cPen Network KYC Closed Already Closed: Mainnet in Q1 2026?

Bittime - cPen Network has closed the Know Your Customer (KYC) process marking an important milestone for the project. Does this mean cPen Network's mainnet will launch soon?

Read about the closure of the cPen Network KYC along with complete information regarding the cPen mainnet in this article!

cPen KYC Process Officially Closed

cPen Network has officially closed the Know Your Customer (KYC) process. Users who have completed verification before the deadline are now eligible for the upcoming distribution of cPen tokens. 

This verification process ensures that only authorized users receive cPen tokens, maintaining network integrity.

For those who missed this opportunity, the cPen team has confirmed that KYC will reopen in the future for $INK mining participants.

However, users who have mined $PEN and did not complete KYC before March 16, 2025 will lose their cPen token allocation.

Read also: cPen Network: Understanding and How to Min Crypto PEN on a Mobile Phone

cPen Token Verification and Distribution

After KYC closes, the next step is to verify the total token supply. The cPen team has stated that once the verification is complete, the final supply amount will be announced. 

This step is critical in determining the tokenomics and distribution structure as the project moves towards its next big milestone.

cPen token distribution is scheduled to begin on March 30, 2025. Eligible participants, who have successfully completed KYC and submitted their BSC wallet addresses, will receive their tokens as scheduled.

cPen Listing and Market Debut

The cPen token listing is scheduled to take place in early April 2025. The first stage will see the token made available on decentralized exchanges (DEX), allowing users to trade, buy, or sell their holdings. 

The team is also working to secure listings on major centralized exchanges (CEXs) such as Binance and OKEx, although official announcements regarding these listings have not been made.

Crypto analysts speculate that cPen prices could start at around $1 per token upon initial listing. If demand and adoption continues to grow, the value of the token could see an increase throughout 2025.

Mainnet launch in Q1 2026

Looking ahead, the cPen Network mainnet launch is scheduled for Q1 2026. Once live, users will be able to exchange their cPen BSC tokens for the cPen Open Network Blockchain, increasing interoperability and real-world utility. 

The transition to mainnet marks an important step in cPen's long-term roadmap, as the project moves from a mining-based distribution model to a fully functional blockchain ecosystem.

Read also: cPen Network Roadmap and Important Dates

cPen Tokenomics and Growth Potential

The total cPen supply is allocated as follows:

• 72% Community Distribution
  • 60% on pre-mainnet mining, rewards and airdrops
  • 12% for mainnet validators, nodes and creators
• 10% Team Allocation (for development and expansion)
• 10% Treasury (for liquidity, market formation, and listing on exchanges)
• 8% Ecosystem Growth Initiative

This distribution model aims to encourage sustainable growth while ensuring fair rewards for early adopters and developers.

Is cPen Network a Legit Project or a Scam?

Although some in the crypto community question whether cPen Network is a real project or a scam, the structured roadmap and tokenomics of the project indicate a well-planned initiative. 

The team's transparency in extending deadlines, securing token distribution, and planning the mainnet launch adds credibility to the project. However, as with any investment, users are advised to conduct their own research before participating in this project.

Conclusion

The conclusion of cPen's KYC process marks an important step towards achieving the project's targets. 

With token distribution scheduled for late March, listing expected in early April, and mainnet launch planned for Q1 2026, cPen is gearing up for major developments in the coming months. 

As adoption increases, the crypto community is eagerly awaiting whether cPen will become a major player in the Web3 and DeFi ecosystem.

FAQ

What is cPen Network?

cPen Network is a crypto mining platform that allows users to earn $PEN tokens for free via a mobile application.

How do you mine crypto on a cellphone with cPen Network?

You only need to download the cPen Network application, register, and activate the mining feature by pressing the start button. The mining process runs automatically without draining battery power.

When can users withdraw $PEN tokens from cPen Network?

Currently, withdrawals are not yet available as KYC and Mainnet verification are still in the development stage. Mined $PEN tokens will be able to be withdrawn once the KYC process and Mainnet launch is complete.

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Reference 

CpenCoreTeam, X Official cPen account, accessed March 17, 2025.

Deep Updahyay, cPen Network Launch Date Shifts as KYC Deadline Extended: Details, accessed March 17, 2025.

Author: SD