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.