Michael Uwah O 💜💙🤍

I Teach while Learning |I Mentor |I Lead |I Am A Digital Marketing Strategist |Video Animation..

[Ice Open Network @ice_blockchain]

🚨 An Update from the CEO

I want to speak openly about the situation we are facing.

For more than four years, our company has operated out of the BVI without a traditional bank account. Throughout that time, the business was funded primarily through token-based agreements. That meant development, infrastructure, marketing, legal, and many other operational costs were covered through tokens rather than fiat. This was possible because we worked with a service provider who believed deeply in our vision and agreed to support the project in exchange for tokens.

For over four years, that provider stood by us and helped us build. However, due to recent market conditions, he lost confidence in the project and decided to claim tokens that were scheduled to unlock after two years, on 7 April. That event triggered the crash you have seen and brought our collaboration with him to an end. It has also placed the company in a very difficult position.

Over the past four years, the total cost of building this project has exceeded $18,000,000 USD. We have invoices, records, and audit trails for every expense. During this entire period, @ice_z3us, @robertpreoteasa, and @ice_apoll0 did not take salaries, because we believed in the long-term vision and chose to keep building.

As many of you know, under our tokenomics, the team managed approximately 4.2 billion tokens across the team, treasury, and ecosystem allocations. Because the monthly operating costs of the project were so high, we entered into a long-term agreement with the service provider under which he would receive a larger amount of tokens after two years in return for supporting the business and helping us scale. That structure was meant to buy us time to build properly and reach a stronger position.

The reality is that the cost of operating the project became far greater than what could reasonably be recovered. The provider ultimately lost money on the arrangement, and after investing around $18,000,000, he chose to exit and sell the tokens he was entitled to. That is what brought us to where we are today.

At this moment, the company still holds a little over 1 billion tokens. As the attached data shows, and based on the average prices at which the provider sold in recent days, it is clear that the company has been operating at a loss from the very beginning. Even so, we kept going because we truly believed in the project.

We have seen many accusations claiming that we, as a team, dumped tokens on the community. That is simply not true. What happened was the termination of an agreement with a long-term service provider, and that outcome has now been reflected in the market.

The project's current operating cost is around $400,000 per month. Many people do not realize how expensive it is to keep a project like this alive at scale. Even if every token we had received had been sold, it still would not have fully covered the total costs and obligations of the business.

We never lied when we said we believed in this project. In fact, we are the ones who have been hurt the most by this situation.

Because I want to remain fully transparent, I have to say this clearly: we are now reviewing whether it is possible to reduce costs significantly over the coming weeks, potentially by half. If we continue operating, it may require us to sell part of the remaining treasury tokens to cover essential expenses. We are no longer in a position where we can keep absorbing losses indefinitely, especially after already carrying losses of roughly $8 million.

What happens next depends on whether the project still has real support from the market and the community. We will watch the coming days carefully and assess whether there is enough confidence and momentum for us to continue building. If there is, we will keep going. If there is not, we will be forced to consider shutting the project down. And if that happens, I want to be clear: we will burn our remaining tokens, not sell them.

It is also important for the community to understand how much of the unlocked token supply was used to support the ecosystem. Out of the 4.2 billion tokens managed across these years, more than 900 million tokens were used for exchange campaigns, KOLs, and liquidity. Many people ask for listings, but few understand what listings actually require: exchange liquidity, market making, campaigns, promotions, and other associated costs. These are real costs, and they are substantial.

There is another truth I have avoided discussing publicly until now, but I believe it is important to say it. Exchanges do not value all user bases equally. Large user numbers from Tier 3 countries did not help with listings in the way many people assumed. In many cases, exchanges specifically asked us for performance and user metrics excluding those regions. This is an uncomfortable reality of the industry, but it is a reality nonetheless.

In the images attached, I have also shared detailed costs, including what different exchanges charged us and how many tokens were required for marketing and listing-related activity. I want people to better understand how this industry really works. We have nothing to hide, and the exchanges involved can confirm the commercial structures.

I am deeply saddened that we are in this position, but I owe you the truth. The documentation is there. The records are there. The transaction history is there.

If anything, we are the ones who lost the most trying to make this vision real.

[Michael Uwah O 💜💙🤍 @micuwah]

Do you remember when you joined X? I do! #MyXAnniversary
Let's just start from here

[Michael Uwah O 💜💙🤍 @micuwah]

The Only Limit To Our Realization Of Tomorrow Will Be Our Doubts Of Today.

Franklin D. Roosevelt

[Michael Uwah O 💜💙🤍 @micuwah]

BLUM was underwhelming!

But @WagmiHub stands out.

$INFOFI Listing June 30 at 10AM UTC.

Low cap, ripe for pump.
https://t.co/NJaK0agiuH

[WAGMI HUB @WagmiHub]

🥳 New $INFOFI Listing Date: Monday, June 30, 10:00 AM UTC!

After careful coordination with exchanges, our partners and listening to community feedback, we are officially confirming the new $INFOFI listing date details.

🗓 Date: Monday, June 30, 10:00 AM UTC
💎 Pair: INFOFI/USDT
🔗 Network: Solana / BSC
💲 Initial Market Cap: $250,000
📊 FDV at Launch: $3M
🧮 CA: 2RHWryP5nYjVo747tMe67DdE7i95LmPRRBV1PooF9nGg (SOL) / 0x2a4656774759Fa9Eb9732Fc6ca1DC2f893819fC3 (BSC)
📈 Exchanges: @kucoincom, @MEXC_Official, @RaydiumProtocol, @PancakeSwap

🤔 Important Reminders Before the Drop!

• Make sure your KuCoin UID and Twitter account are submitted in the Airdrop section inside the WAGMI HUB App;
• Keep grinding and stay active, your loyalty score still matters until the final snapshot;
• We are still keeping open a special review form in case you faced any issues submitting your airdrop data.
• Beware of scams, $INFOFI is not live anywhere yet. Trust only our and listed above exchanges official links.

😎 This is still one of the lowest FDV launches in the InfoFi sector with a working product, active users, and global demand. Lock in your final activities and let’s make June 30 a day to remember!

[Michael Uwah O 💜💙🤍 @micuwah]

https://t.co/XGuGgdSHd7
Join me on Satoshi App, trusted by 16M+ users. Earn free tokens from top web3 projects. It's quick and easy to sign up. Let's grow our crypto portfolios together!

[Michael Uwah O 💜💙🤍 @micuwah]

✅ Verifying my account on #CMK with the nickname: "micuwah" 👉 Learn more about @tokeroexchange! #TOKERO #CMK #Tap2Win #TMOON #CryptoMayorsKombatbyTOKERO

[Michael Uwah O 💜💙🤍 @micuwah]

@cPenCoreTeam I can't wait for this to happen

[cPen Network @cPenCoreTeam]

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!

[cPen Network @cPenCoreTeam]

🚀 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!

[Michael Uwah O 💜💙🤍 @micuwah]

@cPenCoreTeam Nice one

[Michael Uwah O 💜💙🤍 @micuwah]

@cPenCoreTeam Great!

[cPen Network @cPenCoreTeam]

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 Network @cPenCoreTeam]

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

[Michael Uwah O 💜💙🤍 @micuwah]

@cPenCoreTeam This is an important clarification

[cPen Network @cPenCoreTeam]

🔒 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

[Michael Uwah O 💜💙🤍 @micuwah]

@cPenCoreTeam Wow 😲🙆🏾‍♀️

[cPen Network @cPenCoreTeam]

Hey #cPenNetwork community, our project is growing rapidly with your support and we're excited to share our development plan with you:

After the distribution, we will use the cPen app profits to:
- Buy cPen tokens regularly (to boost liquidity pools and grow the project).
- This is a long-term strategy, not a one-time move!
- Share a public BSC wallet so everyone sees every action.
- Post monthly updates — total transparency, always.

Why This Matters:
- We’re here to stay: Reinvesting profits = proof we’re committed for the long haul.
- Better for you: Stronger liquidity = smoother trades for the community.

As you may already know we are a tiny team without outside investment. And this brings us some advantages:
- No outside investors = no pressure to sell tokens.
- Zero profit-sharing = more pennies go back into cPen.
- We spend wisely to keep the project running forever.

Thank YOU!
Over a year in, we are proud of what have achieved without hype and marketing — you made this work. Let’s keep growing together.

We’re more confident than ever about cPen’s future!

[Michael Uwah O 💜💙🤍 @micuwah]

@cPenCoreTeam Nice

[cPen Network @cPenCoreTeam]

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.

[Michael Uwah O 💜💙🤍 @micuwah]

@cPenCoreTeam That's interesting