Monochrome Exchange Opens MCR Spot Trading, Sets Nov. 6 for Withdrawals
MCR offers trading fee discounts and access to Launchpad and a planned digital IPO program. Quarterly buybacks and burns are planned using platform profits.
Monochrome Exchange has opened spot trading for its MCR token against USDT, with on-chain withdrawals scheduled for Nov. 6, the date the token’s initial exchange offering lockup ends.
During the launch period, MCR was available only on Monochrome Exchange. The token is intended to provide lower trading fees and access to the exchange’s Launchpad and a planned digital IPO program.
The platform also plans quarterly MCR buybacks and burns funded by its profits. On-chain withdrawals are scheduled to open Nov. 6.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.