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CheapPen has eight characters and just two syllables. Two syllable names make popular global brands. Successful brands using two syllable names include Walgreens, Visa and Walmart.
This domain was first registered in May 2004. Older domains have an advantage when ranking in search engines.
Cheappen.com is a dot-com domain. Dot com is the most desirable domain extension. Owning a dot-com says that you own the word "CheapPen" online.