$MCR: Initial Exchange Offering

Alibaba and Amazon did not invent new goods. They removed the border between a buyer and a seller, and global commerce rebuilt itself around them.

Capital markets never had that moment. A company listing in Sydney reaches Sydney. An investor in Jakarta can buy what Jakarta permits. Settlement still takes days because it always has. Crypto, equities, bonds and real world assets sit in separate systems that were never designed to speak to each other, and the people who lose most from that arrangement are always the ones furthest from the exchange.

Monochrome is being built to be the venue where that stops being true. One place where every asset class trades side by side, every trade settles on-chain, and access is decided by what the rules allow rather than by where somebody happened to be born.

We are not describing a roadmap. The exchange is live, the markets are trading, and what follows is the only public offering of the token at the centre of all of it.

TL;DR (Key Details)

• When: Monday, September 21 @ 13:00 UTC+8 through Monday, September 28 @ 13:00 UTC+8 (7 days)
• Where: monochrome.exchange/launchpad
• Price: 1 MCR = $0.88
• Public sale supply: 10,500,000 MCR, 5% of total supply
• Vesting: 1-month cliff from TGE, then linearly vested over 3 months
• Commit asset: USDT
• Minimum subscription per account: None
• Maximum subscription per account: $100,000

The exchange is already running

More than 260 live markets, four asset classes, one venue.

• Crypto. Spot and perpetual markets across the majors and the long tail.
• Equities. Nearly 150 markets. AAPL, NVDA, TSLA, GOOGL, AMZN, MSFT, META, ASML, TSM, and Hong Kong names including Meituan and BYD.
• ETFs and indices. SPY, QQQ, SMH, IWM, XLE, and thirty more.
• Commodities. Gold, silver, platinum, crude, Brent, natural gas, copper.
• Pre-IPO. Exposure to OpenAI and Anthropic. We are not aware of another venue offering both alongside spot crypto and tokenised equities in a single account.

Every ticker above is live. Not planned, not in testing, not gated behind a waitlist. A trader on Monochrome can be long Nvidia, short crude and holding BTC from a single balance, settle all three in one venue, and never open a second app. That is the whole idea, working today.

Who Is Behind This

Exchanges are not built by people learning on the job.

Jeff Yew, co-founder and ex-CEO of Binance Australia, led the local operations of the largest cryptocurrency exchange in the world. He then founded Monochrome Asset Management, the investment manager behind the first direct-holdings spot Bitcoin ETF of its kind, admitted to trading on Cboe under an ASIC-issued financial services licence.

Ten years across exchange operations, digital asset licensing and the design of regulated products. The reason this platform works the way it does is that the people who built it have done it before, inside a regulator's rulebook rather than around one.

Monochrome Exchange is a separate entity from Monochrome Asset Management. The record above is Jeff Yew's personal professional history and does not extend any licence, authorisation or regulatory status of any Monochrome affiliate to Monochrome Exchange or to MCR.

How to Take Part

1. Open a Monochrome account at monochrome.exchange and turn on two-factor authentication.
2. Deposit USDT before Monday. Deposits credit once confirmed on-chain, so do not leave it to the last hour.
3. Commit any amount up to $100,000 on the offering page during the seven day window. There is no minimum.
4. Receive your MCR. Nothing unlocks for the first month after TGE. After the cliff it vests linearly over three months and lands in your account automatically.

No wallet to connect. No bridge. No gas. Nothing to claim. The offering runs inside the same account you would trade from.

Tokenomics

$MCR Tokenomics

Vesting

Vesting Schedule

Team and Advisors are fully locked for a year, then linearly vested over thirty-six months.

The Flywheel

Two hundred and ten million MCR exist. That number will never go up. It is designed to go down every quarter for as long as the exchange is profitable.

1. Usage: Trading across 260 markets, plus every Launchpad offering and every Digital IPO, generates platform fees.
2. Profit: Fees become platform revenue. What remains after costs is net platform profit, reported in reviewed quarterly statements.
3. Buy-back: Every quarter, 20% of net platform profit buys MCR on the open market. 25% of all Launchpad and Digital IPO fee revenue is added to the same round.
4. Burn: Everything bought is sent to a burn address whose private key was never generated. Each transaction is publicly verifiable.
5. Scarcity: Supply was fixed at issuance and can only fall. Every round leaves fewer MCR outstanding.
6. Return to step 1. Holding MCR is required for fee discounts, Launchpad and Digital IPO allocation, staking rewards and node eligibility. Growth in the exchange increases the number of holders, which increases usage.

Because the buy-back is a share of profit rather than a fixed token count, the amount burned scales with platform revenue.

What Holding MCR Does

• Trade cheaper. Fee discounts from 10% up to 50%, tiered by holdings, across every spot and derivatives market.
• Get in first. MCR is the exclusive access token for every Launchpad offering and every Digital IPO, with allocation weighted by balance at snapshot.
• Stake. Earn rewards, increase allocation weight, qualify for the node programme.
• Govern. Vote on listings, Launchpad parameters, ecosystem incentives and treasury deployment.

Digital IPOs

Taking a company public takes 12 to 24 months, costs millions in underwriting and compliance, and when it finishes you have reached one exchange in one country.

Monochrome is building the alternative. A Digital IPO takes weeks: issuance, subscription, allocation and settlement all happen on-chain, under a compliance wrapper built for the issuer's jurisdiction and the investors it is offered to. The cost base is a fraction of the traditional route and the investor pool is global.

This is the product the rest of the platform exists to support, and MCR is the only way into it. Every issuance also routes a quarter of its fee revenue into the burn, so each company that lists creates demand for MCR twice over: once from investors acquiring it to secure allocation, and once from us buying it back to destroy. The first Digital IPO is scheduled for Q1 2027.

FAQ

• Do I need a wallet? No. The offering runs inside your Monochrome account.
• What do I pay with? USDT.
• Do I have to claim my tokens? No. MCR is credited automatically as it unlocks.
• When can I trade what I bought? MCR lists on Monochrome following TGE. Your own allocation becomes tradeable as it unlocks, beginning one month after TGE.
• Can supply ever increase? No. 210,000,000 is fixed permanently and verifiable on-chain.

Before you participate, MCR is a utility token. It confers no ownership, dividend, profit-share or redemption right. Digital assets carry significant risk, including total loss. Read the risk factors in full before deciding anything.

Full documentation, tokenomics and vesting: docs.monochrome.exchange

Every market. One venue. One token.

Monochrome