Geometric Energy Corporation has announced that it will be launching the DOGE-1 to the moon in 2022 using a SpaceX Falcon 9 Rocket in what would be the first-ever commercial lunar payload funded entirely with the DOGE cryptocurrency.
The mission will see Geometric Energy Corporation’s mission management collaborating with SpaceX, the company founded and directed by Elon Musk, to launch a CubeSat that will obtain lunar-spatial intelligence.
The CubeSat, a type of miniaturized satellite that uses multiple modules, is expected to use multiple sensors and cameras that have been integrated with communication and computational systems to recollect data that has yet to be specified by the companies.
The entirety of the project will be funded using DOGE at a time when the cryptocurrency has surpassed its “meme” status to become one of the dominant projects in the crypto market. This means that DOGE will be used as the unit of account for all lunar business between the two companies involved in the mission.
Geometric Energy’s Chief Executive Officer, Samuel Reid, referred to the mission’s use of the cryptocurrency by stating:
“Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector.”
Elon Musk has been a long-time supporter of DogeCoin, which he has helped to get notoriety by referring to several times via Twitter and live interviews. Now, Musk’s company will be involved in one of the major milestones for the use of cryptocurrency in what could be the “foundation for interplanetary commerce.
DOGE Drops Over The Weekend After Elon Musk Interview
While Elon Musk’s support for DOGE has been essential for the success of the “meme coin” over the past year, his latest interview on Saturday Night Live is considered to have caused a drop in value of more than 30% over the weekend.
DOGE, which had reached its all-time high of $0.73…