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
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Hi #cPenNetwork community,
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