Monochrome Exchange said it has listed its platform token, MCR, and opened spot trading for the MCR/USDT pair, according to a post from the multi-asset trading platform on X. The exchange said MCR can be used to reduce trading fees, take part in Launchpad offerings, and join its upcoming digital IPO product.
The platform also said the token is backed by a quarterly buyback and burn program funded by platform profits. For now, MCR is only available for trading on Monochrome Exchange itself during the initial listing period.
The exchange added that on-chain withdrawals for all MCR holdings will open on Nov. 6. It said that date is the same day the IEO lock-up period ends. No other trading venues or withdrawal details were disclosed in the announcement.
Monochrome Exchange, a multi-asset trading platform, said in a post on X that it has listed its platform token MCR and opened spot trading for the MCR/USDT pair.
According to the exchange, MCR can be used to reduce trading fees, participate in Launchpad offerings, and join an upcoming digital IPO. The platform also said MCR is supported by a quarterly buyback and burn program funded by platform profits.
During the initial listing period, MCR is only available for trading on Monochrome Exchange. The company added that on-chain withdrawals for all MCR holdings will open on Nov. 6, the same day the IEO lock-up period ends.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
