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
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! 🔔
🔒 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
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!