DOGE-1, the first-ever crypto-funded mission to the moon, is slated to launch early next year. The mission comes after Geometric Energy Corporation (GEC) teamed up with Unizen, and ZenX in May. It involves sending a 40-kilogram CubeSat to the moon. In so doing, the firms seek to provide a use case for digital assets.
ZenX, a decentralized finance incubator, disclosed this news earlier today, noting that the involved parties are in the process of building and launching DOGE-1. Reportedly, the CubeSat will travel to a stable lunar orbit to obtain lunar-spatial intelligence through cameras and sensors. The CubeSat will then send back the data GEC for analysis.
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This mission saw GEC pay SpaceX an undisclosed amount of Dogecoin (DOGE/USD) to launch the CubeSat into space through its Falcon 9 rocket. DOGE-1 will join thousands of other CubeSats in space. However, unlike DOGE-1, these CubeSats traveled into Low Earth Orbit, between 100 and 1,200 miles above the Earth’s surface.
In comparison, traveling to the moon’s orbit would position DOGE-1 approximately 250,000 miles from Earth’s surface.
Setting new milestones for the crypto and the global spaceflight sectors
Hoping to set achieve a new with DOGE-1, the involved companies said,
NASA’s CAPSTONE was set to be the first CubeSat to reach the moon, but it has been delayed a number of times and has a current launch date of late March 2022. This means that DOGE-1 could be the first CubeSat in history to reach the moon, marking a significant achievement for global spaceflight.
By launching DOGE-1, the crypto space will also achieve a new milestone, seeing as it will have obtained utility beyond earth.
Commenting on this mission, Geometric Energy’s CEO, Samuel Reid, said,
Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector.
According to Tom Ochinero, the vice president of commercial sales at SpaceX, this mission is set to build the foundation for interplanetary commerce.
This news comes as DOGE continues trading sideways, with little or no movement after crashing from its ATH. At the time of writing, the meme coin is changing hands at $0.2701 after losing 2.41% over the past 24 hours.
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