Spheron Initiates Long-Term Token Buyback Plan, Commencing with Initial Token Destruction Using $SPON
In a significant step towards reinforcing its long-term vision, Spheron Network, a decentralized AI infrastructure stack, has executed its first $SPON token buyback and burn under the Secure Compute program.
The network, which boasts over $100M in distributed compute and is rapidly growing, has over 44,000+ nodes across 170+ geographical locations. This makes Spheron one of the largest community-powered compute stacks for AI, Web3, and agentic apps in the world.
The buyback-and-burn marks the beginning of a recurring cycle that ensures providers are rewarded, users gain affordable compute, and token holders benefit from a shrinking supply. During periods of high demand, surplus margins are generated and used by the Spheron Foundation to buy back $SPON at or above its launch floor value.
The bought back tokens will be permanently burned once received. This move reinforces Spheron's commitment to a community-owned, sustainable, and self-reinforcing compute economy.
The $SPON token remains at the heart of the Spheron ecosystem, serving as the medium for transactions, governance, and now, a deflationary asset. Spheron's Secure Compute mechanism involves providers collateralizing GPUs with $SPON and offering subsidized rates to users.
Industry leaders such as Gensyn, Kuzco, Open Gradient, and Sentient are already powering their operations with Spheron. The network's co-founder is Prashant Maurya.
For more information about Spheron Network, you can visit their official website, find links to their Fizz node, Github, Discord, LinkedIn, and YouTube channels, or contact them at [email protected]. The network's Secure Compute Flywheel model connects network activity and compute demand with token scarcity, making it a unique and innovative approach in the decentralized AI infrastructure space.
