Hey #cPenNetwork community! 🚀 Despite a minor glitch, the transition to $INK mining in the cPen app is now complete! This marks a major milestone in our journey—thank you for being part of it!
🔹 Update your app to version 1.2.20 or later for the best experience.
🔹 If you mined $PEN before the switch, it’s visible in your Wallet. The verified amount will show 0 until verification is completed later this month.
🔹 Referral mining rewards update: Earn 10% of your referral’s basic mining—rewards will reflect after their session ends.
🔹 Referral bonus remains: You & your referral each earn 3 $INK per new sign-up.
🔹 Your team includes all your referrals, excluding the person who referred you.
🔹 KYC & BSC wallet deadline: Complete your KYC and enter your BSC wallet address by March 11!
We appreciate your support! More updates coming soon.
🔒 Important Announcement: $PEN Token Lock Strategy Update! 🔒
To ensure long-term growth and community trust, we’re locking 30% of $PEN’s total supply for 5 years:
✅ 12% – Mainnet Rewards
✅ 10% – Team Allocation
✅ 8% – Ecosystem Fund
Lock Details:
⏳ 12-Month Cliff: No unlocks in Year 1.
📈 48-Month Linear Vesting: Gradual release from Month 13–60.
🚨 Important Note: Community-mined rewards (earned through participation) are NOT locked—only the 30% above are subject to the lock.
To our incredible community: Thank you for believing in #cPenNetwork’s vision! 🚀
#Blockchain #Crypto #Tokenomics
Previously, we announced that token mining will soon switch from $PEN to $INK (please update your app to the latest version if you haven’t already). Today, we want to clarify the differences between these two tokens and why both are essential to our ecosystem.
$PEN will be used as the gas fee token on the cPen blockchain when we have the open network, ensuring smooth, secure on-chain transactions. Looking ahead, $PEN will play a key role in the future development and governance of the cPen blockchain.
In contrast, $INK is designed for in-app purchases within the cPen App. Similar in spirit to Telegram’s Star—but with a major upgrade—$INK will be fully on-chain and transferable, giving you enhanced control and flexibility in your app interactions.
Eventually, we plan to separate the cPen blockchain from the cPen app to form the cPen Foundation. Separating functionalities lets us optimize both our blockchain and app experiences:
• $PEN powers blockchain transactions and future governance.
• $INK fuels app-specific features and in-app economies.
This dual-token approach not only streamlines operations but also lays the foundation for a scalable, robust ecosystem. Thanks for being a vital part of our journey as we continue to innovate and grow!
#cPenNetwork #CPEN #INK #Blockchain #Crypto
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!