The decentralized compute network ties token scarcity to AI demand, aiming to build a self-sustaining economy for providers, developers, and holders.
Decentralized compute network Spheron has kicked off an ongoing buyback-and-burn program for its native token, $SPON, executing the first cycle this week.
The company said it repurchased 0.625% of total supply, worth $500,000 at an $80 million FDV, with all tokens set to be permanently burned, reducing overall supply. This process will now continue on a recurring basis, with future buybacks tied to network revenue and compute demand.
How the Mechanism Works
The move is part of Spheron’s “Secure Compute” initiative, which links revenue from GPU rentals directly to token scarcity. The Secure Compute Flywheel is built around a simple principle: every increase in network usage creates value for $SPON holders. Compute providers collateralize GPUs with $SPON and offer subsidized rates to users. When demand spikes, surplus mar
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