You are off by a factor of 10X.It is an average Round Trip Time latency in satellite communications and not specific to Kızılelma. 100ms RTT is for landlines I believe. I am not sure if the Uluğbey satellite constellation at 510 km altitude will have a better latency, and perhaps it will if the 2 second delay is on the 36000 km geostationery orbit satellites.
I checked the Starlink latency numbers and they are at around 50 ms. If Uluğbey is at 50 ms delay then Kızılelma's prize will have to go up quite a bit. By the way you can't take state of the art latency numbers for granted as they will not sell it to anyone to use in the military.
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A +2 second latency would put the sattelite on the moon at about 1-lightsecond distance (it varies between 360-405 kkm).
For a geostationary satellite at 36,000 km, the signal delay is about 240 milliseconds round-trip. You can add a few 10's of milliseconds due to processing. Which will put it below 300ms, this is barely playable latency when you play online real-time games but not the end of the world when you engage BVR.