Crypto exchange and derivatives trading platform BitMEX is embarking on a 21st-century space race that aims to make Bitcoin the first cryptocurrency on the moon.
In a new blog post, BitMex says it is racing against Elon Musk’s mission that will send a satellite dubbed DOGE-1 to the moon by 2022.
“One Dogecoin protagonist/EV car innovator/space enthusiast recently laid down the gauntlet in saying he plans to send DOGE to the moon. We’ve nothing against dog money, [but] we felt it was only right to help Bitcoin get there first.”
According to Musk, the DOGE-1 satellite will be paid for using meme cryptocurrency Dogecoin (DOGE).
BitMEX also unveils that it is collaborating with space robotics company Astrobotic Technology, Inc. as it sends its first commercial lander to the moon in the fourth quarter of 2021. The company’s lander will carry a unique physically-minted Bitcoin.
“As long-term supporters of Bitcoin and to underline the faith we have in the resiliency of its protocol, we wanted this world-changing cryptocurrency to be a part of this historic moment.
BitMEX will mint a one-of-a-kind physical Bitcoin, similar to the Casascius coins of 2013, which will be delivered to the moon by Astrobotic. The coin will hold one Bitcoin at an address to be publicly released, underneath a tamper-evident hologram covering.
The coin will proudly display the BitMEX name, the mission name, the date it was minted and the Bitcoin price at the time of minting.”
SpaceX CEO Elon Musk says in response,
“A new space race has begun!”
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Featured Image: Shutterstock/Tithi Luadthong
