- For $500K at an FDV (Fully Diluted Value) of $80M, Spheron repurchased 0.625% of the whole $SPON supply from its compute providers as part of this first cycle.
- In order to guarantee long-term stability and profitability, Spheron’s Secure Compute Flywheel architecture will continue to execute token buybacks using network revenues and then burn tokens.
The first $SPON token buyback and burn under its Secure computing program was successfully completed, according to Spheron, a community-powered AI compute stack. This action fits with Spheron’s larger goal of establishing a deflationary cycle that makes the token stronger as network use increases.
For $500K at an FDV (Fully Diluted Value) of $80M, Spheron repurchased 0.625% of the whole $SPON supply from its compute providers as part of this first cycle. The tokens will be permanently burnt as they are received. In order to guarantee long-term stability and profitability, Spheron’s Secure Compute Flywheel architecture will continue to execute token buybacks using network revenues and then burn tokens, directly connecting network activity and compute demand with token scarcity.
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