Monochrome Exchange Launches IEO for Native Token MCR

Monochrome Exchange, a multi-asset trading platform, has announced an Initial Exchange Offering (IEO) of its native utility token, MCR. The platform allows users to trade crypto, equities, bonds, and real-world assets in a single venue with on-chain settlement.

The IEO will take place from September 21st to September 28th, with a maximum subscription limit of $100,000 per account. The token price is set at $0.88 per MCR, with a public sale supply of 10.5 million tokens (5% of the total supply).

Monochrome Exchange was founded by Jeff Yew, former CEO of Binance Australia and founder of Monochrome Asset Management. The platform currently supports trading across four asset classes, including crypto, equities, ETFs, and commodities.