- The highly anticipated collaboration between BitMEX and the private technology company Astrobotic, aiming to truly “send Bitcoin
to the moon,” appears to be in jeopardy due to propulsion system issues.
- Peregrine 1, struggling to recharge its batteries, is forced to deplete its fuel reserves to maintain its trajectory.
- Among the rewards was a baseball cap signed by CEO Arthur Hayes and 100,000 USDT distributed among the best traders.
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Recent developments in BitMEX exchange’s plans to send Bitcoin to the moon have raised concerns about the mission’s failure.
BitMEX’s Bitcoin Mission
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The long-awaited collaboration between BitMEX and the private technology company Astrobotic, with the goal of truly “sending Bitcoin to the moon,” seems to be in danger due to propulsion system issues. The lunar lander Peregrine 1 was launched from Florida on January 8, 2024, and is expected to land in February, which now seems challenging.
BitMEX’s Peregrine 1 is currently grappling with a fuel leak, jeopardizing its ability to land on the lunar surface next month. Shortly after liftoff, engineers noticed complications related to the alignment of the spacecraft’s solar panels, hindering power generation from the sun.
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Peregrine 1 is struggling to recharge its batteries, being forced to deplete its fuel reserves to maintain its trajectory. It is expected that the spacecraft will lose power and enter an uncontrolled spin once the propellant is exhausted. Additionally, the apparent fuel leak situation further exacerbates the conditions.
According to a report, “The current goal is to position Peregrine as close to the moon as possible before losing the ability to maintain its sun-facing position,” said Astrobotic.
About BitMEX’s Ambitious Project
BitMEX attracted public attention to this mission by organizing an exciting trading competition with enticing rewards. Among the prizes were a baseball cap signed by CEO Arthur Hayes and 100,000 USDT distributed among the best traders. The venture included not only crypto enthusiasts but also non-crypto clients like NASA.
The 1.2-ton lunar vehicle, scheduled to land on the northern hemisphere of the Moon in late February, was launched from Cape Canaveral, Florida. NASA had purchased the capacity of the vehicle for five instruments to study the lunar surface environment. The findings are expected to be useful for astronaut missions planned towards the end of the decade.
Moreover, the significance of the mission goes beyond finance and technology. Peregrine 1 carries the remains of astronaut Philip K. Chapman. It also carries the remains of Star Trek creator Gene Roddenberry and other cast members.