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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Best Crypto to Buy Now: BTC, XRP, SOL, TRX, AVAX and APEPEPE Top Picks
Quick Answer: What Is the Best Crypto to Buy Now?
The best crypto to buy now depends on your strategy, but top choices include BTC for market direction, XRP for strength, SOL for growth, TRX for stability, AVAX for rebound potential, and APEPEPE for early-stage upside.
Market Overview: Why
BlockChainReporter1h ago
Solana Price Prediction 2026: How Far Can SOL Go This Year & Why Could DeepSnitch AI 100x Morpho’s Q2 Projection After March Debut?
US-listed Spot Bitcoin exchange-traded funds (ETFs) have attracted almost $1 billion in inflows since March 8, while BTC has surged more than 12% to $74,250 over the same period. This capital flush, which has lasted over six days, marks the longest streak of fresh cash into ETFs since
CaptainAltcoin3h ago
