Justin Sun offers $50 million in Dogecoin for SpaceX to launch TRX and BTT satellite

  • Justin Sun is ready to pay as high as $50 million to see a satellite launch for TRON and BitTorrent cryptos.
  • Elon Musk has opened a Twitter poll to find out whether to accept Dogecoin as payment for Tesla cars.

Justin Sun, the founder of Tron Foundation and CEO of BitTorrent recently affirmed his intention to sponsor the launch of Tron and BitTorrent to the moon. This follows SpaceX’s ”Doge-1 Mission to the Moon” expected to be launched in the first quarter of 2022, and the demand for the first satellite deal transaction to be paid in Dogecoin. Justin Sun mentioned that he is ready to pay as high as $50 million to see a satellite launch for TRX and BTT. 

Sun has over the past few years positioned himself as a flamboyant marketer involved in almost all milestone cryptocurrency projects. Just recently, he was narrowly outbid on purchasing the world’s most expensive NFT, “The First 5000 Days” by Beeple. He also bid $4.6 million for lunch with billionaire investor Warren Buffett.

Dogecoin soars, even as critics abound

“Doge-1 Mission to the Moon” as recently reported, will make the meme-based coin the first crypto to be used as a “unit of account for lunar business in the space sector”. The Falcon 9 rocket will onboard a 40kg Cubesat into orbit for research. SpaceX vice president of commercial sales Tom Ochinero has said that the mission will be a demonstration of the application of cryptocurrency far above the orbit of the Earth. 

Despite this breakthrough, Charles Hoskinson, the Cardano founder has led an anti-Doge camp, expressing his dissatisfaction with Dogecoin because it is harmful to the crypto industry.

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…

Also, Steve Pagliuca, the CEO of Bain Capital has said that Dogecoin is a prescription for disaster, especially for investors who purchased it at the peak. 

In another development, Elon Musk has rekindled the trust of Doge investors after running a poll on Twitter to find out whether people will want to see the asset as a payment option for Tesla cars. As of the time of publication, 3.9 million votes had been recorded with 78.2% giving a thumbs up for the idea while 21.8% are not in support of the idea.

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John's a cryptocurrency and blockchain writer and researcher with years of experience. He has a lot of interest in emerging startups, tokens, and the invisible forces of demand and supply. He holds a Bachelor's degree in Geography and Economics

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