Dear MGBX Users, MGBX is excited to launch the August Lucky Challenge, with a total prize pool of 8,000 USDT! By completing contract trades and collecting the lucky digit “8” during the challenge period, you can climb the leaderboard and win big. Join now and ignite your trading passion!
Event Period:
August 7, 2025 00:00 – August 13, 2025 23:59 (SGT)
Eligibility:
All platform users
Challenge 1: Collect “8” from Position IDs – 2,000 USDT Prize Pool
Each “8” appearing in a position ID during the event grants you 1 lucky point. Accumulate ≥ 50 points to share the prize pool based on your share of total points.
Rules:
- Multiple “8” in a single position ID yield multiple points
- Only closed positions during the event count
- Minimum holding time: 3 minutes 30 seconds
Challenge 2: Trade Volume Ladder Bonus – 5,000 USDT
Achieve cumulative trade volume targets to multiply your Challenge 1 earnings, up to 8× bonus!
| Cumulative Trade Volume (USDT) | Bonus Multiplier |
| ≥ 4,000,000 | ×1 |
| ≥ 8,000,000 | ×2 |
| ≥ 12,000,000 | ×3 |
| ≥ 18,000,000 | ×4 |
| ≥ 25,000,000 | ×5 |
| ≥ 35,000,000 | ×6 |
| ≥ 50,000,000 | ×7 |
| ≥ 80,000,000 | ×8 |
Rules:
- Only the highest eligible tier is awarded per user
- The 5,000 USDT bonus pool is distributed on a first-come basis until exhausted
Challenge 3: Leaderboard Rewards – 1,000 USDT
Top traders by volume can earn extra cash prizes:
| Rank | Reward (USDT) |
| 1 | 388 |
| 2 | 288 |
| 3 | 188 |
| 4 | 88 |
| 5 | 48 |
Rules:
- Minimum volume to qualify: 5,000,000 USDT
- In case of ties, rank is based on earliest achievement
Terms and Conditions:
- Participants must comply with MGBX Exchange Risk Control Rules. Any attempt to manipulate results by using single or multiple accounts for hedging strategies will lead to disqualification and risk control actions on the account.
- Trading volume is calculated as closing price × quantity, only including futures trades that generate transaction fees.
- All rewards will be distributed within 7 working days after the event concludes.
- Each UID is eligible for rewards only once. In the event of duplicate winnings, the prize will be passed down to the next eligible participant.
- MGBX will conduct a strict review of all participants. Any fraudulent behavior, including mass account registrations, malicious trading, exploitation, illegal activities, or any form of cheating, will result in disqualification and reward cancellation.
- MGBX reserves the right to modify or adjust the event terms, including but not limited to cancellation, extension, termination, temporary suspension, eligibility criteria, reward selection, and any other necessary changes.
- MGBX holds the final interpretation rights for this event. For any inquiries, please contact MGBX customer support.
MGBX Team
August 7, 2025
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