SpaceX Partners with Two Blockchain Firms to Launch DOGE-1 Moon Mission in Early 2022

SpaceX Partners with Two Blockchain Firms to Launch DOGE-1 Moon Mission in Early 2022 By Hannah perez

DOGE-1’s miniature satellite will be the first to travel more than 400,000 kilometers from Earth. Could the news propel Dogecoin to new price heights?

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Dogecoin (DOGE), the most popular puppy cryptocurrency on the market, is preparing to hit the moon in 2022 … literally.

As reported Cointelegraph, the aerospace company Spacex, led by billionaire Elon Musk, has partnered with two firms Blockchain to launch DOGE-1, which claims to be the first lunar mission funded by Dogecoin, early next year.

Spacex has allied with Unizen, an ecosystem of intelligent exchange and ZenX, a decentralized financial incubator, to build the cubesat for DOGE-1. He will also participate in the mission to the company Geometric Energy Corporation (GEC), dedicated to manufacturing and logistics in areas such as renewable energy, space, software and medical industries.

It should be noted that cubesat are miniature satellites for space exploration. As such, the cubesat for the DOGE-1 mission will launch into a stable lunar orbit during the first quarter of 2022, although a specific date was not set. It will be 40 kilograms and will obtain information from the space through cameras, sensors and mirrors.

DOGE-1 will be the first to travel this far from Earth

According to the report, the cubesat will be implemented thanks to a launch agreement with SpaceX FalconX from Musk and, thanks to the support of blockchain technology, will provide a new use case for cryptocurrencies. It will be the first time that the doggy meme coin has financed a space mission.

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In addition, it will be a unique mission of its kind, since the satellite will be the first to travel to a lunar orbit so distant from our planet earth, compared to others of its kind. According CointelegraphMore than 1,600 cubesats have been launched to date, but unlike DOGE-1, they have traveled to low Earth orbit, which lies between 160 and 1,930 kilometers above the Earth’s surface.

DOGE-1 will be the first to travel more than 400,000 kilometers from our globe.

NASA’s CAPSTONE was intended to be the first cubesats to reach the moon, but it has been delayed several times and has a current launch date of late March 2022.“, Said the companies to the aforementioned media, and added about it.

This means that DOGE-1 could be the first cubed satellite in history to reach the moon, marking a significant achievement for global spaceflight.

After collecting lunar spatial data, the DOGE-1 cubesat will transmit the knowledge to GEC using its integrated communications module. While the companies did not provide a launch schedule, they said the mission is on the right track.

Despite the announcement, the price of Dogecoin It has dropped almost 3% in the last 24 hours and is trading at $ 0.26 at press time.

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Sending cryptocurrencies into space

The CEO of Spacex and fan of Dogecoin, Elon Musk, had joked about sending the doggy cryptocurrency “literally”To the moon in April, prompting a price rally in the market. Then, a month later, the businessman said that this was not a joke, as he was working to send the first space cargo financed by funds in DOGE.

“SpaceX will launch the Doge-1 satellite to the moon next year. Mission paid in Doge. 1st crypto in space. 1st meme in space ”, Musk wrote on Twitter at the time. The publication was accompanied by the song “To the Moon” with the image of the famous Shiba Inu canine on a rocket.

Also at that time, the GEC company issued a statement informing about the project in alliance with Spacex. The note cataloged the mission as “the first commercial lunar payload in history paid in full with DOGE”And was already announcing its launch in early 2022. For his part, the vice president of commercial sales of Spacex, Tom Ochinero, had commented:

This mission will demonstrate the application of cryptocurrency beyond Earth orbit and lay the foundation for interplanetary trade.

The DOGE doggy coin has captivated market investors this year after registering a successful price increase. The meteoric growth has placed the token among the top ten cryptocurrencies with the highest market capitalization. In addition, companies such as the AMC cinema chain, the team of Dallas mavericks And till Burger King They have adapted it for payments and rewards.

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In the meantime, Spacex and GEC are not the only ones with plans to send a cryptocurrency to the moon. The lunar exploration startup Astrobotic said in June that he had plans to send a Bitcoin physical to space by the end of this year.


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Sources: Cointelegraph, file

Hannah Estefanía Pérez’s version / DailyBitcoin

Unsplash image edited in Canva

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