SpaceX, owned by Elon Musk, will launch a SpaceX Doge 1 Mission to the Moon. This is the payload of the first commercial month to be fully paid in the cryptocurrency Dogecoin. The satellite was announced in 2021 and is expected to launch in the first quarter of 2022 on a Falcon 9 rocket. The Dogecoin-funded mission is led by the Canadian company Geometric Energy Corporation (GEC).
SpaceX Doge 1 Mission Goals
SpaceX will carry a 40-kilogram cubic satellite called DOGE1 on board a Falcon 9 rocket. The payload receives lunar spatial information from onboard sensors and cameras with integrated communication and computing systems.
This cube satellite aims to obtain spatial information about the Moon from the onboard sensors and cameras. With this launch, DOGE will be the first cryptocurrency in the universe and the first meme in the universe.
Significance of SpaceX Doge 1 Mission
The key objective of the SpaceX Doge 1 Mission, is that SpaceX will be able to enhance the use, reach and valuation of cryptocurrencies beyond Earth orbit and lay the foundation for interplanetary trading.
Important facts about the SpaceX Doge 1 Mission
- The launch of the SpaceX Doge 1 Mission is tentatively planned for the first quarter of 2022.
- This is the first time a commercial payload has been funded by a cryptocurrency
- The approximate and calculated weight of the satellite will be 40 kilograms and will be launched on Falcon 9.
- Canadian company Geometric Energy Corporation (GEC) will lead and announce the SpaceX Doge 1 Mission funded by Dogecoin on May 9, 2021.
- SpaceX plans to launch the DOGE1 satellite mission in 2022, fully funded by the cryptocurrency Dogecoin.
- SpaceX Doge 1 Mission to the Moon will be the first commercial payload paid with Dogecoin.
Software engineers Billy Marcus and Jackson Palmer created the cryptocurrency Dogecoin in 2013. It was initially created as a joke, taking into account the ambiguity of cryptocurrencies at the time. Dogecoin features the characteristics of the Japanese dog breed Shiba Inu and is stated as an open-source peer-to-peer digital currency.
Dogecoin is one of the largest and most dynamic communities of cryptocurrencies in the world. They are also into a variety of philanthropic and other businesses. One of the funding they provided includes NASCAR racing. In April 2021, Dogecoin is now the fourth-largest digital currency with a crypto data tracker CoinGecko. com that has grown by over 800%.
FAQs on SpaceX Doge 1 Mission
Q.1. When was the SpaceX Doge 1 Mission announced?
The SpaceX Doge 1 Mission, scheduled to begin in the first quarter of 2022, has vowed to bring Dogecoin "literally to the moon," following the announcement by Elon Musk on April 1, 2021. Well, not everyone took it seriously at first since they tweeted on April 1st.
Q.2. What is the current status of the SpaceX Doge 1 Mission?
The SpaceX Doge 1 Mission continues to solidify and is now designed for one orbit. According to a Geometry press release, SpaceX sent an 88-pound (40-kilogram) CubeSat (the appropriate name is Doge1) to the mission, with Moon Space Intelligence and an integrated communications and computing system. The payload also includes sensors and cameras, but details have not yet been released.
The company also promised to carry out all future missions with Dogecoin, promoting its security and benefits such as the fact that transactions may take place outside business hours.
Q.3. How did the announcement of the SpaceX Doge 1 Mission affect Dogecoin's reputation?
In 2021 after the announcement of the SpaceX Doge 1 Mission, the price of Dogecoin soared by about 26,000%, rising from a January valuation of $ 0.005 to $ 0.7 per Dogecoin today. Much of this surge is due to Musk himself, who frequently tweeted about Dogecoin and greatly boosted its reputation.
Q.4. What is the main purpose of the SpaceX Doge 1 Mission?
The SpaceX Doge 1 Mission demonstrates the application of cryptocurrencies beyond Earth orbit and lays the foundation for interplanetary trade.
Q.5. What is the expected cost of the SpaceX Doge 1 Mission?
The announcement SpaceX Doge 1 Mission can reduce space access costs with the Falcon series of reusable rockets. The cost of the mission itself is not disclosed, but it can be well below the hundreds of millions or billions of dollars.