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MGBX Announces $8,500 USDT Position Rewards Event

MGBX launches simultaneous promotions in late 2025, offering position rewards for top traders and up to 6,670 USDT in experience funds for new verified users.

USDT

Summary

MGBX is running two promotional events in late 2025. From October 30 to November 5 (SGT), the platform will reward the top 300 traders ranked by position duration and leverage with a total prize pool of $8,500 USDT, including $6,500 in position rewards and $2,000 in liquidation subsidies. Additionally, from November 1 to 15 (SGT), MGBX will hold its 'New User Trading Growth Task' program. New registrants must claim tasks within seven days of signing up, complete verification, deposit funds, and engage in trading to earn contract experience funds of up to 6,670 USDT.

Terms & Concepts
  • USDT: Tether, a widely used stablecoin pegged to the US dollar, allowing value transfer without cryptocurrency price volatility.
  • Leverage: A trading method that uses borrowed capital to increase potential returns, but also amplifies potential losses.
  • Liquidation Subsidy: A financial reimbursement provided to traders to offset losses incurred during forced position closure due to margin shortfall.