Elon Musk revealed on his Twitter account that SpaceX will launch a 'Doge-1' satellite to the moon and that the company will use the said cryptocurrency to fund the mission.
According to a PRNewswire article, the 40-kilogram cubesat will be launched as part of a Falcon 9 lunar payload mission in the first quarter of 2022.
SpaceX Vice President of Commercial Sales, Tom Ochinero, said, "This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. We're excited to launch DOGE-1 to the Moon," as reported by MarketWatch.
The importance of cryptocurrencies has soared in recent events. After a slew of people traded Dogecoin on the website, it caused Robinhood to crash once more. People told Tesla and SpaceX CEO Elon Musk to tweet about Dogecoin during the Reddit stock market hysteria last January. It quickly grew in popularity.
Elon Musk, SpaceX Wants To Launch Doge-1 Satellite
Elon Musk, the CEO of SpaceX, recently said on his official Twitter account that the private space agency he established had secured payment for a project using the Dogecoin cryptocurrency. This is a landmark satellite launch for the corporation, with the mission and spacecraft named after the famous meme Doge-1.
SpaceX launching satellite Doge-1 to the moon next year
— Elon Musk (@elonmusk) May 9, 2021
– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space
To the mooooonnn!!https://t.co/xXfjGZVeUW
According to the Economic Times, Musk and SpaceX's satellite project is aimed at the Moon, which is also a euphemism for Dogecoin's catchphrase, which people use if the meme cryptocurrency is stated. Musk did not reveal the organization's identity or the recipients of the launch or mission, only that it will take place under the Dogecoin moniker.
Engadget said that Dogecoin has been selected as the form of currency for all lunar business between SpaceX and Geometric Energy Corporation.
The Doge-1 satellite and project, developed by SpaceX, will be the first to be funded entirely by cryptocurrency. Furthermore, it will be the first cryptocurrency to enter the celestial heavens and the first meme to reach the stars. The fans meant the word "to the Moon" to be figurative, hence the mission.
What is Dogecoin?
CNBC said software developers Billy Markus and Jackson Palmer created the satirical cryptocurrency in 2013 to mock bitcoin and other cryptocurrencies with grand promises to take over the world.
They named it dogecoin (pronounced "doje coin" with a soft "g" sound) after the once-popular "doge" shiba inu meme. What is the point of it? To be a "fun" alternative to bitcoin that is quicker.
It's unclear when or why Elon Musk became interested in dogecoin.
Tesla and SpaceX CEO Elon Musk, a billionaire, has spent years promoting the coin.
Musk's tweets, which often include oblique references to dogecoin, sometimes take it to new highs. These articles have also piqued the attention of institutional investors.
Coindesk said Musk, the billionaire attempting to bring people to Mars and create electric vehicles for the Earth, hosted the most recent episode of NBC's Saturday Night Live. Dogecoin, the meme cryptocurrency, was mentioned, as anticipated. Musk also explained cryptocurrencies to the NBC Show's viewers during the episode.
RELATED ARTICLE : Elon Musk Said SpaceX Will Literally Put Dogecoin on Moon, Is It an April Fools' Day Prank?
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