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
Solana Holds $87 Support as ETF Inflows Top $22M
Key Insights
Solana ETF inflows reached $22.14 million this week, signaling sustained institutional accumulation and reinforcing short-term support above the 50-day EMA level.
Futures open interest climbed to $5.53 billion, highlighting increased retail participation and growing
CryptoNewsLand2h ago
Singapore Gulf Bank Launches USDC Minting on Solana with $100K Minimum, Temporary Fee Waivers
Singapore Gulf Bank has launched USDC minting and redemption services on the Solana network for institutional clients, enhancing transaction efficiency and addressing challenges in transferring large sums between traditional and crypto markets.
GateNews3h ago
Solana CPO Vibhu Buys $10K XRP to Demonstrate wXRP Potential as Liquidity Hits $1M in 24 Hours
Solana's Chief Product Officer bought $10,000 in XRP to showcase wXRP's utility, driving $1 million in liquidity within 24 hours. This highlights growing interoperability in DeFi and signals a shift in liquidity flows as ecosystems merge.
GateNews4h ago
Major SOL Short Seller Opens $18M Leveraged Long Position in Brent Oil on Hyperliquid
Gate News message, the largest on-chain SOL short position holder has opened a long position in oil. Over the past 10 hours, the trader deposited 9 million USDC into Hyperliquid and opened a 3x leveraged long position on 200,687 BRENTOIL, valued at $18.08 million. The trader continues to maintain a
GateNews9h ago
Solana Now Supports WXRP, Enabling XRP Holders to Access Solana DeFi
Solana introduced WXRP, a bridged token equal to XRP, on April 18. Issued by Hex Trust and supported by LayerZero, WXRP allows XRP holders to engage in Solana's DeFi ecosystem while retaining their original assets. It is backed 1:1 by XRP and can be redeemed anytime.
GateNews12h ago
Solana Price Stalls Near $80 as ETF Outflows Weigh
Solana trades around $80, facing bearish sentiment due to ETF outflows and declining retail participation. Technical indicators show mixed signals, with resistance at $87 and $98, while support at $77 remains critical for stability.
CryptoFrontNews04-18 22:37
