The launch is the product ‘DOGE-1‘, by the Dogecoin team is a result of a partnership between two blockchain businesses and a company known as GEC (Geometric Energy Corporation).
Unizen and ZenX, two more blockchain startups, have stated that they are developing and deploying DOGE-1. This is expected to be a 40-kilogram CubeSat, which will serve as a new use case for cryptocurrency. The CubeSat will fly to a stable lunar orbit in order to collect “lunar spatial intelligence” through sensors and cameras, which will then be relayed to GEC for study. Cubesats are nanosatellites with defined dimensions that may be used for a variety of purposes.
DOGE/USD 1 YEAR PRICE CHART: SOURCE- Coinmarketcap.com
The CubeSat will be sent into orbit as part of a cooperation with SpaceX FalconX in the first quarter of 2022. More than 1,600 CubeSats have been launched into space thus far. DOGE-1, on the other hand, will journey farther from Earth than this. DOGE-1 is around 250,000 miles away from Earth, whereas regular CubeSats are between 100 and 1,200 miles away.
NASA was supposed to be the first firm to send a CubeSat to the moon. This, however, has already been postponed multiple times. As a result, NASA’s CAPSTONE mission will launch in late March 2022. It’s possible that DOGE-1 will launch before NASA’s CAPSTONE.
Dogecoin said in May that it will fund the project, with a launch date set for the first quarter of 2022. As a consequence, the project made significant progress. “The mission will demonstrate the application of cryptocurrency beyond Earth’s orbit and lay the groundwork for interplanetary commerce,” SpaceX’s vice president said at the time. Elon Musk has also verified the debut of DOGE-1 through a tweet.