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canadian space news

Canadian firm pays for lunar CubeSat mission entirely with DOGE cryptocurrency

Canadian firm pays for lunar CubeSat mission entirely with DOGE cryptocurrency

by spacebahd


Geometric Energy Corporation (GEC), a Calgary, Alberta based intellectual property firm announced that it will send its 40kg CubeSat to the Moon via SpaceX's Falcon 9 rideshare program.

As a world first, the mission will be funded entirely with a cryptocurrency, DOGE, using blockchain technology.

The Doge-1 mission to the Moon is set to launch in Q1 of 2022. The payload's mission is to obtain lunar-spatial intelligence using sensors and on-board cameras.

"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," said Geometric Energy's Chief Executive Officer Samuel Reid via Newsire

 

In a press release shared on April 01, 2021, GEC announced its inaugural mission, Geometric-1. According to the release, the mission will launch no sooner than June 2022. Compared to Doge-1 and its 40kg CubeSat, Geometric-1 will launch a 12 x 6U CubeSat adapter plate into Earth's orbit, with the goal of offering 6U CubeSat specifically for startups and projects with smaller budgets.

Coincidentally, SpaceX CEO Elon Musk alluded to SpaceX putting Dogecoin on the Moon on April 1st:

Per Michael Sheetz of CNBC, the price of dogecoin plunged during Musk's (aka the self-proclaimed "Dogefather") debut as host of Saturday Night Live.

 

Musk later confirmed the deal via Twitter