$MCR Token Launches on Monochrome Exchange Amid Consolidation Push
Monochrome Exchange, a multi-asset trading platform, has announced its Initial Exchange Offering (IEO) for its native utility token, $MCR. The exchange aims to consolidate crypto, equities, bonds, and real-world assets into one venue where trades settle on-chain.
The IEO will take place from September 21st at 13:00 UTC+8 to September 28th at 13:00 UTC+8 on the Monochrome Launchpad. The token price is set at $0.88 per MCR, with a public sale supply of 10,500,000 tokens (5% of total supply).
Monochrome Exchange currently supports trading across four asset classes from a single account balance: crypto, equities, ETFs and indices, and commodities. The exchange was founded by Jeff Yew, former CEO of Binance Australia, who brings over a decade of experience in exchange operations and digital asset licensing.