Satellite (SATE) NFT Information
SATE is a non-fungible, transferrable digital asset representing satellites in the STARL Metaverse.
Satellite NFTs can be bought through the STARL Market and have rewards as a form of a rebate for purchasing them. The idea here is the reward is like a coupon that pays back a discount on the original purchase price over time. SATE contracts for satellites earn a percent back on the amount of the STARL spent to purchase your satellite in the auction. The rates for each satellite are different depending on which category they are in (seen below). Any address with ownership of a SATE NFT will earn based on the amount of STARL spent on the SATE at the initial auction. 30% of SATE sale and auction is used to fund this reward back.
These satellites were the initial item sold in the STARL Marketplace. They are the original collectors item in the STARL universe and are extremely limited. Only 30 SATE NFTs exist and there is no plan to continue creating and selling them.
Image capture from one of the many STARL 3D SATE NFT animations
Satellites are categorized by orbit types: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary or Geosynchronous Orbit (GEO).
- LEO satellites are positioned at an altitude between 160 km and 1,600 km (100 and 1,000 miles) above Earth.
- MEO satellites operate from 10,000 to 20,000 km (6,300 to 12,500 miles) from Earth
- GEO satellites are positioned at 36,000 km from Earth. They match the rotation of the Earth as they travel, and so remain above the same point on the ground.
% Rewards for Satellite orbit category is below:
- Gold: GEO: 20%
- Silver: MEO: 15%
- Bronze: LEO: 10%
30% of total sale of one satellite => vault Vault address => https://etherscan.io/address/0x652925f8d31cb21d3b33fec38291f496e1b156fd
Step to check how much reward is claimable => https://etherscan.io/address/0x652925f8d31cb21d3b33fec38291f496e1b156fd#readContract click claimable and input token ID of the SATE you own for example input 1 then click query button then you can get the available reward for that token id.
Step to claim rewards => https://etherscan.io/address/0x652925f8d31cb21d3b33fec38291f496e1b156fd#writeContract
- 1.Connect your wallet
- 2.Click claimRewards and input token ID of the SATE you own
- 3.Click the write button and confirm the TX then you will receive your reward in STARL
Screenshot of GIGANTE by Kevin Schow
Last modified 8mo ago