SatelStar (STSR) is now available for trading on LBank Exchange – NewsBTC | Jewelry Dukan

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 trading.

Harnessing the power of blockchain technology, SatelStar (STSR) is here to gain market dominance in the commercial satellite market by improving communication security, data exchange transparency, irreversible information security and cost efficiency. Its native token, STSR, was listed on the LBank Exchange on September 13, 2022 at 16:00 (UTC+8) to further expand its global reach and help it realize its vision.

Introduction of SatelStar

A compound word of satellite and star, SatelStar is the name of a project that will improve communication security, data exchange transparency, irreversible information security and cost efficiency by combining high quality technology, business model and blockchain in the commercial satellite market. In doing so, it seeks a competitive advantage over existing market participants and a dominant position in the commercial satellite market.

To achieve this, SatelStar plans to develop satellites by establishing an effective cost system in cooperation with an aerospace research institute using open-source open technology and high technology. In addition, by maximizing the security of information and data management through blockchain, the attractiveness of the product itself is increased. Due to the high marketability and security, it is possible to secure a long-term profit model through contracts with global sports leagues and broadcasters. By listing coins on global exchanges, it is also possible to contract rocket launchers and launch and operate satellites.

During the satellite’s primary estimated lifetime, a new revenue stream may be developed through the purchase of sports broadcasting rights, the provision of satellite imagery broadcasting services, the provision of enterprise data services, and the provision of meteorological data via commercial satellites capable of small-scale low-orbit operations. In addition, with accumulated capital, it is possible to develop secondary, tertiary and quaternary satellites, and finally SatelStar plans to operate satellites up to medium orbits in order to establish itself as a leader in the private satellite business.

In addition, there is also SatelStar Wallet with functions such as secure management, storage, transfer and transaction of coins. It is planned to release an app-style wallet that will allow users to check the work process and production phase of the satellite in production, the current orbit and status of the satellite after the rocket launch, the status of the companies participating in the satellite business and the status of requests for forwarding rights in real time.

About STSR tokens

STSR is the native token of the SatelStar ecosystem. Based on ERC-20, STSR has a total supply of 100 million (i.e. 100,000,000) tokens, of which 15% will be allocated for coin sales, another 15% will be used for satellite development, another 15% will be used for blockchain development . 20% is used for rocket development, 25% is allocated for satellite launch and maintenance, and the remaining 10% is allocated to the team.

The STSR token was listed on the LBank Exchange on September 13, 2022 at 16:00 (UTC+8). Investors interested in SatelStar investment can now easily buy and sell STSR tokens on the LBank Exchange. Listing the STSR token on the LBank Exchange will no doubt help it further grow its business and attract more attention in the market.

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About LBank

LBank is one of the leading crypto exchanges founded in 2015. It offers its users specialized financial derivatives, expert wealth management services and secure crypto trading. The platform has over 7 million users from more than 210 regions around the world. LBank is a state-of-the-art, growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

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