Rectangular format, deep green field with a mid-blue planet centering the symbol for the helping hands united in brown, yellow, red and white, the whole surrounded by an orbital ellipse. "Asgardia" in field above with motto "Per Ardua Ad Astra" below.

Green for the color of life on earth, mid-blue for our home planet as seen from space, the helping hands united in suitable flesh tones representing all races.
My program does not render metallic colors, but I envision both the text and all line contours in Brilliant gold.