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Monochrome Exchange Launches Native Token IEO with MCR

Guavy AI Editorial Team
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Monochrome Exchange, a multi-asset trading platform, announced an Initial Exchange Offering (IEO) for its native utility token, MCR. The IEO is set to take place from September 21st at 13:00 UTC+8 to September 28th at 13:00 UTC+8 on the Monochrome Launchpad.

The maximum supply of MCR tokens is capped at 210,000,000. The token will be used for trading fee discounts, allocation in Launchpad offerings and Digital IPOs, staking, and governance within the Monochrome ecosystem.

Monochrome Exchange currently lists over 260 active markets across four asset classes: crypto, equities, ETFs and indices, and commodities. The platform aims to consolidate these assets into a single venue where trades settle on-chain.

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