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Spheron Network Overview
Market Cap
$172.48K
Circulating Supply
277.23M SPON
Spheron Network News
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About Spheron Network
Spheron Network (SPON) is the native token of the Spheron protocol, used to pay for GPU and compute resource leases that run through escrow-based, time-bound agreements. SPON is used for staking by Provider Nodes so they can bid for deployment orders. It can also be delegated to providers, with rewards shared based on delegation amounts and with delegation affecting provider tiering and selection. The protocol describes rewards paid in SPON to encourage uptime and participation and penalties where staked or delegated SPON plus accrued rewards can be slashed under defined conditions such as downtime during an active lease or rule violations. The fee model also treats payments made in SPON differently from payments made in other tokens.
- Paying for compute deployments: Users lock funds in an escrow smart contract wallet for a chosen duration. Leases debit escrow over time based on usage and release any remaining funds when a lease closes. SPON can be used as the payment token.
- Protocol fee handling when paying in SPON: The protocol describes a fee model where payments made in SPON are treated differently from payments made in other tokens.
- Provider participation via staking: Provider Nodes stake SPON to take part in bidding for deployment orders and to align incentives with network performance.
- Delegation and reward sharing: Token holders and other node types can delegate SPON to Provider Nodes. Delegation can affect provider tiering and selection for deployments, with rewards shared among delegators based on delegation amounts.
- Rewards and incentives: The protocol describes rewards paid in SPON to encourage uptime and participation, including tier-based reward multipliers.
- Penalties (slashing): Staked and delegated SPON plus accrued rewards can be slashed under defined conditions such as downtime during an active lease or rule violations.
- Proposed staking alignment for matchmaking operators: The protocol proposes a model where matchmaking operators stake SPON alongside other mechanisms, with penalties applied for defined failures.
Spheron Network (SPON) was created by Mitrasish Mukherjee and Prashant Maurya, who are presented as co-founders of Spheron. Aditya Rola is also credited with contributions to ideation, discussions and architecture.
Spheron Network Markets
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Spheron Network Platforms
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Spheron Network Market Data
The live Spheron Network price today is $0.00 USD. We update our SPON to USD price in real-time. Spheron Network is tracking market moves in the last 24 hours.
The current market cap is $172,484.07 USD. The circulating supply is 277,232,203 SPON.