BitMEX exchange is on the verge of making history with its planned move to send a physical Bitcoin (BTC) to the moon. As reported by Finance Feeds, BitMEX’s physical Bitcoin will be among the 201 payloads from governments, private firms, higher institutions of learning, and NASA’s Commercial Lunar Payload Services initiative to travel to the moon’s surface.

The BitMEX Bitcoin Lunar Mission

Per the report, the BitMEX lunar mission is scheduled to take place on January 8 at 02:18 am ET. The mission is in collaboration with Astrobotic, Bitcoin Magazine, and Oxcart Assembly. 

The goal of BitMEX with the plan to send physical Bitcoin to the moon is to show how the digital currency can revolutionize payments beyond the Earth. Besides sending Bitcoin to space, this mission is historic as it marks the first-ever Western soft lunar landing since NASA’s Apollo 17 mission in 1972.

Since Bitcoin is naturally a virtual currency, BitMEX plans to create a coin billed to have a total weight of 43 grams with a market value of $45,000 as of January 8, 2024. The space rocket that will lift the coin is the United Launch Alliance (ULA) Vulcan rocket and it will also be integrated into the Peregrine-1 commercial lunar lander.

The liftoff location is Cape Canaveral Space Force Station in Florida and the Vulcan Rocket will start the trip, circling the Earth’s Orbit before launching the attached Peregrine-1. The whole action will be televised for the 7 days the lunar orbit phase will take place.

“Perfectly preserved for future generations, the Bitcoin on the Moon is a time capsule that captures one of the most significant human innovations and technological advancements. This decisive leap forward is just the beginning of a new era,” BitMEX CEO, Stephan Lutz said in a statement.

The Doge-1 Lunar Mission

Notably, the crypto ecosystem is now more attuned to space exploration as the next phase of technological evolution. Notably, the Dogecoin community is also funding a lunar mission where the Dogecoin logo will be sent to space in collaboration with renewable energy-based logistics firm Geometric Energy Corporation.

As reported earlier by Coingape, the Doge-1 mission has secured the necessary licenses including the greenlight from the United States Federal Communications Commission (FCC) to make the the voyage possible. 

This Dogecoin and Bitcoin’s voyage into the moon is setting a precedent that may soon become the norm for other Web3.0 related entities in the near future.

The post BitMEX to Send 1 Physical Bitcoin (BTC) to the Moon, Here’s How appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am