Since Tesla’s founder appeared on the SNL, his favorite crypto token declined as much as thirty percent. But a day later, the company confirmed the news that it would start accepting tokens and launch a Doge-1 mission to the moon in the next year.
Interestingly, this would make it the first-ever mission to the moon, which the meme token will fully back. On top of it, the company also confirmed that it plans to send the mission on SpaceX’s latest Falcon 9 rocket series. Besides that, The Geometric Space Corporation also revealed that it would be assisting SpaceX in launching and risk management of the mission. While referring to the Payload, GSC said,
The payload will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.
Moreover, Samuel Reid, the company’s CEO, also commented on SpaceX’s decision to accept Dogecoin. He revealed that the company had previously transacted in the meme coins, further adding that he is confident that Musk’s favorite token would suffice the needs of the space sector.
Reid highlighted that the token has proved to be an effective and trusted form of payment over the years. He said that the coin proved its worth when numerous major banks failed to fund a mission to the moon, and eventually, the GSC and SpaceX selected Doge as the unit of account for all business transactions.
Since last year, Dogecoin has seen mainstream adoption, with major businesses, from wine sellers to supercar dealers, have started accepting the token as a payment option. Most supporters credit Elon Musk and Mark Cuban for the coin’s unexpected fame and a whopping surge in value.