Hey #cPenNetwork community,
In just 3 days, cPen mining will switch over to $INK. Please update your app to v1.2.20 or later to avoid interruptions.
Note: When mining transitions from $PEN to $INK, your current streak will reset for $INK mining.
On March 11, KYC and wallet address entries will be paused for balance verification and token distribution.
To qualify for the cPen token distribution, complete your KYC and add your BSC wallet address before March 11—if not, your $PEN tokens will be burned.
Thanks for your continued support!
We're thrilled that the #cPenNetwork app is ranked among the top free social apps on the Apple App Store in the United States! This achievement wouldn’t be possible without the incredible support of our community. Thank you!
Why will we buy cPen tokens?
We previously announced that we would regularly purchase cPen tokens. Based on community feedback, we’d like to clarify/correct our strategy:
Liquidity Pools
Purchasing cPen tokens is not intended to boost liquidity pools. As detailed in our Coin Economics, the Treasury pool already holds reserved liquidity tokens, so there’s no need to buy additional cPen tokens from the market for this purpose.
cPen App Project Development
We will acquire cPen tokens to support the development of the cPen app. Although our Coin Economics includes an Ecosystem Pool, its reserves are allocated for the cPen blockchain ecosystem. As mentioned earlier, the cPen blockchain and cPen app will eventually separate, with a dedicated cPen Foundation overseeing the blockchain ecosystem. Therefore, we’ve decided to regularly buy cPen tokens from the market to strengthen the cPen app ecosystem and drive its development.
Important Note
Our decision to buy cPen tokens is solely based on our commitment to advancing the cPen app project. This announcement is intended to provide transparency about our plans and should not be interpreted as advice regarding cPen tokens or any other cryptocurrency. Trading crypto involves risk, and you may lose your entire investment. Always conduct your own research before making any decisions.
Important announcement for the #cPenNetwork community:
$PEN mining will conclude in late February 2025, with token distribution following in March (exact date TBA soon)
To be eligible for distribution, you MUST:
✓ Complete KYC verification
✓ Register your BSC wallet address (don't put your CEX address)
Note: Failure to complete these steps will result in forfeiture of your $PEN tokens
When $PEN mining ends, you'll automatically transition to mining $INK through your cPen mobile app. $INK will be an integral part of the cPen ecosystem
Post-$PEN distribution, we're excited to begin the development of https://t.co/8JddKzjq4K - a project that will introduce innovative features - we hope it will bring cPen network to a new level.
Thank you for your continued support and trust in the cPen Network. Follow us and set notifications on to stay informed about distribution dates and important updates! 🔔
🚀 cPen 1.2.17 Update is Here! 🚀
We’ve just launched our latest cPen app update on Android (iOS coming soon)! 🎉
You can now enter your BSC wallet address for the upcoming token distribution in the first quarter of 2025 (exact date TBA). 📍🛠️
Please note that the address must be from a self-custodial wallet (such as MetaMask, Trust Wallet, or OKX Web3 Wallet) that you control. Do not use addresses from centralized exchanges (CEX).
Make sure you verify your wallet address carefully. If you provide an incorrect address or a CEX address, your tokens will be lost permanently and cannot be recovered.
If you haven’t installed the cPen mobile app yet, download it here: https://t.co/HB3sJFnF8S
Thank you for your continued support—together, we’ll make a difference!
🌟 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
#cPenNetwork is committed to becoming a revolutionary Web3 platform, powered by blockchain and AI technology.
Join me and start mining for free by downloading the app through this link: https://t.co/d0tkKeh54L
Invitation code: Sirchief