A short while ago, no one could have imagined a new space race would begin. Instead of the USA versus the USSR, we have the cryptocurrencies Dogecoin (DOGE), Bitcoin (BTC) and Rocketize (JATO) competing for space domination. But how did we get to sending cryptocurrencies to the cosmos rather than people? And what purpose does it all serve?
A blockchain technology company, Blockstream, a builder of the Bitcoin (BTC) economy infrastructure, was the first to pioneer into the unknown. Back in 2017, Blockstreet launched the first crypto satellite to broadcast Bitcoin (BTC) transactions from space. This satellite works 24/7 and helps protect against any network interference or attacks. The coolest part of this technology is it allows people to receive cryptocurrency directly from the cosmos.
Bitcoin (BTC) is the oldest and most widely used cryptocurrency to exist. At one point in late 2021, the currency had a market capitalisation of $1.27 trillion. Unfortunately, because it is the oldest cryptocurrency, it also suffers from a range of problems, including the need for the currency to be mined. An incredibly complicated and energy-consuming process.
Back in 2021, Elon Musk announced that SpaceX, a spacecraft engineering company, would be metaphorically taking Dogecoin (DOGE) to the moon. In an appropriately named mission titled "Doge-1 Mission to the Moon", this lunar voyage was supposedly meant to take place in the first quarter of 2022. However, after multiple delays to the rocket launch, it is still unclear when this crypto space expedition will happen.
Dogecoin is the oldest meme crypto to date. After Elon Musk's repeated endorsements of the Japanese Shiba Inu coin on Twitter, the low price of Dogecoin rose at a rapid rate and became a household name.
Rocketize's slogan reads "A Small Step for A Man, A Giant Leap for Community". Although in its presale, this meme currency is sparking crypto enthusiasts' excitement. Rocketize Token (JATO) also has its own space program with the mission of creating an inclusive platform that can integrate crypto technologies into space. The developers of this meme token want to support more futuristic endeavours of the human race and participate in the exploration of new frontiers.
Aside from this modest space program, Rocketize Token (JATO) also hosts a variety of other features for its investors such as a reducing supply, as well as a 2% tax on transactions that will redistribute to all wallet holders. As they state in their whitepaper, " Rocketize Token will do for BSC and Defi what Neil Armstrong did for Mankind."
Although it is a race, the cryptocurrency that participates in space innovation for the long run will eventually be the one to win the space race. While Bitcoin (BTC) and Dogecoin (DOGE) want to compete against each other immediately, little is being done to put in the groundwork to make their projects worthwhile to humanity. This is where Rocketize could make a change. With a strong currency that increases in value over time, a helpful community and interest in scientific endeavours, Rocketize could take to the stars.
Presale: https://launch.rocketize.io/register
Website: https://rocketize.io/
Twitter: https://twitter.com/RocketizeToken
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.