Monochrome Exchange Announces IEO for Native Token MCR

Monochrome Exchange, a multi-asset trading platform founded by former Binance Australia CEO Jeff Yew, has announced the Initial Exchange Offering (IEO) of its native utility token, MCR. The offering will run from September 21, 13:00 UTC+8 to September 28, 13:00 UTC+8 on the Monochrome Launchpad. The token is priced at $0.88, with a total public sale supply of 10.5 million MCR. Participants can commit USDT, with a maximum limit of $100,000 per account. Tokens will follow a one-month cliff after the Token Generation Event, followed by three-month linear vesting. The platform currently supports over 260 markets, including crypto, tokenized equities, ETFs, and commodities.