Spheron Launches Buyback Program for $SPON Token, Burn Initial Supply

Spheron, a community-driven AI computing platform, has launched its first token buyback and burn program under its Secure Compute initiative. This action, aimed at strengthening the value of its native token, is part of Spheron’s larger deflationary cycle designed to drive long-term growth within its network. The initial buyback involved repurchase of 0.625% of the total $SPON supply worth $500K from compute providers who are collateralized by their $SPON holdings. These tokens were immediately burned, permanently reducing circulating supply and contributing to a deflationary pressure that benefits all network stakeholders.