The term is derived from the Terra-centric geostationary; ('geo-', earth), and means an orbit which permits a satellite to maintain an apparent constant position over one point on Chakona's surface. So far as is known from available unclassified sources, the only object deliberately in chakonastationary orbit is Chakona Gateway Station.
Note that the term 'chakonasynchronous', an analogue of geosynchronous, is sometimes incorrectly used. A synchronous orbit merely implies that the orbital period is the same as the planet's sidereal day; however, other characteristics of the orbit such as orbital plane, shape, etc. may result in libration.