Spartan Protocol Burn Notice #1

First Five Projects Burning for SPARTA

3 min readAug 31, 2020

The Spartan Protocol community has spoken! These five projects had the overwhelming majority of public support whilst already being on the shortlist for their technicals and project alignment.

Thankyou to everyone who has contributed their votes so far; the poll remains open for voting for your remaining 25 favourite Binance Chain projects on twitter here.

Without further ado, please welcome the first five Spartan Protocol projects joining the shield wall!

Binance Coin (BNB)

Selecting the token that powers Binance DEX; Binance Coin (BNB), for it’s aligned utility with all of these Binance Chain projects, generous team support and excellent developer community.

10m SPARTA allocation, worth $3m
Expected snapshot price of ~$22.00

THORChain (RUNE)

Selecting THORChain (RUNE) for their excellent distribution, DeFi focus and amazing community. They are truly achieving great things and we are very excited for their upcoming Chaosnet & mainnet launch.

10m SPARTA allocation, worth $3m
Expected snapshot price of ~$1.00

CanYaCoin (CAN)

Selecting CanYaCoin for being one of the first tokens to commit the work into migrating from Ethereum and listing on the Dex, as well as their “Just Build” approach and loyal community.

10m SPARTA allocation, worth $3m
Expected snapshot price of ~$0.045

Matic Network (MATIC)

Selecting Matic Network (MATIC) to celebrate the success of their fast-growing ecosystem and their amazing work on Plasma and WalletConnect, their team continually push scaling and greater-decentralization of the whole industry.

5m SPARTA allocation, worth $1.5m
Expected snapshot price of ~$0.03

IRISnet (IRIS)

Selecting IRISnet (IRIS) for their developer-friendly nature and contributions to the Cosmos community. Unrelated to the decision; ‘Iris’ is also the name of a Greek goddess, which aligns with our Ancient-Greece theme.