Community chatter about a May 30 deadline for INK token mining has been officially rejected. cPen Network's team states clearly: mining does not end today, nor in June. The actual cutoff is July 2026, as per the team's direct announcement — not community speculation.
Rumor Origin vs. Real Deadline
Several groups and third-party channels had circulated a May 30 cut-off, causing panic among miners. cPen never endorsed any such date anywhere. The official word is that mining runs until July 2026, and any unverified claims should be disregarded.
What Happens After Mining Stops
Two steps follow in order: token verification — checking each miner's identity, and INK distribution — verified miners receive tokens. To qualify, three boxes must be ticked: complete liveness verification inside the app; link a DEX wallet (like MetaMask or Trust Wallet) on the wallet page; lock that wallet address to secure your spot. CEX wallets like BitMart won't work — update if already linked.
CPEN vs INK — Different Roles
Many confuse the two. CPEN is the main token on BSC, handling gas fees and governance — the engine of the network. INK is a utility token powering in-app features and purchases, earned through platform activity. One runs the network; the other runs the app. Both matter, but serve distinct functions.
Listing Outlook and Tokenomics
No confirmed listing date yet. The team has stated: distribution follows verification, and listing follows distribution. Full tokenomics — supply breakdown, release schedule, pricing — will come in a separate technical paper. The team confirmed INK will follow the same buyback strategy as CPEN, aimed at long-term value.
The May 30 rumor episode underscores how quickly unverified claims spread in crypto. Direct communication from the team clarifies: mining ends July 2026, not earlier. Miners who complete KYC and wallet setup early significantly reduce risk. The dual-token model — CPEN for infrastructure, INK for utility — is common in blockchain, but real user adoption after INK goes live will determine its success. The absence of a confirmed listing date is normal at this stage; premature dates tend to do more harm than good.