Elon Musk's crypto-based Doge-1 satellite is under construction 2

Sources confirmed that the Doge-1 satellite is under construction and will be launched by next year. 

Elon Musk started to support DogeCoin and for Dogecoin, his company Tesla motors suspended the Bitcoin payment option and said that they will use DogeCoin for payment purposes. However, Tesla has not yet started to accept DogeCoin or any other crypto but still, Elon Musk announced that they will launch the Doge-1 satellite next year to the moon. 

On 10 November, Unizen- Smart exchange ecosystem and ZenX- DeFi incubator announced that they are working on the Dodge-1 project. They are making the satellite and it will be ready to launch by the beginning of the next year. And the weight of Doge-1 is around 40kg. 

“Doge-1 CubeSat will travel to a “stable lunar orbit” to obtain lunar-spatial intelligence from sensors and cameras that will be sent back to GEC for analysis”

So CubeSat will provide a new use case for the crypto industry. 

According to reports, there are no fixed date issues but there are huge expectations that the satellite will be launched by the first quarter of 2022. And it will take place in the collaborative approach of SpaceX Falcon. 

It is worth noting, Doge-1 CubeSat will be the first satellite to reach the moon. 

 Tom Occhino, vice president of commercial sales at SpaceX, said that this will be new concept use of the crypto and further added 

 “The mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”

Elon Musk on Doge-1 

The planning of the Doge-1 satellite was first introduced by Elon Musk on 10 May of this year. 

At that time, Elon Musk also said that they will work with the developers of the DogeCoin to bring efficiency in this Dogecoin blockchain network so that the world can adopt DogeCoin as a payment option. 

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