Spheron to Launch TGE with $SPON Token Tier-1 Listings
Spheron boasts over 44,000+ nodes, with the network racking up over $100M in distributed compute. The Spheron ecosystem has scaled to over $10M ARR with over 400,000 community members globally. A part of its growth, the $SPON token plays an essential role in Spheron's mission by providing incentives to both compute providers and users to scale network supply and demand. Providers are rewarded with $SPON, pushing them to join and expand the network.
Spheron is the only decentralized AI infra stack with real products, customers, and revenue— owned and powered by the community. $SPON now aligns incentives directly with Spheron's long-term vision, ensuring active network participants in its community, such as developers, contributors, and early adopters, can secure and govern the network. Additionally, $SPON serves as the primary medium for transaction settlements within the ecosystem and enables democratic governance, empowering holders to actively influence the platform's future.
Spheron is positioning $SPON to fulfill several critical functions in the ecosystem. Compute providers earn $SPON by contributing GPU and CPU resources. If providers accept alternative tokens, commissions charged are utilized to buy back $SPON. Users can pay with $SPON to access decentralized compute resources. Stakers secure the network and receive rewards in $SPON, while community members leverage their $SPON holdings for governance voting.
'Spheron's vision of creating a decentralized, community-powered data center moves closer to reality,' stated Prashant Maurya, Co-founder and CEO of Spheron. 'The $SPON token ensures that incentives, security, and governance remain aligned with our community's interests, supporting sustainable and scalable growth.'
A distinguishing feature for $SPON holders is the inherent flexibility of the platform. The community exclusively decides which additional tokens can be integrated through governance voting. Following community approval, participants can begin accruing and earning additional tokens simply by holding $SPON, significantly enhancing the intrinsic value and attractiveness of active participation. These additional token flexibility features will be active after six months of stable post-mainnet activity. This ensures network integrity and rewards long-term contributors, thus maintaining robust foundations for further expansions.
About Spheron
Spheron Network is building the world's largest community-powered compute stack for AI, Web3, and agentic apps—decentralized, verifiable, and owned by builders, not the cloud. Powering industry leaders such as Gensyn, Kuzco, Gradient, and Sentient, Spheron is fueling a new wave of on-chain AI and compute infrastructure.
Spheron isn't just a compute protocol. It's the only decentralized AI infra stack that comes battle-tested with real products, real customers, and real revenue—all owned and powered by the community. With 44,000+ nodes across 170+ geos, the network boasts $100M+ in distributed compute and is growing fast.
Contact
Co-Founder
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Flora Growth Corp. (FLGC) Leaps Into Web3 With $1M Crypto Bet
We recently compiled a list of the 12 Cheap Pot Stocks to Buy According to Hedge Funds. Flora Growth Corp. stands twelfth on our list. Flora Growth Corp. (NASDAQ:FLGC) is among the cheap pot stocks to buy. It is a global cannabis company headquartered in Fort Lauderdale, Florida, operating in over 15 countries. It offers a wide range of products, including pharmaceuticals, CBD wellness goods, food and beverages, and THC-infused products through a vertically integrated model. In 2025, Flora Growth Corp. (NASDAQ:FLGC) made a strategic move into digital assets, investing $1 million across Ethereum, Solana, Sui, and Ripple. CEO Clifford Starke highlighted this step as a push toward Web3 innovation and long-term value creation, with more digital ventures expected. This unique approach in the cannabis sector marks the company as a forward-thinking player, aligning itself with emerging digital trends. The business is also rapidly expanding its THC-infused beverage operations. It appointed Sammy Dorf, co-founder of Verano Holdings, as Executive Chairman to lead product growth. New brands like 'Melo' and 'Cloud Cola' have launched in major U.S. retail outlets, supported by a new facility and partnerships with distributors such as Sunshine State Distributing. These efforts aim to capture the growing demand as more states legalize THC beverages. Internationally, Flora Growth Corp. (NASDAQ:FLGC) is entering Germany's cannabis pilot program with a supply agreement via Curaleaf and the appointment of Dr. Manfred Ziegler to lead regional operations. This move positions the corporation to capitalize early on Europe's emerging legal cannabis market. A closeup of an analytical scientist analyzing a medicinal cannabis derivative product in a laboratory. At its 2025 shareholder meeting, Flora Growth Corp. (NASDAQ:FLGC) approved key changes, including increasing its incentive plan share cap and authorizing a reverse stock split to enhance market flexibility. New board members were also elected to support growth in wellness, beverages, and digital assets. While we acknowledge the potential of FLGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Business Upturn
6 hours ago
- Business Upturn
Kuvi.ai Launches Private Beta of Agentic Finance OS with Seed Round Led by Moon Pursuit Capital
TORONTO, ONTARIO, Aug. 01, 2025 (GLOBE NEWSWIRE) — the platform pioneering Agentic Finance, has announced the successful completion of its $700,000 seed round, led by Moon Pursuit Capital, and the expansion of its strategic round, which is now oversubscribed. Recent additions include legendary crypto investor Michael Terpin of Transform Ventures and leading Web3 educator Dennis Liu (aka VirtualBacon). The announcement follows earlier pre-seed (angel) round, which closed in just four days. With the close of the seed round and the opening of the strategic round, valuation has now doubled from $15 million to $30 million. The funding supports the private beta launch of Agentic Finance Operating System (AF-OS), the first of its kind next-gen interface that empowers users to design, automate, and deploy complex financial strategies using natural language. replaces the need for centralized exchanges, clunky DeFi dashboards, or opaque robo-advisors, enabling users to act with precision, automation, and control. is an AI-driven crypto interface designed to make digital asset transactions as simple as typing a message or saying a few words, delivering text-to-trade functionality that removes the need to navigate multiple dApps, bridging solutions, or complex trading interfaces. Users can instruct to buy, sell, or swap tokens across blockchains, and does the rest. Unlike pre-programmed bots or chat wrappers, allows users to define their financial intent – e.g., 'Buy $1K in memecoins when sentiment spikes and gas is low, exit when BTC dominance rises' – and executes via our proprietary modular and functional agentic framework. ' is building the coordination layer for agentic value transfer,' said co-founder and CEO Dylan Dewdney. private beta, rolling out now to early community, investors, supporters, collaborators, and some OTC desks, introduces smart 'Executables.' These are automations tied to market conditions, cross-chain actions, and real-time data. Early integrations include top Solana-native protocols like Raydium and Jupiter, with Ethereum and Bitcoin native protocols soon to follow. 'This is not just a new product,' added co-founder and CTO Jay Nasr. 'It's a complete rethink of how humans interact with financial systems.' With private beta underway and TGE tentatively slated for late summer/early fall 2025, is set to scale its user base, integrations, and community. As the Agentic Finance movement gains traction, is positioned to be the flagship OS in a post-app financial world – empowering everyone to manage and multiply wealth through intent-based interfaces. About is an AI-driven crypto interface designed to make digital asset transactions as simple as typing a message or saying a few words, delivering text-to-trade functionality that removes the need to navigate multiple dApps, bridging solutions, or complex trading interfaces. Users can instruct to buy, sell, or swap tokens across blockchains, and does the rest. is founded by Dylan Dewdney, a crypto OG active since 2011, along with Jay Nasr, and Maxim Sindall, bringing technical depth and go-to-market execution. momentum is powered by a heavyweight advisory and investor roster that includes Michael Terpin, founder of Transform Ventures and early advisor/investor to hundreds of crypto projects, including Ethereum and Tether; Dennis Liu (VirtualBacon), top-tier crypto educator with 400K+ followers; and Peter Vincer, advisor with institutional and U.S. policy access, joins as Advisor for Government Relations. For more information, please visit Social Links X: @kuvilabs Telegram: @kuviai Discord: Media contact Brand: Contact: Media team Email: [email protected] Website: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Upturn
14 hours ago
- Business Upturn
HODL Unites Dubai and Riyadh for a Landmark Blockchain Roadshow Across the Middle East
By GlobeNewswire Published on August 2, 2025, 01:19 IST Dubai, UAE, Aug. 02, 2025 (GLOBE NEWSWIRE) — HODL, the OG of Web3 and crypto summits, is back to break more ground — this time with a back-to-back Middle East roadshow in Dubai (30–31 Oct) and Riyadh (3–4 Nov) that promises seven days of pure alpha, deal-making, and decentralized disruption. After setting the bar in early 2025 with its record-breaking Dubai edition, HODL is crossing borders to supercharge collabs between builders, backers, regulators, and institutions. Think policy meets protocol. TradFi meets DeFi. And investors meet the next unicorns of Web3. Download the Dubai 2025 Post-Event Report HODL Dubai 2025 Wasn't Just a Vibe. It Was a Shift. 3,000+ Web3 founders, investors, execs & OGs Web3 founders, investors, execs & OGs 1,000+ real business connections made IRL real business connections made IRL 50+ sessions featuring giga-brain speakers featuring giga-brain speakers 40+ countries in the mix in the mix 60+ media partners , 40+ sponsors , and 8M+ media impressions , , and media impressions 180k+ social hits with 7k+ solid clicks with 2,800+ articles + 2M+ social mentions Dubai showed the world it's not just crypto-friendly — it's crypto-forward. Now Riyadh is stepping into the ring. Missed the magic? Dubai brought the alpha — now watch how it went down. Video Here – Why These Cities? Why Now? Dubai: Web3's Global Playground 1,400+ crypto & Web3 companies already plugged in already plugged in HQ of VARA — the world's first digital asset regulator — the world's first digital asset regulator $1.5B+ poured into the space in 2024–25 poured into the space in 2024–25 30%+ crypto adoption among residents among residents Big plays in Digital Dirham, asset tokenization & full blockchain integration by 2030 Riyadh: The Next Web3 Power Move 51% YoY growth in blockchain business licenses in blockchain business licenses Powered by Vision 2030, SDAIA , and major policy reforms , and major policy reforms Enterprise DeFi pilots, tokenized real estate & smart governance POCs Top universities building the next gen of crypto-native talent Dubai is the polished powerhouse. Riyadh is the next frontier. Together, they're building the Web3 bridge the world's been waiting for. From the Community: 'HODL was a turning point. Sharing my story on stage and being heard by investors was a milestone—both personally and professionally.' — Tim Popplewell, CEO, Scintilla 'It felt like the bull market IRL. The energy, the people — pure conviction everywhere.' — Luther Maday, Global Head of Payments, Algorand Foundation 'What stands out at HODL is the caliber. You're not pitching in a vacuum. You're with leaders who actually move the needle.' — R. Vivekanand, President – BFSI Products & Platforms, TCS What's Dropping in the Dual-City Edition? Closed-door policy talks with regional regulators (yes, real ones) with regional regulators (yes, real ones) Founder–Investor matchmaking zones (ICO, IEO, STO, you name it) zones (ICO, IEO, STO, you name it) Live showcases across DeFi, RWAs, ESG, CBDCs, and more Cross-border alignment : shared standards, capital flow, and brainpower : shared standards, capital flow, and brainpower PR on blast with coverage from CNN, Khaleej Times, Entrepreneur ME, ZEX PR Wire, and more TL;DR: This Ain't Just Another Summit It's where capital meets code. Where L2 builders talk tokenomics with ministries. Where Web2 giants meet Web3 rebels. It's HODL — the longest-running summit in the game — rewriting the playbook yet again. With 30+ editions in 20+ countries, HODL isn't a conference. It's a protocol for real-world impact. Save the Dates: Dubai: 30–31 October 2025 Riyadh: 3–4 November 2025 [Register for Dubai] [Register for Riyadh, Saudi Arabia] Media Contact: Shadi DawiGlobal Director – PR, Corporate Communications & Media Relations+971 55 498 4989 [email protected] About HODL HODL, powered by Trescon, is a legacy brand reborn for the decentralized age. Spun out of the World Blockchain Summit, it's welcomed 30,000+ C-level attendees, 5,000+ investors, and 1,200+ speakers since 2017. From Dubai to Seoul, Singapore to Riyadh — HODL connects crypto-native builders with the real-world capital, policy, and platforms they need to scale. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
