I. Event Period

II. Eligibility

III. Event Details

IV. Prize Pool Unlock Rules

• If the total platform valid futures trading volume reaches 600,000,000 USDT, a 5,000 USDT prize pool will be unlocked;
• If the total platform valid futures trading volume reaches 3,500,000,000 USDT, a 20,000 USDT prize pool will be unlocked;
• If the total platform valid futures trading volume reaches 10,000,000,000 USDT, a 50,000 USDT prize pool will be unlocked.

V. Trading Volume Ranking Rewards

• 1st place will receive: 20,000 × 15% = 3,000 USDT;
• 2nd place will receive: 20,000 × 8% = 1,600 USDT;
• 3rd place will receive: 20,000 × 5% = 1,000 USDT.

VI. Event Rules and Terms

1. Users must achieve a personal valid trading volume of 100,000 USDT to be eligible for the final ranking;
2. Ranking rewards are limited to the top 200 users, and each user may only receive one ranking reward;
3. Valid trading volume calculation formula: Valid trading volume = Opening average price × Opening quantity + Closing average price × Closing quantity; Only normal futures trades that have been closed and incurred trading fees are counted; Trades generated using trial funds or futures deduction bonus, as well as zero-fee trades, wash trades, volume brushing, abnormal trades, and arbitrage via linked accounts are not included in valid trading volume;
4. In the event of equal trading volumes, the user who first reaches that volume ranks higher; The final ranking and reward amounts are subject to the platform’s settlement data.
5. Reward form: Futures deduction bonus
6. Distribution time: Within 7 working days after the end of the event
7. Deduction bonus validity period: Check the voucher details after distribution for the validity period; unused amounts will be automatically cleared upon expiry.
8. Deduction bonus usage rules: Futures deduction bonus must be manually redeemed in the Welfare Center and only one voucher can be used at a time (activating a new voucher will automatically invalidate the old one). The deduction bonus cannot be used as margin for opening positions and is only used to automatically offset your closing losses and funding fees in futures trading at the system’s predetermined ratio.
9. Liquidation restriction note: In forced liquidation scenarios, the deduction bonus does not participate in loss offset. If the account position is forcibly liquidated by the system, the related losses will be fully borne by the user’s own funds.
10. During the event period, users’ opening trades must comply with the platform’s risk control rules. Users who violate the rules by using a single account or multiple accounts jointly for long-short hedging will have their participation eligibility cancelled, and their accounts will be subject to risk control measures in accordance with the applicable rules.
11. Activity-related data only counts futures trades that incur trading fees.
12. If a user engages in bulk registration, malicious use, fraudulent behavior, illegal activities, cheating, multi-account arbitrage, AB position hedging, or other harmful intentions, MGBX has the right to cancel the participant’s eligibility and revoke the rewards.
13. Closing an account during the event period will result in the cancellation of award eligibility.
14. MGBX reserves the right to change or modify the event conditions, including but not limited to cancelling, extending, terminating, or temporarily suspending the event, eligibility criteria and scope, selection and number of winners, and measures required to implement the related changes.
15. The final interpretation right of this event belongs to MGBX. For any questions, please contact MGBX customer service.