cPen Network Confirms 320M CPEN Burn and INK Migration Update
Pravin Bisen
cPen Network Reports 320M Burn as INK Sets KYC Deadline
cPen Network confirmed on August 4, 2026, that its Daily Burn tracker is now live, showing more than 320 million tokens have been permanently removed from circulation.
Separately, INK Network set August 15 as the deadline for community members to complete KYC (Know Your Customer, an identity verification process) and submit their wallet addresses before its token distribution begins.
Both announcements came through the projects' official X accounts. Since is expected to migrate to the cPen blockchain, the two updates are closely connected for anyone following the cPen Network ecosystem.
Token Burn Tracker Goes Live On the App
According to the official announcement, users can now check burn activity directly inside the official app by going to OnChain.
The tracker shows that more than 320 million token, close to 9.48% of the original total supply, have been burned as of August 4, 2026.
Based on the project market price at the time of calculation, the burned tokens carried an estimated value of over US$200,000. The project noted this figure is approximate and will move with market price.
Metric | Detail |
Tokens burned | 320M+ token |
Share of original supply | 9.48% |
Estimated value | US$200,000+ |
Verification | Official app, OnChain → Burn |
Date confirmed | August 4, 2026 |
Source: Official X Post
Buyback and Burn Tied to the ATEM Model
The cPen Network team said buyback and activity supports its research paper, "From Labor to Attention: The Attention-Token Economic Model (ATEM)."
The model app usage, token buybacks, and verified burns into a repeating economic cycle. Burn data can be independently checked on the app's OnChain page, according to the announcement.
INK Network Sets a KYC and Wallet Deadline
In a separate post, INK Network told its community to complete KYC and wallet submission before August 15. Members who miss the deadline may not receive their distribution, which the project said will begin after August 15.
The project also flagged a practical detail: users will need BNB (Binance Coin, used to cover network fees) in their wallets to pay gas fees when transferring or selling tokens later.
Metric | Detail |
KYC and wallet deadline | August 15, 2026 |
Distribution start | After August 15, 2026 |
Gas fee currency required | BNB |
Planned migration | INK to cPen Blockchain |
Risk of missing deadline | May miss INK distribution |
Date confirmed | August 4, 2026 |
Source: Official Post
Why INK's Migration Matters for cPen Network
INK Network confirmed it expects to migrate to the cPen Network blockchain as part of its next development stage.
That would bring INK, currently a separate token, into direct connection with the project ecosystem and its existing buyback and burn program.
For holders tracking both tokens, this means cPen Network infrastructure decisions, including burn activity and app updates, may increasingly affect the project as well.
What to Watch Next
Both teams pointed to their official channels for further updates. CPEN Network said the activity will continue to be tracked daily inside the app.
INK Network asked members to follow its official account for distribution timing after the August 15 cutoff.
Neither team gave a specific date for INK distribution beyond "after August 15," and cPen Network has not published a fixed schedule for future burns beyond the daily tracker.
Expert Opinion
The reported burn figure and the KYC deadline both come directly from the projects' official X accounts, which aligns with standard practice for token-related announcements.
The stated connection between INK's migration and the project blockchain suggests coordination between the two teams, though neither post includes a technical timeline for the migration itself.
Independent verification of burn data through the app's OnChain page is a useful transparency feature, though the estimated dollar value of burned tokens will change with market price.
Conclusion
The August 4 updates give the project community a live way to track burns, while INK Network holders now have a firm KYC deadline tied to a planned move onto the project blockchain.
Both processes remain ongoing, with further details expected through official channels.
Disclaimer: This article is for informational and educational purposes only. It does not constitute financial advice, investment advice, or a recommendation to buy, sell, or hold any cryptocurrency. Readers should conduct their own research before making financial decisions.
