queen

@stasweet20

Joined June 2023

664 Following

14 Followers

997 Posts

stasweet20 retweeted

cPen Network

@cPenCoreTeam

about 1 month ago

Hi #cPenNetwork community, The two questions we hear most right now are: “When is the INK distribution?” “Where will INK be listed?” This post answers both — and explains the thinking behind our decisions, because we believe you deserve the reasoning, not just the conclusions. TL;DR - KYC + liveness verification has been extended to August 21, 23:59:59 UTC. Many of you asked for more time, and we heard you. This is the final deadline; there will be no further extension. - Only accounts that complete KYC + liveness by the deadline will be eligible for their mined INK distribution. Completing KYC after it reopens later will not restore INK eligibility. - After the window closes, we are targeting approximately 2 weeks for verification, followed by a phased INK distribution, targeted to begin around mid-September, depending on verification progress. We will work to begin as early as we responsibly can. - INK will launch on PancakeSwap on BNB Chain. We are not pursuing a centralized exchange listing for launch. - Our launch approach is built around four choices: DEX-first trading, the voluntary INK Lock program, phased distribution, and ecosystem support including buyback-and-burn and Burnchase. What INK means to us INK holds a special place in the cPen story, and we want to say this before talking about logistics. INK mining had barely begun when the project entered the hardest periods we had ever faced. The people mining INK at that time could have walked away. Instead, you stayed. Through the INK season, we found our direction, put the larger ecosystem together, and rebuilt step by step. Your continued participation gave us the opportunity to keep building through that period. INK carries that story. This launch is our opportunity to treat it with the care it deserves. Where INK will be listed, and why INK will launch on PancakeSwap on BNB Chain, the same DEX where CPEN trades today. We are not pursuing a centralized exchange listing for the INK launch. We want to be transparent about why. The CPEN centralized-exchange listing required significant funds and months of work. Looking back, we believe those resources could have been put to better use building the product and ecosystem. The recent exchange wind-down also reinforced another consideration: when tokens are held on a centralized exchange, holders depend on that exchange's custody, operations, and withdrawal infrastructure. With a DEX, users trade directly from self-custody wallets, and transactions can be verified on-chain. It also allows us to avoid significant centralized listing costs and focus our resources on building the ecosystem. That does not mean DEX trading is risk-free. Crypto assets remain volatile, and DEX users should understand market, liquidity, smart-contract, wallet-security, and transaction risks. One door remains open: if a genuine top-tier exchange opportunity appears in the future on terms that make sense for the project and community, we will consider it. What we do not intend to do is spend heavily simply for the sake of having an exchange listing. Launching INK carefully We are long-term builders, and our priority is the utility and sustainability of the cPen ecosystem. The CPEN experience also taught us that the structure of a token launch matters. For INK, we are taking four deliberate steps: 1. DEX-first launch INK will begin on PancakeSwap without a paid centralized-exchange listing. This keeps more project resources available for development, infrastructure, and ecosystem programs. 2. INK Lock The voluntary INK Lock election announced earlier has now closed. Users who chose to lock their eligible INK will have their distributed INK subject to the lock period they selected, together with the applicable bonus terms. These were voluntary choices made by users before distribution. 3. Phased distribution INK will be distributed in phases rather than through one single distribution. We will announce the schedule and details of each phase before it begins. 4. Ecosystem support INK is planned to be supported alongside CPEN across the cPen ecosystem, including the buyback-and-burn program, Burnchase, and future ecosystem programs as they roll out. Buyback-and-burn activity is part of the token ecosystem; it should not be understood as a guarantee of INK's market price or future value. The timeline Now → August 21, 23:59:59 UTC KYC + liveness verification remains open. We extended the deadline because many community members asked for additional time and we want eligible users to have a final opportunity to complete verification. However, we need a fixed eligibility set before INK verification can begin. August 21, 23:59:59 UTC is therefore the final deadline. Accounts that have not completed both KYC and liveness by then will not be eligible for their mined INK distribution, and completing KYC after it reopens later will not restore that eligibility. After the deadline → approximately 2 weeks The INK verification process begins. During this period we will confirm KYC and liveness status, verify mined INK balances, and perform the necessary anti-abuse checks. We will work efficiently, but accuracy comes first. Target: around mid-September The phased INK distribution is targeted to begin, subject to completion of the verification process. We will announce the distribution details and each phase before it starts. After INK verification/distribution KYC will reopen for users who need it for HATN and future cPen features. Please understand the distinction: Reopened KYC will not restore eligibility for mined INK from the completed INK mining period. What you should do before August 21 1. Complete KYC + liveness verification If you have not completed both, please do so before August 21, 23:59:59 UTC. Do not leave it until the final hours. If the liveness check is having difficulty: - Update the cPen app to the latest official version. - Try switching between Wi-Fi and mobile data. - If you can, try another phone; use a different brand. Phones from the same manufacturer often share the same issue. - Use a well-lit environment and disable display filters or power-saving settings that may interfere with the camera. 2. Check your BSC wallet address INK will be distributed to the eligible wallet address saved in your cPen account. It must be a self-custody wallet where you control the keys, such as MetaMask or Trust Wallet. Do not use a centralized exchange deposit address. Tokens sent to an incorrect or unsupported exchange address may be unrecoverable. Once you have confirmed that your wallet address is correct, we recommend using the wallet lock feature if it is available to you. The wallet lock adds an email-verification step before the saved address can be changed, providing additional protection for your distribution address. 3. Follow only official cPen channels Important INK announcements will come from this account and through announcements inside the official cPen app. ⚠️ Stay safe The official cPen INK contract address has not yet been published. We will publish it through our official channels when the INK launch goes live. Until then, any token claiming to be the official cPen INK token is not official. After launch, always verify the contract address against our official channels before interacting with the token. The cPen team will never DM you first and will never ask for your seed phrase or private keys. Nobody can restore your INK eligibility, accelerate verification, or recover an expired eligibility deadline in exchange for payment. What comes next From here, you will see updates as each stage moves forward: INK verification → distribution details → phased distribution → DEX launch We will announce each step as it is ready. INK miners stayed with this project through one of its hardest chapters. Now it is our responsibility to carry INK through the next chapter carefully, transparently, and step by step. Thank you for being here and for continuing this journey with us. cPen Team A small team with a big dream

12K

246K

queen

@stasweet20

Last Seen Users on Sotwe

Trends for you

Most Popular Users