Justin Sun Proposes Launching TRX, BTT Satellite via SpaceX for $50mln in Doge May 13, 2021 May 13, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 13, 2021 by Kelly Cromley

Justin Sun Proposes Launching TRX, BTT Satellite via SpaceX for $50mln in Doge

Tron blockchain founder and CEO of BitTorrent Justin Sun has confirmed his plan to back the launch of BitTorrent and Tron to the moon. The announcement follows SpaceX’ plan “Doge-1 Mission to the Moon” anticipated to be unveiled in the first-quarter of 2022 and the request for the foremost satellite deal agreement to be settled in Dogecoin.

Interestingly, Justin Sun has stated that he is prepared to pay up to $50 million for launching a satellite for TRX and BTT crypto token.

In the past few years, Sun has placed himself as flashy salesman involved in nearly all landmark crypto ventures. Only a few weeks before, he bought the NFT titled “The First 5000 Days” by Beeple by narrowly outbidding his competitor.

It can be remembered that Sun had paid $4.60 million to have a lunch with Warren Buffett, the billionaire investor also referred to as the Oracle of Omaha.

Notably, “Doge-1 Mission to the Moon” will turn out to be the meme-based foremost crypto to be utilized as a “unit of account for lunar business in the space sector”.

For the purpose of research, the Falcon 9 rocket will carry a 40kg Cubesat into orbit. Tom Ochinero, vice-president of commercial sales for SpaceX, has stated that the mission will be an evidence of the cryptocurrency’s use above the Earth’s orbig.

In spite of the big step forward, Cardano blockchain founder Charles Hoskinson has spear headed a campaign against Doge coin articulating his resentment over Dogecoin’s rally as he believes that it is detrimental to the crypto sector.

“I believe that what’s going on with DOGE is a) not sustainable, b) will result in a systematic, catastrophic failure of that cryptocurrency, and c) will create millions of people who are disillusioned, disenfranchised…”

Furthermore, Steve Pagliuca, the CEO of Bain Capital, has stated that Dogecoin is a recipe for mishap, particularly for retail investors who bought it at its height.

Notably, Elon Musk has revived the enthusiasm of Doge investors by conducting a small survey on Twitter to check out whether people are interested in having the meme coin as a mode of payment for Tesla cars. While writing this article, 78.2% had supported the plan while 21.8% were against the idea.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.