DOGE-1 Mission to the Moon

In News

SpaceX will launch the ‘DOGE-1 Mission to the Moon’ next year, with Elon Musk's commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.

About

Dogecoin is a cryptocurrency with a fun and friendly brand picture that aims to be a kind introduction to cryptocurrency.

Geometric Energy Corporation announced the dogecoin-funded mission on 9th May, 2021. This mission will exhibit the application of cryptocurrency beyond Earth orbit and set the base for interplanetary commerce.

On crypto data tracker CoinGecko.com, dogecoin has leaped more than 800% over the last month and is now the fourth-largest digital currency, with a market capitalization of $73 billion.

Some facts about Dogecoin

• Dogecoin is an open-source peer-to-peer digital currency popular among Shiba Inus around the world.
• The Shiba Inu is a Japanese breed of dog that has become popular as an online meme and is related with Dogecoin.
• Dogecoin has one of the most dynamic and largest communities in the cryptocurrency world. This group has banded together to support a variety of charitable endeavours and other ventures. They were also able to fund a NASCAR race.
• Dogecoin has no upper limit, which means there are actually more than 100 billion dogecoins in circulation unlike the bitcoins.