The spacecraft will carry a physical BTC wallet on mission
Update Jan 9 12:45: Astrobotic Technology has announced that Peregrine-1 will not reach the Moon due to a fuel leak.
Bitcoin (BTC) is on the way to the moon – literally. Riding with the astronauts, there is a crypt wallet containing 1 BTC on the lunar rocket Vulcan Centaur. The spacecraft is scheduled to launch from the Cape Canaveral Space Force Station and arrive at its destination, the Moon, in mid-February.
What's Happening Now: Our $BTC is on the Moon aboard @ulalaunch's #VulcanRocket
Watch the launch live on our Twitch here #BitcoinToTheMoon #BitMEX pic.twitter.com/bdr8sv56vO
— BitMEX (@BitMEX) January 8, 2024
Crypto derivatives exchange BitMEX prepares for physical Bitcoin to land on the moon. The exchange announced the departure of BTC on May 18, 2023, highlighting that the physical BTC is a crypto wallet containing at least one BTC.
The exchange's announcement highlighted that the Bitcoin wallet will have a public void address, which will allow the public to send some additional bitcoins and witness the redemption when someone withdraws. BitMEX wrote:
“The coin will be a registered payload on the Peregrine-1 manifest, and will remain in place on the moon until any active soul goes to collect it.
After separating from the rocket, the physical coin and space crew are now carried by the robotic company Astrobotic Technology's spacecraft Peregrine-1. If all goes according to plan, the spacecraft will land on the moon on February 23.
Peregrine Mission One — named after one of the fastest animals on Earth — was the first United States lunar landing mission since the Apollo program in 1969, which put the first men on the moon.
BitMEX CEO Stephan Lutz said in a press release that while the mission is a major achievement in space exploration, it also represents the first step in creating a monetary system for the space economy.
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Lutz described Bitcoin on the Moon as a “time capsule” containing one of the most significant inventions in human history. “I'm excited to see what the future holds for decentralized finance, where financial systems transcend earthly boundaries and empower individuals in the cosmos.”
BitMEX's attempt to send Bitcoin into space capitalizes on the popular phrase “to the moon” among crypto users. Traders and enthusiasts often use it to express their desire for momentum for their crypto tokens.
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