cPen Network has set a firm deadline for INK mining to end on July 30, 2026, a move that sharpens market focus on the token’s eventual listing timeline. The cutoff does not mean immediate distribution. According to the project’s update, payouts will come only after identity checks and wallet verification are completed.
Users need to finish KYC and switch to self-custody wallets
The team highlighted three actions for participants before mining closes. Users need to complete the KYC liveness check, move their destination address to a self-custody wallet, and replace any address previously set to BitMart or another exchange deposit address.
That point was stated clearly. This round of token distribution will not be sent to exchange deposit addresses, with coins going only to wallets controlled by the user. The project also urged users to review basic account security, including changing passwords regularly, enabling two-factor login from the profile page, and locking the wallet address once it has been confirmed.
Grace period and verification come before token distribution
After mining ends, cPen will open a two-week grace period for users who still need to complete KYC. Once that window closes, KYC access will be paused for a period. A verification pass will then begin, and token distribution will follow after those checks are finished.
The sequence matters because each stage depends on the prior one being completed. That means the delivery of tokens to wallets will be tied to how quickly the verification process is finalized across the user base.
Chasepot halted as treasury USDT is redirected to CPEN buy-and-burn
cPen also said Chasepot has been paused in production as the team shifts attention and resources toward launch preparation. Any remaining USDT in the Chasepot treasury will be used for a CPEN buy-and-burn.
The project said Chasepot is not being abandoned permanently and is expected to return later in a stronger form. For now, the immediate priority is the transition from mining to verification and then distribution.
Attention turns to a possible INK listing near August 2026
cPen’s original coin went live in April 2025, and the current focus has moved to the utility token INK. Based on the schedule described by the project, a listing window near August 2026 appears possible, though the date has not been finalized.
The network uses a two-token model, with PEN handling core blockchain functions while INK mining is tied to day-to-day app activity. With the mining cutoff now fixed, the most immediate issue for holders is procedural: complete KYC, confirm the correct wallet, and secure the account before distribution begins.