Spheron Launches $SPON Buyback Program to Fuel Token Scarcity Through AI Demand
Decentralized compute platform Spheron has initiated a recurring buyback-and-burn mechanism for its native token $SPON, executing a $500,000 repurchase of 0.625% of total supply at an $80 million fully diluted valuation. The burned tokens will permanently reduce circulating supply, with future cycles tied directly to network revenue from GPU rentals for AI workloads.
The 'Secure Compute Flywheel' creates a deflationary feedback loop: GPU providers collateralize hardware with $SPON, subsidize user rates, and channel surplus margins into buybacks at or above the token's launch price. 'Every workload on Spheron powers AI innovation while making $SPON scarcer,' said CEO Prashant Maurya, framing the MOVE as a convergence of utility and tokenomics.
