INTERNET CITY, DUBAI, September 13, 2022 – LBank Exchange, a global digital asset trading platform, listed SatelStar (STSR) on September 13, 2022. For all LBank Exchange users, the STSR/USDT trading pair is now officially available for trade.
Using the power of blockchain technology, SatelStar (STSR) is here to dominate the commercial satellite market by improving communications security, data exchange transparency, irreversible information security and cost efficiency. Its native STSR token was listed on LBank Exchange at 4:00 p.m. (UTC+8) on September 13, 2022, to further expand its global reach and help realize its vision.
As a word made up of satellite and star, SatelStar is the name of a project that will improve communication security, data exchange transparency, irreversible information security and cost-effectiveness by combining high-quality technology, a business model and blockchain in the commercial satellite market. Accordingly, it aims to gain a competitive advantage over the existing market players and gain a dominant position in the commercial satellite market.
To achieve this, SatelStar plans to develop satellites by establishing a cost-effective system in cooperation with an aerospace research institute with open technology based on open and high-tech sources. Moreover, by maximizing the security of information and data management through blockchain, it will increase the attractiveness of the product itself. By having such high marketability and security, it is possible to secure a long-term profit model through contracts with sports leagues and global broadcasters. In addition, by listing coins on world exchanges, it is possible to sign contracts with rocket launchers and launch and operate satellites.
Over the estimated lifetime of the satellite, a new source of revenue can be obtained by purchasing sports broadcasting rights, providing satellite image transmission services, providing corporate data services and providing meteorological data via commercial satellites capable of operating in low-earth orbit on a small scale. . In addition, using the accumulated capital, it is possible to develop secondary, tertiary and quaternary satellites, and finally, SatelStar plans to operate satellites up to mid-orbit to establish itself as a leader in the revenue sector. private satellites.
In addition, there is also SatelStar Wallet with functions such as secure management, holding, transmission and coin transaction. It is planned to release an application-like wallet that will allow users to check the working process and production stage of the satellite in production, the current status of the orbit and the satellite after the launch of the rocket, the status of the companies participating in the satellite activity and the status of the relay rights orders in real time.
About the STSR token
STSR is the native token of the SatelStar ecosystem. Based on the ERC-20, STSR has a total supply of 100 million (i.e. 100,000,000) tokens, of which 15% is for coin sales, another 15% will be used for satellite development, another 15% will be used for blockchain development, 20% will be used for rocket development, 25% is planned for satellite launch and maintenance, and the remaining 10% is allocated to the team.
STSR token was listed on LBank Exchange at 4:00 PM (UTC+8) on September 13, 2022, investors interested in SatelStar investment can easily buy and sell STSR token on LBank Exchange right now. The listing of the STSR token on LBank Exchange will undoubtedly help it further expand its business and attract more attention in the market.
LBank is one of the leading crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and secure crypto trading to its users. The platform has more than 7 million users from over 210 regions around the world. LBank is a growing, cutting-edge platform that ensures the integrity of user funds and aims to contribute to the global adoption of cryptocurrencies.
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