PANews
PANews|Feb 03, 2026 06:48
[MagicBlock Announces BLOCK Tokenomics: 35% Allocated to the Community] The real-time Solana application engine MagicBlock has announced the economic model for its native token, BLOCK. MagicBlock introduces the 'Ephemeral Rollups (ERs)' technology, a lightweight and high-speed Solana virtual machine instance that can be instantly launched to optimize on-chain computational performance. The total supply of BLOCK is 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. Team tokens will be locked for three years and gradually unlocked based on ecosystem growth milestones. Since the launch of MagicNet in June 2025, MagicBlock has processed over 1 billion transactions and attracted 27,000 unique addresses to participate. It is reported that MagicBlock will launch the BLOCK token presale on February 5. The presale will have 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 one year after TGE, prioritizing long-term supporters. The presale will be conducted in two phases: a 24-hour whitelist priority period on February 5, followed by a 48-hour public sale open to everyone. TGE is expected to take place between late Q1 and early Q2 of 2026. Previously, it was reported that MagicBlock completed a $7.5 million seed funding round, led by Lightspeed Faction.
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