higher APR users can get by staking LP.
As a gaming DeFi exchange, SpartaDEX monetizes both the dex and the game itself. The platform’s revenue sources include:
The native token of the SpartaDEX ecosystem is $SPARTA. The token technology and its mechanism are designed to provide widespread utility and low inflation.
Some utilities:
The $SPARTA token accumulates value through revenue from the DeFi exchange and the game itself. All revenue (other than NFT royalties) will be split into 3 equal pools dedicated to:
Through staking unique assets, users can earn profits and participate in governance. However, withdrawals will involve a no-deposit fee or a no deposit period. Users can withdraw immediately, sacrifice 50% (of which 2/3 will be burned and 1/3 will be distributed among bettors), or choose a no-staking interval from 1 to 100 days, in which the fee is reduced by 0.5 % per day.
Finally, the $SPARTA token strengthens with each new partnership as more and more users use the token to extend their Polis.
First, prepare before the game starts
The first thing you need to do before using the testnet is to add the Polygon Mumbai testnet to your Metamask.
Now it’s time to claim your test token. This activity includes two steps:
Get test $MATIC token on Polygon Mumbai network
You can do this with several types of faucets available. Our recommendation is:
Get test tokens for swap and extra liquidity
For this, we have prepared a dedicated faucet with which you can claim tokens:
Second, after entering the game:
After entering the testnet site, you will see this beautiful scene. The SpartaDEX main screen shows your cities and a sub-menu with quick, alternate access to each building. On top of that, you can also see a button that toggles between the two modes: Game and DEX. The current connected network and wallet can be seen in the lower part of the menu.
If this is your first time interacting with SpartaDEX, clicking on any building will bring up a window saying that you have not created a city-state. You can start playing now or use the decentralized exchange feature.
If users want to experience the game part of SpartaDEX, they need an additional $100 of liquidity to mint the city state NFT.
After entering the city, the user needs to build buildings one by one and upgrade them. After the player builds the barracks, he can train troops to attack other targets or neutral players (multiplayer version is not online yet) and get rewards.
The rewards mainly consist of map NFT shards. Players can participate in the lottery by collecting NFT map pieces and eventually minting the map NFT. The specific awards still need to be made clear.
SpartaDEX will distribute a portion of SPARTA through blind mining and airdrop. Among them, blind mining accounts for 80% of token distribution, and users mine by locking up liquidity. The longer the liquidity lockup, the higher the mining profitability; The airdrop accounts for 20% of the token distribution and will be split into several release phases.
The best chance to get the $SPARTA token airdrop is (1) holding Spartan NFT and (2) interacting with the app:
The project team has confirmed that Spartan NFT holders are eligible for the future airdrop. All NFTs are prefabricated, but you can purchase an NFT in OpenSea.
The SpartaDex Test Network is now live on Polygon Mumbai. Currently, only whitelisted addresses (those that have completed the Galxe campaign) can interact with it. However, its mainnet will launch on Arbitrum later this year and is open to the public. Those who missed the whitelisted opportunity can then interact with the game for a chance to receive the airdrop.
Overall, SpartaDex is a unique concept of a decentralized exchange with a game layer implemented, built on Arbitrum. It allows users to develop their Spartan settlement, gather resources, recruit an army, and conquer barbarian territories. Yields and profits are directly related to the user’s progress through the game.
SpartaDex incentivizes whitelisted pool liquidity providers with their native $SPARTA token. Provide liquidity to selected partner project pairs that also reward with project tokens.
Importantly, SpartaDex confirmed the $SPARTA token airdrop for Spartan NFT holders and app users soon after the token launch so users can take advantage of the opportunity to get early investment in potential projects.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Foxy
Coincu News
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…
London, United Kingdom, 21st November 2024, Chainwire
The move will see developers utilize USDC on Aptos in creating dApps on a wide…
Abu Dhabi, UAE, 21st November 2024, Chainwire
This website uses cookies.