> For the complete documentation index, see [llms.txt](https://spheroid-universe-academy.gitbook.io/faq/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://spheroid-universe-academy.gitbook.io/faq/tokenomics/what-is-sph.md).

# What is SPH?

In the Spheroid Universe ecosystem **SPH** token performs a function similar to bonuses or a discount in the loyalty program.

The Spheroid token (**SPH**), at the time of receipt, has actual application - it can be exchanged for **SPACE** (digital assets) of the Spheroid universe.