> ## Documentation Index
> Fetch the complete documentation index at: https://docs.monochrome.exchange/llms.txt
> Use this file to discover all available pages before exploring further.

# MCR Overview

> The utility token of Monochrome Exchange.

<div class="mc-eyebrow">The Token</div>

# One token. Every capital market behind it.

MCR is the utility and value-capture token of the Monochrome Exchange ecosystem. Unlike a single-product exchange token, MCR is aligned with the growth of a unified, multi-asset venue spanning crypto, equities, bonds, and real-world assets.

<div class="stat-row">
  <div class="stat"><div class="k">Total supply</div><div class="v">210,000,000</div></div>
  <div class="stat"><div class="k">Quarterly burn</div><div class="v green">20% of net profit</div></div>
  <div class="stat"><div class="k">Digital IPO fee burn</div><div class="v green">+25%</div></div>
  <div class="stat"><div class="k">Max fee discount</div><div class="v">50%</div></div>
</div>

## Token basics

| Parameter        | Detail                                       |
| ---------------- | -------------------------------------------- |
| Token name       | Monochrome                                   |
| Ticker           | MCR                                          |
| Total supply     | 210,000,000 (fixed)                          |
| Inflation        | None. No additional MCR can ever be created. |
| Standard         | ERC-20 (EVM-compatible)                      |
| Decimals         | 18                                           |
| Contract address | Published at deployment                      |
| Audit            | Third-party audit published prior to listing |

## What holding MCR does

<CardGroup cols={2}>
  <Card title="Trade cheaper" icon="percent" href="/token/utilities">
    Tiered fee discounts up to 50%, across every spot and derivatives market.
  </Card>

  <Card title="First in line" icon="ticket" href="/platform/launchpad">
    Exclusive access and weighted allocation in every Launchpad offering and Digital IPO.
  </Card>

  <Card title="Stake" icon="lock" href="/participate/staking">
    Earn staking rewards, increase allocation weight, qualify for the node programme.
  </Card>

  <Card title="Govern" icon="scale-balanced" href="/token/governance">
    Vote on listings, Launchpad parameters, ecosystem incentives, and treasury deployment.
  </Card>
</CardGroup>

## The flywheel

Usage drives revenue. Revenue funds the burn. The burn tightens supply. Expanding utility drives further usage.

<img src="https://mintcdn.com/monochrome-9f7841fb/Y89GHdbl1MFK9U6g/images/flywheel.png?fit=max&auto=format&n=Y89GHdbl1MFK9U6g&q=85&s=611036621827de87a713b0874c5e58da" alt="The MCR flywheel: usage funds the burn, the burn tightens supply" className="rounded-xl w-full" width="2400" height="2300" data-path="images/flywheel.png" />

On the supply side, every quarter 20% of net platform profit, plus 25% of Launchpad and Digital IPO fee revenue, buys MCR on the open market and permanently burns it. On the demand side, every core use of the exchange requires holding MCR: cheaper trading, Launchpad and Digital IPO access, staking rewards, and node eligibility. Supply only falls. The reasons to hold only grow.

This is the loop that underpinned the most successful exchange tokens, applied to a unified, multi-asset global platform. Read the full mechanism in [The Burn Engine](/token/burn-engine).