Key Takeaways
- Margex introduces Competitions — a new feature where traders predict the future price of a crypto asset and compete for real rewards.
- Both free and paid competitions are available, with dynamic prize pools that grow as more traders join.
- Five regular weekly competitions launch automatically every Monday, each focused on a different coin.
- The Hall of Fame tracks the top performers across all competitions with gold, silver, and bronze trophies.
- Private competitions with invite codes allow influencers to host exclusive contests for their communities.
Margex is launching Competitions — a new way for traders to test their market instincts against each other. The concept is simple: predict the future price of a cryptocurrency, and if your prediction is closest to the actual price when the competition ends, you win.
Competitions are available in both free and paid formats, with prize pools that scale dynamically based on the number of participants. Whether you’re a seasoned analyst or just want to test your gut feeling, Competitions give you a concrete way to put your market view to the test — and get rewarded for being right.
How Competitions Work
Every competition follows three stages:
- Submission — The competition is open for entries. Choose a competition, review the asset and conditions, enter your price prediction, and join. You can update your prediction for free at any time during this stage.
- Active — Submissions are locked. The competition is live and the market decides the outcome. No changes can be made to your prediction.
- Completed — The final price is recorded. Participants are ranked by how close their prediction was to the actual price. Winners receive their rewards.
The closer your prediction is to the real price at the end, the higher you rank. The difference between your prediction and the actual price is your score — the smaller it is, the better.
What You Can Win
Competitions use a tiered prize pool system. The more participants that join, the higher the prize pool tier that activates — meaning bigger rewards for everyone.
- Dynamic prize pools — Prize pools grow as more traders join. Each competition displays the current tier and how many more participants are needed to unlock the next one.
- Multiple rewarded places — It’s not just about first place. Depending on the competition, several top-ranking participants earn rewards.
- Trophies — Top finishers earn gold, silver, or bronze trophies that are permanently displayed in the Hall of Fame.
Types of Competitions
Regular Competitions
Five regular competitions launch automatically every Monday, each focused on a different cryptocurrency. Every regular competition runs for three weeks: one week for submissions, one week active, and one week for the next cycle. This means there’s always a competition you can join right now.
Standard Competitions
Standard competitions are created manually and can have custom durations, assets, entry fees, and prize structures. These may be one-off events or special promotions with unique conditions.
Private Competitions
Private competitions are exclusive events available only to invited participants. To join, you’ll need an invite code from one of our partners. Keep an eye on Margex partner channels for invite codes and exclusive competition announcements.
Free vs. Paid Competitions
Some competitions are completely free to enter. Others require a participation fee in USDT, which contributes to the prize pool. Each competition card clearly shows whether it’s free or paid before you join.
How to Join a Competition
- Browse competitions — Open the Competitions section from the header menu. Browse available competitions and check the asset, timeline, and entry conditions.
- Enter your prediction — Click Join, review the rules and conditions, enter your price prediction for the target asset, and confirm.
- Update anytime during submission — Changed your mind? You can update your prediction for free as many times as you want before the active stage begins.
- Track your competition — Visit My Competitions to see all your active entries, past results, and unclaimed rewards.
- Claim your rewards — If you placed in a winning position, claim your reward directly from the My Competitions page. Unclaimed rewards are highlighted so you never miss one.
Hall of Fame
The Hall of Fame is a global leaderboard that tracks the top 10 performers across all competitions. Rankings are based on the trophies you’ve earned:
- Gold trophies — 1st place
- Silver trophies — 2nd place
- Bronze trophies — 3rd place
If you’re in the top 10, your position is highlighted when you visit the Hall of Fame. You can also search for any participant by their referral ID to see their ranking.
Entry Requirements
Each competition may have its own entry conditions. Common requirements include:
- Minimum trading volume — A minimum total turnover on the platform may be required.
- Minimum account balance — A minimum balance in your account may be required.
- Entry fee — For paid competitions, a fee in USDT is charged when you join.
- Multi-account restriction — All competitions are limited to one account per user. Multi-accounting is prohibited on Margex.
All requirements are clearly displayed on the competition card and in the join screen before you enter.
What Happens if a Competition is Cancelled?
If a competition doesn’t reach the minimum number of participants required to activate the first prize tier, it’s automatically cancelled by the system. In this case, all entry fees are refunded in full.
FAQ
What are Margex Competitions?
Competitions are price prediction contests where traders compete by predicting the future price of a cryptocurrency. To win, your prediction needs to be the closest to the actual price when the competition ends.
Are Competitions free?
Some are free, some require an entry fee. Each competition card clearly shows whether it’s free or paid before you join.
How often are new competitions available?
Five regular competitions launch every Monday, each for a different cryptocurrency. Additional standard and private competitions may be available at any time.
Can I change my prediction after joining?
Yes. During the submission stage, you can update your prediction as many times as you want for free. Once the competition moves to the active stage, predictions are locked.
What happens if a competition is cancelled?
If a competition doesn’t reach enough participants, it’s automatically cancelled and all entry fees are refunded in full.
What is the Hall of Fame?
A global leaderboard that ranks the top 10 performers across all competitions based on the gold, silver, and bronze trophies they’ve earned.
What is an invite code?
An invite code lets you join a private competition that isn’t publicly available. Invite codes are shared by Margex partners through their channels.
How are winners determined?
Winners are ranked by how close their price prediction was to the actual final price of the asset. The smaller the difference, the higher the rank.
How do prize tiers work?
Each competition has participant tiers. As more traders join, higher tiers activate and the prize pool increases. The number of rewarded places and prize amounts depend on which tier is active when the competition ends.
Where can I see my past competitions?
Visit My Competitions to see all your active entries, past results, predictions, final prices, and any unclaimed rewards.
