PANews reported on February 3 that MagicBlock, the real-time engine for Solana applications, announced the economic model for its native token $BLOCK. MagicBlock introduced "Ephemeral Rollups (ERs)" technology, a lightweight, high-speed Solana virtual machine instance that can start instantly and optimize on-chain computing 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 3 years and will be unlocked gradually 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.

MagicBlock has announced a presale of its $BLOCK tokens on February 5th. The presale offers two options: Option 1 is a first-come, first-served elastic curve model where tokens will be fully unlocked during the TGE (Token Generation Event); Option 2 is a fixed-price model (100M FDV), where tokens will be locked for one year after the TGE, prioritizing long-term supporters. The presale will be divided into two phases: a 24-hour priority period for whitelisted addresses on February 5th, followed by 48 hours open to all. The TGE is expected to take place from the end of Q1 to the beginning of Q2 2026.

Previously, it was reported that MagicBlock completed a $7.5 million seed round of financing, led by Lightspeed Faction .