- A moon mission partially funded by Dogecoin has secured regulatory approval.
- The moon mission will take a physical copy of the Dogecoin coin to the moon.
- The mission is expected to launch by December 23, but must get other regulatory passes before then.
Dogecoin’s goal of having a physical copy of its token sent to the moon received regulatory approval for its space mission. This move, which underscores growing developments within the meme coin’s ecosystem, has since observed excitement ripples through its community.
In a recent post on X, Samuel Reid, CEO of Geometric Energy Corporation, confirmed the National Telecommunications and Information Administration (NTIA) gave approval to the company’s “DOGE-1” moon mission. The mission, which is partially funded by Dogecoin, is scheduled to launch in January 2024, after several reported cancellations.
However, the NTIA approval is a precursor to a final Federal Communications Commission (FCC) license. The subsequent license will access the X-Band and S-Band communications for the satellite.
In April 2021, Elon Musk broke the news to the community in a post on X, hailing that the mission would have DOGE become the first cryptocurrency on the moon. As noted in several reports, the DOGE-1 developed by Geometric will be launched aboard a Space-X Falcon 9 Rocket
The recent development mirrors several other initiatives funded by the Dogecoin community to expand the token’s reach and influence. Previously, the community sponsored a NASCAR driver and raised funds for clean water projects in developing countries to create real-world impact.
Initially created as a parody, Dogecoin has become one of the leading cryptocurrency tokens in the ecosystem. At present, the token is the largest meme coin network, with over $11.5 billion in market cap. Data from CoinMarketCap shows the token edged higher in the last 24 hours following a 5.86% increase. On the weekly chart, DOGE has added a more impressive 10.51% to its price. As of writing, the token is exchanging hands at $0.08227.
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