There have been many instances in the past where I’ve missed out on making ideal ERC-20 trades. Some usual reasons, to name a few, include sleeping, being occupied by work or some other responsibility, and simply being lazy. Services exist that help solve this common problem; however, I’ve set out to create a solution that not only solves the problem in an on-chain and decentralized fashion, but also has the potential to provide a modest source of passive income for those who participate in the protocol.
I introduce to you, Nocturnal.
Nocturnal is a decentralized application built on Ethereum. It allows users to create on-chain limit orders utilizing the ERC-721 standard, and it possesses an incentivization system that rewards Nocturnal participants with an ERC-20 NOCT token. The limit orders themselves are non-fungible tokens, so they are transferable like any other ERC-721 token. The ERC-20 NOCT tokens can be staked to earn a percentage of the generated platform fees.
Additional articles are to come, describing in detail the NOCT token distribution schema and its tokenomics, Nocturnal’s contracts’ architecture, a project timeline, and more.
Private testing of the platform’s contracts is currently underway, and a public testnet trial will be launched in the coming weeks.