PANews February 3 News, Solana application real-time engine MagicBlock announced its native token $BLOCK economic model. MagicBlock introduces the “Ephemeral Rollups (ERs)” technology, a lightweight, high-speed Solana virtual machine instance that can be launched instantly and optimize on-chain computing performance.
$BLOCK has a total supply of 10 billion, with 35% allocated to community users, 15% to node operators, 20% to investors, 18% to the team and advisors, and 12% to the ecosystem fund. The team tokens will be locked for 3 years and gradually unlocked based on ecosystem growth milestones. Since the launch of MagicNet in June 2025, MagicBlock has processed over 1 billion transactions, attracting 27,000 unique addresses to participate.
It is reported that MagicBlock announced it will launch the $BLOCK token pre-sale on February 5, with two options: Option 1 is a first-come, first-served elastic curve model, with tokens fully unlocked at TGE (Token Generation Event); Option 2 is a fixed price model (100M FDV), with tokens locked for 1 year after TGE and prioritized for long-term supporters. The pre-sale will be divided into two phases: within 24 hours on February 5 for whitelist addresses, followed by 48 hours open to everyone. TGE is expected to occur between the end of Q1 2026 and the beginning of Q2 2026.
Earlier, MagicBlock completed a $7.5 million seed round funding, led by Lightspeed Faction.
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