As things are going on, Dogecoin seems to be holding on to its position under the spotlights, especially after Intuitive Machines advised within a financial report that the Doge-1 mission is scheduled for the third quarter of this year. It all started with a tweet, coincidently, on the 1st of April 2021, when Elon Musk tweeted about launching Dogecoin on the moon.
At this point, everyone is familiar with Musk’s affinity for the meme coin, but this caused some disruption in Doge’s value and price market for the last two years and even cost him a lawsuit. So, today’s article discusses everything you need to know about the Doge-1 launch date, its mission, the essential aspects, and if Doge-1 is still happening.
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About Doge-1, the First Space Mission Paid in Crypto
In the last few years, we have encountered many back-and-forth discussions on the internet regarding the launch of Dogecoin to the moon, and it all started with a tweet from Elon Musk’s saying, “SpaceX is going to put a literal Dogecoin on the literal moon.”
Well, crypto fans are still waiting on this, but up until this year, it seemed like speculation rather than a concrete, actionable plan. Once rumors spread, the Doge price skyrocketed to 10% on the Binance exchange.
However, the co-creator of Dogecoin, Jackson Palmer, is not happy about this buzz created around the meme coin, as it depicts Elon Musk’s interest in Doge as a tactic rather than a genuine interest in the coin market. Moreover, a Dogecoin lawsuit has been filed by a group of investors against the founder of SpaceX, Elon Musk, on claims of manipulating the Doge price.
What Is Doge-1 Mission?
Doge-1 is a Cube satellite developed by the Geometric Energy Corporation that will be launched alongside the SpaceX Falcon 9 rocket. The rocket will take it into orbit and release it before the missile reaches the moon.
The DOGE-1 mission wishes to demonstrate the viability of cryptocurrency for commercial space missions by broadcasting advertisements, such as brand logos and images on the satellite’s screen, and to collect and document the lunar geology. Once launched, the lightweight satellite will broadcast the advertisements on Earth and, most possibly, stream them on video platforms like Twitch and YouTube.
The CubeSat’s art display will be managed through the tokenized Xi protocol, offering five tokens for selecting coordinates: Beta for X, Rho for Y, Gamma for brightness, Kappa for color, and XI for time. Advertisers can buy pixels using Beta and Rho tokens to showcase visuals on display.
With Gamma and Kappa tokens, individuals can customize the appearance of their chosen pixel, while the XI token determines its duration. Through this ambitious project, the tech startup Geometric Energy Corporation wishes to democratize access to space by utilizing decentralization and introducing dogecoin payments.
The Latest Doge-1 launch date
When is the Doge-1 mission launched, you might ask. This buzz has started since Elon Musk’s Doge-1 announcement in 2021, and many rumors have been circulating regarding the Doge-1 launch date.
As this joint mission has been postponed numerous times, only in May this year, Intuitive Machines advised within a financial report that the Doge-1 mission is scheduled for Q3 2023.
In conclusion, the Doge-1 mission, which involves launching a satellite paid for with Dogecoin, has been a subject of speculation and excitement in the cryptocurrency community. While the initial tweet from Elon Musk sparked interest, it has taken time for concrete plans to materialize.
The mission aims to demonstrate the potential of cryptocurrency for commercial space endeavors and will include broadcasting advertisements and collecting lunar geology data. Although there have been multiple postponements, the latest update from Intuitive Machines indicates that the Doge-1 mission is scheduled for the third quarter of 2023.
While it remains to be seen whether the mission will proceed as planned, it has certainly captured the attention and curiosity of crypto enthusiasts and space enthusiasts alike.