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Today’s promising blockchain game projects engage users in various ways, such as through a valuable community, the ability to generate in-game rewards and more. Often, users lose interest in these games because of a relatively simplistic game design. Now, a new strategy game known as SpartaDEX has taken user engagement to the next level while also adding the functionality of a decentralized cryptocurrency exchange (DEX).
Key Takeaways:
SpartaDEX aims to immerse its users in an ancient Greek city, where they gather resources and strategically progress through the game while increasing their reward yield. The platform rewards liquidity providers through a dual rewards program. By establishing deeper liquidity, SpartaDEX is well-designed for launching promising projects.
SpartaDEX is a new project that stands out from other decentralized exchanges with its financial benefits for liquidity providers, as well as its strategic game and its gamified DEX. The SpartaDEX testnet launched on Apr 4, 2023, and was most recently followed by the Lockdrop, mainnet and token launches in July and August 2023. Several aspects of the initial concept are still in the works, and the SpartaDEX developers will introduce other improvements going forward to maintain a high level of user engagement.
As the first gamified DEX on Arbitrum, SpartaDEX aims to support consistent liquidity provision, as well as a fun gaming experience for its community. By combining a strategy game set in ancient Greece with a decentralized exchange, SpartaDEX establishes deeper liquidity for its supported game projects and increases user engagement. Players earn a gamified yield based on their progression through the game, which is marked by tradable NFTs. The project also aims to build a valuable community, reward each SpartaDEX user through a dual rewards mechanism, provide single asset staking (SAS) and establish a community-managed exchange.
SpartaDEX functions on Arbitrum, which is a Layer 2 blockchain that offers speed, lower transaction fees and scalability. These traits are essential for gaming projects. At the same time, the SpartaDEX ecosystem utilizes Ethereum for enhanced security. Looking forward, SpartaDEX will expand to other popular blockchains to take advantage of their various and unique benefits.
The SpartaDEX ecosystem includes gameplay, swapping and an SDEX Lockdrop.
As mentioned, in this real-time strategy game, SpartaDEX users develop an ancient Greek city. This is accomplished by conquering barbarians, expanding territory, building the economy, gathering resources and more. Experience in the game determines progress, and this results in a greater real yield.
A polis is a Greek town run as an autonomous city-state. In order to start this strategy game, a new user must mint a Polis NFT. To make progress in the game, the polis must be upgraded by adding liquidity to SpartaDEX liquidity pools. The Polis NFT is an asset that can be sold, and developing the polis increases its value in the secondary market.
In addition to building an ancient Greek city, users can take advantage of Spartans NFTs. These digital assets represent ancient Greek heroes, and they play a crucial role in the SpartaDEX ecosystem. Users have access to select NFTs at the beginning of the game, and others will become available as progress is made. Spartans NFTs each have unique incentives and utilities. Those who hold Spartans NFTs can participate in special quests and earn in-game rewards, use the upcoming multiplayer mode that will be implemented in Q4 2023 and the SpartaDEX launchpad, and participate in the SPARTA airdrop.
The Senate is the control system for the game. This aspect of SpartaDEX combines on-chain and off-chain functions, including LP staking, claiming airdrop rewards, single asset staking, contributing to liquidity pools, community voting and more. When a polis has a higher Senate level, the user qualifies for a higher real yield through LP staking.
A user’s experience in the game supports moving to a higher Senate level. There are 50 Senate levels. Experience is gained by conquering barbarians, locking assets in the SpartaDEX Lockdrop and further developing the polis.
Both on-chain and off-chain transactions are made in the Market. These include token swaps on Arbitrum and the exchange of tokens for gems. In addition, resources can be purchased with gems in the Market.
In a user’s ancient Greek polis, there are various functional buildings (in addition to the Senate) that serve unique purposes in the game. Most of them can be upgraded, and the upgrades will result in a rise in overall Senate level.
There are three mining buildings: the Gold Mine, the Lumber Camp and the Quarry. As these buildings get upgraded, the production volume and storage capacity also increase. Other structures are the Temple, Barracks, Academy, Walls and Treasury.
Users must contribute time and resources to upgrade their buildings. While most buildings require wood, Walls and select other structures only require an increasing number of hours playing the game to make upgrades. The Senate can only be upgraded in conjunction with equivalent upgrades to other functional buildings.
In the Barracks, users can exchange gems or gold for army units. The level of units available is determined by the Barracks’ level, and the availability of the units that the user can recruit is based on the Academy’s development level. Units include militia, acolytes, hoplites, cavalry, slingers, archers, centaurs and minotaurs.
Barbarians reside outside the ancient Greek polis, and can cause destruction by raiding the city. Players can use their units to attack barbarians. When a user successfully attacks barbarians, their experience, resources and even gems are unlocked. Sections of a Map NFT may also be obtained. On the other hand, a loss results in the player’s loss of the attacking units.
The outcome of a battle is determined by an algorithm that takes into account unit strength, number of units, morale and other factors. The algorithm will result in the entire loss of the losing party’s units, while the winning party will lose only part of their units.
Through battles against barbarians, fragments of a full Map NFT are earned. Altogether, there are 20 fragments in a Map NFT. By holding a full Map NFT, a user qualifies for a monthly drawing. The drawing winners receive SPARTA tokens.
The currency used in the SpartaDEX game is gems, which can be purchased in the game’s Market with SPARTA tokens. Gems are used for functions such as buying minotaurs, completing research at the Academy, purchasing a premium account, reducing the time to build upgrades and buying resources.
Three resources are used in the SpartaDEX game: gold, stone and wood. Respectively, users can gather these resources in a Gold Mine, Quarry and Lumber Camp. Resources can be purchased with gems and securely stored in the Treasury. They are essential for expanding each user’s ancient Greek city.
A Premium Account can be purchased using gems in the Temple. Account terms are available for a day, month, year or lifetime. With a premium account, the user can increase resource production and troop morale and stats, and expand building and recruitment.
The SDEX Lockdrop was launched through three phases between July and August 2023. It provides deeper liquidity through users who lock their tokens. Those who contribute liquidity receive SPARTA token rewards, and there’s a dual rewards system for selected partner projects in place for the benefit of users.
SPARTA, the native token, can be exchanged or swapped in the game’s Market. While SpartaDEX is gamified, its Market functions as marketplaces on other decentralized exchanges. Small transaction fees are charged based on the value of the swaps, which are completed using SpartaDEX’s well-designed interface.
The SpartaDEX ecosystem launched in multiple stages so that developers could get feedback and fine-tune mechanisms and features before the full release. These stages are the testnet phase launch in March 2023, the partners acquisition between April and August 2023 and the launch of the Lockdrop, token and mainnet in August 2023.
The developers will continue innovating upgrades to the platform to progressively elevate its utility and its appeal to users.
SPARTA is the native token of SpartaDEX. The token is used for community governance, to purchase gems in the game and as a reward for staking. There is a total supply of 100 million SPARTA tokens, distributed as follows:
The current price of SPARTA as of Aug 21, 2023 is $0.3055. This reflects a decrease of 6.3% over the last 24 hours. The market cap is $1.1 million, and the trading volume for the last 24 hours is $38,037. SPARTA tokens have a circulating supply of close to 3.6 million. The ATH price of $0.861476 occurred on Aug 10, 2023, and the ATL of $0.267054 was on Aug 17, 2023.
Several sources have analyzed data for the SpartaDEX project, and anticipate that the token price will increase over the next several years. CoinArbitrageBot, for example, predicts that the SPARTA token will be valued at $0.41938 by the end of 2023, $1.53284 in 2025 and $1.31294 in 2027. This positive outlook is supported by DigitalCoinPrice, whose analysts believe that SPARTA’s price will increase to $0.68 by the end of 2023, $1.08 by 2025, $1.41 by 2027 and $3.22 by 2030.
SPARTA can be traded on Bybit as a Spot trading pair, and can be used to participate in community governance, purchase gems for gameplay and support the project through providing liquidity. To complete a trade on Bybit using the SPARTA/USDT Spot trading pair, you must first establish a Bybit account if you don’t already have one.
To celebrate this listing, Bybit is holding two exclusive events for users to split a 40,000 USDT prize pool.
For new users, simply complete the following steps between Aug 10, 2023, 8AM UTC through Aug 24, 2023, 8AM UTC, and be among the first 1,000 new users to receive 30 USDT:
If you;ve already created a Bybit account prior to Aug 10, 2023, 8AM UTC, you can also earn 10 USDT by accumulating a deposit volume of at least 200 SPARTA, or by depositing 100 USDT and buying 100 USDT worth of SPARTA with your Bybit account. Please note that only the first 1,000 users will be able to receive this reward.
SpartaDEX rewards liquidity providers with a real yield to support its project’s stability, and offers the benefits of both Arbitrum and Ethereum. While SpartaDEX is a newer gaming project, it’s rightfully receiving ample attention in the crypto world. Between the opportunity for users to earn dual rewards on SpartaDEX and the SPARTA token’s projected price increase, this innovative project could be a good investment. However, because of the volatility and speculative nature of the crypto market, it’s important to complete your own research before making an investment.
As the first gamified DEX on Arbitrum that also stands apart with its dual rewards and strategy game, SpartaDEX is a project that’s well-suited to those who wish to support the evolution of crypto projects. At the same time, SpartaDEX offers strategic gameplay and LP rewards. This new project will continue to develop, so consider learning more and getting involved today.
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