Elon Musk’s Dogecoin Space Dream Nears Liftoff

Musk previously revealed that SpaceX would be launching the Doge-1 satellite to the Moon in 2022, saying that the tab for the space mission is being paid for in Dogecoin to make it the first crypto to literally go into space. GEC and SpaceX are also spotlighting the role of decentralized finance, or DeFi, in space exploration.

SpaceX Vice President of Commercial Sales Tom Ochinero said in a statement,

“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!”

Doge-1 Mission

Unizen, a smart exchange ecosystem for digital assets, unveiled several moving parts of the operation. GEC is focused on “building and launching Doge-1,” the maiden “crypto founded space mission to the Moon.” ZenX Labs is providing support around scaling, DeFi infrastructure and compliance.

The DeFi component involves the dynamic multi-asset staking (DMAS) of Unizen ($ZCX), a smart CeDeFi ecosystem, and rewards including XI Protocol tokens ($XI), according to the announcement.

The companies are readying the launch of the CubeSat and the satellite into lunar orbit where spatial data will be gathered from sensors and cameras. The mission is not expected to launch before early 2022. NASA’s Capstone mission, which also involves a CubeSat, is planned for March 2022.


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