Hi #cPenNetwork community, here’s some clarity on our coin economics:
Un-KYCed Accounts:
🔹 Coins mined by un-KYCed users won’t count toward the total supply and will be forfeited.
🔹 Coins earned from un-KYCed referrals will be removed from your total balance.
KYC Requirements:
🔹Ensure you’re using the latest version of our mobile app.
🔹Maintain at least 5 consecutive days of mining.
(Check your current streak on the app’s home page.)
Total Supply:
🔹Verified Coins (per user) = Total Coins Earned - Coins from Un-KYCed Referrals
🔹Total Verified Coins = Sum of All Users’ Verified Coins
🔹Total Supply = Total Verified Coins ÷ 0.6
Token Distribution:
🔹An upcoming app update will allow you to submit your BSC wallet address.
🔹KYCed users’ tokens will be sent automatically, gas-free.
(A 3% processing fee will apply.)
We’re building for the long term and believe innovation will lead to success.
If you haven’t joined yet, start now at https://t.co/HB3sJFnF8S.
Together, let’s make a difference.
#cPenNetwork Community Updates 🌐
📢 KYC Progress: about 30% of users have completed their KYC so far.
⏳ Reminder: To qualify for token distribution in Q1 (First Quarter) 2025, you must complete your KYC.
✅ KYC Requirements:
1️⃣ Ensure you're using the latest version of the app. If the KYC button appears on your home page, you're all set!
2️⃣ Maintain a mining streak of 5 consecutive days. You can check your streak score on the home page.
💡 Don't miss out—secure your tokens today!
If you haven’t joined yet, start now at https://t.co/HB3sJFn7jk.
🙏 Thank you for being a valued part of the #cPenNetwork journey. Together, we’re building something amazing! 🌟
🌟 Exciting Update for the #cPenNetwork Community! 🌟
We’re thrilled to share the finalized cPen Network Coin Economics:
🔹 72% Community
- 60%: Pre-mainnet mining (rewards, airdrops, etc.)
- 12%: Mainnet rewards (nodes, creators, validators, etc.)
🔹 10% Team
🔹 10% Treasury (liquidity, listings, market-making, etc.)
🔹 8% Ecosystem
💡 No presales. No investors.
This ensures the majority of coins go to the community.
🌀 Total Supply:
Will be determined by factors like total mining users, rates, rewards, bonuses, etc. Finalized before token distribution.
🙏 Thank you for your unwavering support. Together, we’re building a solid foundation for a bright future.
🚀 Stay tuned for more updates!
#Blockchain #CryptoEconomics #CommunityFirst