Nightshade Don Launch Order Book Trading for Midnight Mainnet

Nightshade confirm di launch for Midnight’s official forum on November 11. Users fit trade tokens and provide liquidity direct from browser. Di launch align with sale of di exchange’s SHADE token, wey dey accept NIGHT on Cardano and dey deliver SHADE on Midnight.

Wetyn traders fit use for mainnet

Nightshade’s public order book support token swaps, limit orders, stop orders, and automated liquidity provision. Limit order allow traders set di price wey dem wan accept, and execution go depend on available orders. Nightshade list Lace, 1AM, and im own passkey wallet as connection options.

According to Nightshade’s documentation, di user device dey generate cryptographic proof wey Midnight go verify before settlement. To generate di proof for browser fit take between one to four minutes. Nightshade dey charge 0.2% fee when order take liquidity from di book, and Midnight network fees dey paid in DUST.

Private trading dey wait security audit

Nightshade still hold maintenance key wey fit replace di logic of im mainnet contracts. Di project documentation talk say upgrade fit change how di contracts take handle tokens. Di contract source code never still public.

Di planned private order book go hide who dey trade. Di dark pool go also keep order amounts and participants comot from public view onchain, while Nightshade operator go still get visibility into di terms of individual orders. Dem plan release both features after security audit.

[NEWSBREAK]

Cardano dey handle payments for di SHADE sale

Nightshade don allocate 42 million SHADE, or 42% of di token supply, to di sale. Buyers go deposit NIGHT into Cardano escrow contract at di stated price of 0.285714 NIGHT per SHADE. Di sale go close on November 16 at 20:00 UTC, and SHADE go distribute to buyers’ Midnight addresses after settlement.

Di sale cap total proceeds at 12 million NIGHT. If deposits pass dat cap, allocations go scale proportionally and excess NIGHT go return. If deposits fall below 1,190,476 NIGHT, di sale go cancel and payments go refund under di published terms. Nightshade’s documentation talk say di Cardano escrow dey enforce di cap, minimum individual payment, and sale window. Di project settlement software dey apply di price and minimum fundraising threshold.