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Satellites

What is Satellites?

Satellites are the unique token offering system for our users. It is similar with Call/Put options trading. Users can call BUZZ tokens with discounted price & vesting period. Also they can put BUZZ tokens for higher price with vesting period.

How these discounts calculated?

Discount percentages calculated and set by manually from Cosmosium Finance Astronauts. The amount of tokens collected from call/put options has charges a little amount of fee which is dynamic and also can be checked from Options tab. These fees will be used for buy-back BUZZ and also support the team for development purposes. The other amount will send to the agains Satellites. For example, if user bought a 100 BUSD worth of BUZZ from Call Option, this BUSD amount will be transferred to the Put Option. Whenever a transaction occurs the discount percentages will be changed by the amount of demand for the satellite.

When Satellites will be available?

We already developed the backend infrastructure for satellite system. But as a young DeFi it can be difficult to handle inflation that comes from options trading. With this reason we will publish satellites system after a month of our launch which we aim to stabilize $BUZZ token price.