The first auction of Starlink keywords (NFT) will start at 16:00 on February 22. After community voting, the first batch of keywords selected are: Fire coin ecological chain, fire coin, bitcoin, blockchain and toukuang. The key word auction method is mortgage LP auction. Users need to use slnv2-usdt's LP token for mortgage auction, and 10lp service charge will be deducted for each bid. The service fee address will be made public and will be used for repurchase, destruction and community activities in the future.

The details are as follows:

Users can use LP token to bid. If the user's bid is the current highest bid, they can enjoy

If there is no new bid after one hour, the highest bidder will get the keyword permanently, and the winner of keyword auction will get 100 times of LP token mining right, key word page management right, page advertising right, NFT ownership and other rights.

100 times mining revenue right: that is, according to the value of LP token multiplied by 100 times coefficient to win Starlink mining pool share;

Keyword page management right: users can upload pictures and words on the keyword management page, and they will be displayed in the search engine;

Page advertising revenue: Starlink search engine has the economic model of search mining, and will realize search mining in the future;

Goog-nft: NFT will be the only certificate for all the above privileges and the principal of LP token, that is, when NFT conducts secondary transaction, all the above privileges and the principal of LP token will be transferred to the new owner.

After the keyword auction is successful, the LP token will be locked for 15 days. After the lock period, the user can release the keyword to get back the mortgaged LP token, and the keyword will return to the auction pool for the user to auction again (the initial auction price is the reserve price auction)

When NFT conducts secondary trading, if LP token is locked for less than 15 days, it will continue to lock. If it has completed 15 days, it will not add new lock.

NFT is the core financial derivative of Starlink, which will bring new experience to users. As the keywords have their own brand premium, they can be auctioned on the third-party auction platform.

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