Both Dogecoin enthusiasts and the broader crypto community are closely monitoring the development of the DOGE-1 Satellite. Geometric Energy Corporation’s CEO, Samuel Reid, confirmed the NTIA approval for the project on his X platform, formerly known as Twitter. However, the company is still waiting for the FCC’s green light, which will address the X-band and S-band.
The DOGE-1 project traces its origin back to 2021 when Geometric Energy first announced the ambitious plan to launch a satellite funded entirely by Dogecoin. The crypto community immediately rallied behind the idea, particularly because it showcased the real-world application of the meme coin.
SpaceX, the world-renowned aerospace manufacturer and space transportation company owned by Elon Musk, will be responsible for launching the Dogecoin-funded satellite into the lunar orbit. Elon Musk, who is known for his support of Dogecoin, agreed to have the launch fee paid in DOGE.
The exact timeline for the DOGE-1 launch remains somewhat uncertain. SpaceX had previously informed Geometric Energy that the launch was tentatively scheduled for no earlier than the third quarter of 2023. With the recent NTIA approval, it’s possible that the launch process could accelerate, potentially leading to a launch before the end of this year.
Interestingly, the DOGE-1 project isn’t the only Dogecoin-related mission set to head towards the moon. In October, Astrobotic announced the launch of the Peregrine, scheduled for December 24. As per the announcement, the Lunar Lander will carry a physical Dogecoin to the moon. This mission has been in the works since 2015 and is eagerly anticipated by the Dogecoin community.
These developments are undoubtedly bullish for Dogecoin’s ecosystem, with Dogecoin potentially becoming the first cryptocurrency to land on the moon. The positive news has already reflected in DOGE’s price, which has risen over 7% in the last 24 hours to approximately $0.08162, according to data from CoinMarketCap.
The DOGE-1 satellite, apart from its primary mission, will also display advertisements, images, and logos on a miniature screen that will broadcast back to Earth. This venture marks the first time a satellite launch has been paid for entirely in DOGE tokens.
Originally announced by SpaceX founder Elon Musk in 2021, the launch of DOGE-1 was initially planned as a rideshare aboard a collaborative rocket launch between Intuitive Machines and NASA. However, subsequent postponements by Intuitive Machines’ launch provider SpaceX pushed DOGE-1’s planned launch from 2022 to a tentative date by the end of the year or early next year.
The moon is not the limit for Dogecoin. With two space missions in the pipeline, the meme coin is forging a new path for cryptocurrencies and their real-world applications.