Digital assets and blockchain technology are revolutionizing industries, introducing innovative and affordable solutions to the masses. One area that blockchain currently seeks to disrupt is commercial space travel.
Commercial space travel aims to bring the thrill of space travel to the masses. While this is good news for space enthusiasts, the current system is flawed. Tickets are incredibly expensive, and the processes involved are tedious.
Thankfully, a newly launched blockchain project seeks to solve most of the challenges associated with space travel and lower the entry barriers for the average Joe.
what is space coin project
The Space Coin Project is a new commercial space travel initiative designed to allow the general public to participate in the future of space travel. It aims to introduce the public to the exciting experience of commercial space travel through decentralization and reasonable pricing.
The project aims to create a fair and indexable market value for the cost of travel to space. It also seeks to open up space travel to all by reducing entry barriers.
Thus, with the solution created by the Space Coin Project, regular people can buy tickets and experience the thrill of space flight. The project describes itself as the first concierge service to the space.
How does this work?
Users can gain access to space flight by purchasing the Space Coin Project (SPJ) token. Once they have accumulated enough, they can trade a specific number of their tokens to redeem tickets to the project’s concierge services and space.
The team behind the project will then communicate with several affiliated space travel companies and introduce users to various travel options. When the user selects an option, the team and SpaceDAO will withdraw liquidity in the form of ETH or USDC and burn both the SPJs withdrawn from the contract and those sent by the user.
Thereafter, the funds will be converted into fiat currency and used to fund the trip. Users don’t have to go through the hassle of booking a space flight, as they just have to send their SPJ token to the platform and get their ticket.
The Space Coin project will also provide air and hotel bookings to users through its concierge. In addition to redeeming their tokens for space flight tickets, users are awarded a special NFT that commemorates their journey.
NFT gives them access to a private Discord group of astronauts to share their adventure experiences with others who have also traveled to space.
spaceDAO
The project has created a decentralized autonomous organization (DAO) called SpaceDAO to unite space travel enthusiasts. SpaceDAO represents a broad spectrum of individuals fascinated by stars.
The DAO is in charge of burning tokens significantly in exchange for liquidity to purchase tickets for various user journeys in the space. SpaceDAO also decides how many SPJ tokens the user must redeem for the ticket.
SpaceDAO aims to become the first decentralized autonomous organization to join the Commercial Spaceflight Federation and other similar organizations. This would allow it to bridge the gap between businesses working within the space travel industry and everyday people who travel to space, but cannot afford to pay several million dollars for the experience.
spj token
SPJ is an ERC-20 token that powers the Space Coin project ecosystem. It has a maximum supply of 5 billion SPJ tokens, with 2 billion units as the initial circulating supply.
Users can redeem their SPJ tokens for space flight tickets and special NFTs to commemorate their journey.
Holders can stake their tokens to earn more SPJ. In addition, owning the SPJ token allows users to participate in SpaceDAO and vote on important decisions that could affect the future of the project, including changes to the liquidation process. Once users have claimed ownership of their token, they can join SpaceDAO Discord and verify their ownership in the channel.
Specifically, the Space Coin project is a blockchain project that aims to make commercial space travel affordable for everyday people through decentralization and fair pricing.
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