Cryptocurrency exchange BitMEX launches Bitcoin on the moon
Bitcoin will soon be launched on the moon.
Cryptocurrency exchange BitMEX announced on the 5th that it plans to send Bitcoin (BTC) to the surface of the moon in cooperation with Astrobotic, an American space company, and that it has completed loading 1 BTC on the rocket.
This is a mission to transport real #Bitcoins containing 1 BTC.
On January 8, 2024 we will go to the moon. This will make Bitcoin the first buyable financial asset in space!
Join the mission at https://t.co/ZvLNUBdz0V or follow us here. #MoonBTC https://t.co/lFhEJbHUKf pic.twitter.com/IrWV0jVygZ
— BitMEX (@BitMEX) December 29, 2023
This project records the address and private key of 1BTC on a physical replica of Bitcoin weighing 43kg and sends it to the moon on a ULA (United Launch Alliance) Vulcan rocket.
Bitcoin is scheduled to be loaded onto the commercial lunar module Peregrine 1, which will be transported by rocket. The rocket was launched from the Florida Spaceport on the 8th and is expected to reach the lunar surface on February 23rd.
BitMEX CEO Stephan Lutz said:
Preserved for future generations, Bitcoin on the Moon will become a time capsule recording one of humanity’s most important innovations and technological advancements.
This decisive leap forward is just the beginning of a new era.
BitMEX stated that the purpose of this mission is to demonstrate the potential of Bitcoin and blockchain in creating an era where financial systems transcend various boundaries and expand into space.
ULA, which supplies rockets, is a joint venture between Lockheed Martin, which develops the F-22, the world’s highest-performance stealth fighter, and Boeing, the largest aircraft developer, and boasts high technological prowess.
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Moon Exploration Mission Involving Dogecoin
Regarding lunar exploration and virtual currency, the lunar exploration mission ‘DOGE-1’ funded by Dogecoin (DOGE) is also underway.
The DOGE-1 mission will send 40kg cubesats (small satellites) to the moon, mounted on Elon Musk’s SpaceX Falcon 9 rocket.
The rocket is currently scheduled to launch on January 12th.
Connection: The “DOGE-1” lunar exploration project takes a step toward realization with SpaceX rocket.
Dogecoin is a virtual currency with the motif of a Shiba Inu, a meme coin that was initially created as a joke, but recently, speculative demand has increased with support from Elon Musk and others.
Connection: Elon Musk: “I don’t have much time to think about cryptocurrencies”
What is a memecoin?
A representative example of a virtual currency born from a joke on the Internet is Dogecoin (DOGE). Common cryptocurrencies tend to fluctuate in price depending on use cases and developments. On the other hand, meme coins are focused on topicality and may not have a use case or may be created later.
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