Production and logistics company Geometric Energy Corporation (GEC) shared the latest developments for the DOGE-1 Moon Mission, a CubeSat mission financed entirely by the largest memecoin Dogecoin (DOGE). The announcement from the company attracted the attention of the Dogecoin community. According to GEC’s announcement, significant progress has been made in the DOGE-1 Moon Mission, a commercial venture, with critical regulatory barriers being overcome. The announcement also stated that the process of improving and testing the mission is about to begin.
A Closer Look at the Announcement
In the announcement shared by GEC CEO Samuel Reid regarding the DOGE-1 Moon Mission, it was stated that the company has launched a public campaign to test DOGE-1. Additionally, the project aims for further development now that regulatory restrictions from NOAA, FCC, NTIA, NASA, and DOD have been surpassed.
According to the announcement, plans also include the development of orbital analysis for DOGE-1, initiation of mission and payload operations, and ground segment tests. Furthermore, the mission has reserved billionaire Elon Musk’s SpaceX on an open manifesto basis.
According to Reid, the company aims to complete the testing of DOGE-1 flight and ground systems, preparing for proper integration with the launch vehicle on its first Moon flight. In this direction, GEC is starting to lead a revolutionary new approach to space missions, especially with the help of Blockchain technology.
Dogecoin’s Price Sees an Uptick
At the time this article was prepared, a limited but noticeable increase of 0.86% was observed in the price of DOGE in the last 24 hours. This uptick came right after the latest announcement for the DOGE-1 Moon Mission, drawing attention.
Monthly and weekly charts show the memecoin’s price moving in a downward trajectory, which could lead to excessive speculation. The recent announcement related to the DOGE-1 Moon Mission quickly became a hot topic in the cryptocurrency world, reflecting investors’ interest in the memecoin.
