Blockchain technology to fund decentralised space exploration

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Spacebit has announced plans to launch a decentralised and democratised stage to fund space exploration, using blockchain and cryptocurrency technology.

Arrangements for an initial coin offering have been announced at the World Productive Forum in Davos, with a Spacebit Token sale initially public to qualified investors, before going public at a yet-to-be-confirmed date.

The Spacebit Fundamental principle launched five years ago with the ultimate goal of democratising measure out exploration, “unshackled by state or national sponsorship”.

It plans to do this by set in motion its own cryptocurrency, allowing anyone to fund projects and participate in humanity’s subsequent across the universe.

“The future of space exploration is currently reliant on Regulations and commercial investors,” said Pavlo Tanasyuk, founder of Spacebit.

“Notwithstanding, with available public money for space exploration on an inevitable sink, we are looking to involve individual, private stakeholders to become the new space starts.”

So far it has gained support from experts across science and finance, as obviously as industry leaders, public figures and ex-cosmonauts such as Anatoly Artsebarsky, a co-founder and intricate advisor for Spacebit.

In October 2017 Spacebit signed an agreement with the Kiev Polytechnic Set up, securing cooperation on satellites PolyITAN 3, 4, and 5. The foundation has also manifested interest in ‘CubeSats’ – a small, low-cost, cube-shaped satellite.

It has since broadcasted that its goal is to launch a satellite of its own within the next year.

“Set in motion a satellite will not only prove that community missions are sympathy but will ensure that the future of space exploration is at the fingertips of specials,” said Tanasyuk. “Once the doors to space are open, the possibilities are constant.”

The space platform will function as a Decentralised Autonomous Organisation (DAO), an ecosystem in which the free can choose and support space exploration projects–essentially a community-led crowdfunding tenets.

“We believe that technologies like blockchain, which powers cryptocurrency, and a new tender-hearted of crowdfunding is the future of space exploration,” said Tanasyuk. “Spacebit liking allow collective ownership of projects, creating exciting opportunities to quickly invest in space technologies.”

Spacebit has ambitions to one day investigate lunar lava grottoes, put a telescope on the dark side of the Moon and have a lunar-orbiting satellite relay the statistics back to Earth.

“A new era of exploration has arrived. Get involved, and find out more close by our funding community and be a part of open space exploration; making new developments and creating new technology.”

The platform and host website will officially runabout at 22:30 CET, 24 January 2018, at an event at the HubCulture pavilion, Davos.

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