Monochrome Exchange Launches IEO for Native Token MCR

Monochrome Exchange, a multi-asset trading platform, has announced the Initial Exchange Offering (IEO) of its native utility token, MCR. The exchange 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 21 at 13:00 UTC+8 to September 28 at 13:00 UTC+8, with a public sale supply of 10,500,000 MCR (5% of the total supply) priced at $0.88 per token.

The token will serve multiple functions within the Monochrome ecosystem, including trading fee discounts, exclusive access to Launchpad offerings and Digital IPOs, staking, and governance.