MGBX Merchant Subsidy Program (Ended)

Dear Merchant Partners,

To better serve our users and safeguard fairness and transparency in P2P trading, we are optimizing the rules for posting ads and introducing a matching subsidy program to protect merchant margins. Please see details below:

1. Ad-Posting Rule Changes

A. Selling-Price Guideline

• Daily, we will publish a dynamic reference price based on OKX P2P rates.

• All sell ads must be listed within this reference price and its allowed range.

B. Buying-Price Guideline

• The same day’s buy-ad price must be fixed at the selling reference price minus 0.05 USD.

• No further adjustment is permitted.

2. Merchant Subsidy Program

To offset tighter spreads, merchants who list USDT sell ads at the reference price will receive a daily subsidy.

• Calculation is in USD and converted to USDT at the next-day market rate.

Subsidy Formula

• Daily USDT sold ≤ 10,000
  Subsidy (USD) = volume × 0.01

• Daily USDT sold > 10,000
  Subsidy (USD) = 100 + (volume above 10,000 × 0.005)

• Daily cap: 150 USD (paid in equivalent USDT)

Payment

• The subsidy is credited in USDT on the following day.

• Only genuine, non-wash trades count.

• Wash trading will disqualify the volume and may lead to penalties.

Examples

• Merchant A sells 9,000 USDT → 90 USD subsidy (≈ 90 USDT) next day.

• Merchant B sells 15,000 USDT → 100 + 5,000 × 0.005 = 125 USD subsidy (≈ 125 USDT) next day.

Special Clauses

• If any sell ad is not posted at the reference price, no subsidy is granted.

• If any buy ad is not posted at the mandated price, only 50% of the calculated subsidy is paid.

3. Key Reminders

• Wash trading is strictly prohibited.

• Violations will void subsidy eligibility and may incur further sanctions.

• Please always list ads within the reference price and range to maintain a healthy and fair P2P market.

Thank you for your cooperation.
For any questions, please contact our support team.

MGBX Exchange Team