Monochrome Exchange Announces IEO of Native Token MCR

Monochrome Exchange, a multi-asset trading platform, has announced the Initial Exchange Offering (IEO) of its native utility token, MCR. The platform aims to consolidate crypto, equities, bonds, and real-world assets into a single venue where trades settle on-chain.

The IEO will take place from September 21st to September 28th, with a token price of $0.88 per MCR. The public sale supply is capped at 10,500,000 tokens, which represents 5% of the total supply.

Monochrome Exchange currently supports trading across four asset classes from a single account balance: crypto, equities, ETFs and indices, and commodities. The platform lists over 260 markets, including tokenized exposure to US and Hong Kong equities, index and sector ETFs, precious metals, and energy.

The MCR token will be used for trading fee discounts, allocation in Launchpad offerings and Digital IPOs, staking, and governance.