CURRENT AFFAIRS

Detailed explanation-1: -The United Nations does not acknowledge Asgardia’s claim of statehood and experts in space law have also said it cannot be decaled a ‘space kingdom, ’ but the organization remains active online, with an election for the position of “head of nation” set to take place Friday.

Detailed explanation-2: -The Asgardian Citizenship Act establishes a standard annual Resident Fee of 100 Solars. Solar is the national digital currency of Asgardia, which is a stablecoin: 1 Solar equals 1 Euro. A one-time transfer of 100 Solars is a preferred and recommended mode of payment.

Detailed explanation-3: -The self-declared Space Kingdom of Asgardia, a nation founded by a Russian aerospace engineer and billionaire, just deployed its first satellite into orbit. Asgardia is currently a non-profit non-governmental organization based out of Vienna, Austria.

Detailed explanation-4: -Asgardia aims to ensure peaceful space exploration, protect our home planet from cosmic threats and lead the development of new Space Law to eliminate militarization of space. The cornerstone of Asgardia’s decentralized economic system is the SOLAR, the National digital currency.