Monochrome Exchange Launches IEO of 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's goal is to consolidate various asset classes, including crypto, equities, bonds, and real-world assets, into one venue where trades settle on-chain.

The IEO will take place directly on the Monochrome Exchange platform from September 21st at 13:00 UTC+8 to September 28th at 13:00 UTC+8. The token price is set at $0.88 per MCR, with a public sale supply of 10,500,000 MCR (5% of the total supply).

According to Jeff Yew, founder and former CEO of Binance Australia, 'Tokenisation has produced a large number of assets that barely trade... The harder problem has always been the market underneath them: liquidity, settlement, and compliance that holds up. We listed the markets first and are offering the token second.'