Question 1

What is Spheron Network (SPON)?

Accepted Answer

Spheron Network (SPON) is the native token used in the Spheron protocol, which is designed around an EVM-based network for allocating GPU and compute resources through on-chain smart contracts. SPON is used within the system for staking, rewards and as a payment option for accessing compute resources through escrow-based payments and time-bound leases recorded on-chain.

Question 2

What is Spheron Network (SPON) token used for?

Accepted Answer

- **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.

Question 3

Who created Spheron Network (SPON)?

Accepted Answer

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.