cPen Network confirms destruction of 320 million CPEN and INK migration updates

cPen Network reports destruction of 320 million tokens, INK sets KYC deadline

cPen Network confirmed on August 4, 2026 that its daily destruction tracker is now online, showing that more than 320 million tokens have been permanently withdrawn from circulation. Meanwhile, INK Network has set August 15 as the deadline for community members to complete KYC (Know Your Customer, an identity verification process) and submit wallet addresses, after which token distribution will begin.

Both announcements were made through the official X account of each project. Since INK is expected to migrate to the cPen blockchain, these two updates are closely related for users who follow the cPen Network ecosystem.

The token destruction tracker has been launched in-app

According to the official announcement, users can now view destruction activities directly within the official app by entering the "OnChain" page. Trackers show that as of August 4, 2026, more than 320 million tokens have been destroyed, close to 9.48% of the original total supply. Based on the market price of the project at the time of calculation, the estimated value of these destruction tokens exceeded $200,000. The project party pointed out that this figure is an approximation and will fluctuate with market prices.

Key metrics details:

Number of destroyed tokens: 320 million +

Proportion of original supply: 9.48%

Estimated value: USD 200,000 +

Verification method: Official application, OnChain → Destruction

Confirmation date: 04/08/2026

The repurchase and destruction mechanism is linked to the ATEM model

The cPen Network team stated that the repurchase and destruction activities support its research paper "From Labor to Attention: Attention-Token Economy Model (ATEM)." The model integrates application use, token repurchase, and verifiable destruction into a circular economic cycle. According to the announcement, destruction data can be independently verified on the app's "OnChain" page.

INK Network sets KYC and wallet submission deadlines

In another announcement, INK Network informed its community that it needs to complete KYC and submit wallet addresses by August 15. Members who miss the deadline may not be able to receive token distribution, and the project party said distribution will begin after August 15. The project party also reminded of one practical detail: When transferring money or selling tokens in the future, users will need to hold BNB (Binance Coin, used to pay network fees) in their wallets to pay Gas fees.

Key Indicator Details:

KYC and Wallet Submission Deadline: August 15, 2026

Distribution Start Time: After August 15, 2026

Required Gas Fee Currency: BNB

Planned Migration: INK to cPen blockchain

Risk of missing deadline: May miss INK distribution

Confirmation date: August 4, 2026

Why INK migration is critical to cPen Network

INK Network confirmed that it expects to migrate to the cPen Network blockchain as part of its next stage of development. This would directly link the currently independent INK tokens to the cPen ecosystem and its existing repurchase and destruction programs. For users holding both tokens, this means that infrastructure decisions by the cPen Network, including destruction activities and application updates, may increasingly affect INK tokens.

Follow-up Focus Points

Both teams stated that follow-up information will be released through official channels. cPen Network said destruction activities will be tracked daily within the app. INK Network asks members to follow their official accounts to obtain distribution schedules after the August 15 deadline. Neither team gave a specific date for INK distribution, only mentioning "after August 15", and cPen Network did not announce a future destruction schedule other than the daily tracker.

Expert Opinion

The destruction quantities and KYC deadlines reported are directly from the project's official X account, which is in line with normal practice for token-related announcements. The link between the INK migration and the cPen blockchain suggests coordination between the two teams, but neither announcement provides a technical timetable for the migration itself. Independent verification of destruction data through the in-app "OnChain" page is a useful transparency feature, but the estimated dollar value of destroyed tokens will vary with market prices.

Conclusion

The August 4 update provides the cPen Network community with a way to track destruction in real time, while INK Network holders now have a clear KYC deadline tied to planned migration to the cPen blockchain. Both processes are ongoing, and more details are expected to be released through official channels.

Disclaimer : This article is for informational and educational purposes only. It does not constitute financial advice, investment advice, or recommendation to buy, sell, or hold any cryptocurrency. Readers should study for themselves before making financial decisions.