Why will we buy cPen tokens?
We previously announced that we would regularly purchase cPen tokens. Based on community feedback, weโd 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 thereโs 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, weโve 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.
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 wouldnโt be possible without the incredible support of our community. Thank you!
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 11โif not, your $PEN tokens will be burned.
Thanks for your continued support!
Hey #cPenNetwork community! ๐ Despite a minor glitch, the transition to $INK mining in the cPen app is now complete! This marks a major milestone in our journeyโthank you for being part of it!
๐น Update your app to version 1.2.20 or later for the best experience.
๐น If you mined $PEN before the switch, itโs visible in your Wallet. The verified amount will show 0 until verification is completed later this month.
๐น Referral mining rewards update: Earn 10% of your referralโs basic miningโrewards will reflect after their session ends.
๐น Referral bonus remains: You & your referral each earn 3 $INK per new sign-up.
๐น Your team includes all your referrals, excluding the person who referred you.
๐น KYC & BSC wallet deadline: Complete your KYC and enter your BSC wallet address by March 11!
We appreciate your support! More updates coming soon.