NEW YORK, Aug. 15, 2025 (GLOBE NEWSWIRE) -- The price of Ethereum (ETH) has shown notable strength over the past 24 hours, trading in the range of $4,619.49 to $4,788.55 (source: CoinMarketCap, August 15, 2025). Against this positive market backdrop, MAGACOIN FINANCE, an Ethereum-based blockchain project, has confirmed the successful close of its $12 million strategic funding round, supported by more than 10,000 verified participants — including a substantial group of early presale contributors.
Ethereum-Based Project with DeFi Staking Functionality and Third-Party Audits
Fully developed on the Ethereum blockchain, the MAGACOIN FINANCE platform is designed to offer token holders the ability to participate in its Ethereum-based DeFi staking ecosystem. Through this platform, participants may choose to lock (stake) their tokens to support network operations and liquidity. Staking rewards are variable and dependent on market conditions and platform performance.
The project has completed a HashEx security audit, with a CertiK audit currently in progress. Audit findings and reports are or will be made publicly accessible once finalized.
Funding Highlights
- $12 million raised from over 10,000 verified participants, including early presale contributors.
- Built fully on the Ethereum blockchain with an integrated DeFi staking platform.
- Independent security review: HashEx audit completed, CertiK audit pending.
- Development roadmap includes potential centralized exchange (CEX) listings, expanded staking features, and strategic partnerships, subject to market and regulatory conditions.
Market Context
Ethereum’s recent upward move has created increased interest in Ethereum-based blockchain projects. While market conditions remain volatile, project backers believe this funding milestone positions MAGACOIN FINANCE for continued product rollout and ecosystem growth.
About MAGACOIN FINANCE
MAGACOIN FINANCE is an Ethereum-based blockchain project focused on developing decentralized finance (DeFi) tools and protocols, including staking, liquidity provision, and community-driven governance features.
For more information, visit: https://magacoinfinance.com
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements, including but not limited to statements regarding anticipated product features, potential exchange listings, strategic partnerships, and future growth. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from those stated or implied due to various factors, including but not limited to regulatory developments, market conditions, and technical challenges. Readers are cautioned not to place undue reliance on these forward-looking statements. MAGACOIN FINANCE undertakes no obligation to update any such statements except as required by applicable law.
Contact Details
PR Specialist: Rebecca Miles
Email: rebecca@magacoinfinance.com
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