Diana, a Blockchain ‘Lunar Registry,’ Attempts to Tokenize the Moon

Diana, a Blockchain ‘Lunar Registry,’ Attempts to Tokenize the Moon

In honor of Neil Armstrong’s “small step,� one company is taking a “giant leap� for blockchain.

On the 50th anniversary of the Apollo 11 Moon landing, Diana, a blockchain startup, is launching a “lunar registry� that attempts to place the lunar surface on a distributed ledger.

The project is offering collective ownership of Earth’s only natural satellite through dividing the moon into 3,874,204,892 cells encoded on a blockchain by a 3-word address. Proof of stake in this “cadastral map� is represented by two tokens, dia and mond.

Following the launch of the Diana blockchain, the startup also plans to develop a decentralized autonomous organization and eventually an exchange to build an economy around the orbital celestial object.

Dia, a native token distributed upon registration, will be exchangeable with mond, intended for transactions. Accordingly, registration costs will increase as more tokens are sold, which will “boost� the value of tokens for market participants and prevent speculation.

Fifty percent of the tokens will be made publicly available, while less than 2 percent will be reserved for the founders and development team, and the rest will act as a reserve.

Tokens will be held in “noun.verb.noun� addresses. “diana.love.BTS, i.am.yourfather, and amstrong.land.Moon,� are given as possible examples.

The project’s white paper quotes Article II of the UN Outer Space Treaty:

“Outer space, including the Moon and other celestial bodies, is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.�

Yet, the founders point out this treaty says nothing about “private ownership� or parceling of the solar system, noting that many sovereign nations, like China, and capital-rich corporations, like Jeff Bezos’ Blue Origin, are gearing up to explore – and perhaps monopolize – humanity’s shared heritage.

The project leads think this next-gen space race will inevitably lead to the question of “who owns the moon.�

“Given the increased possibility of ownership disputes,� Diana is currently offering tokenized ownership of the visible lunar surface – a chance for everyone to get a slice.

As part of the project roadmap, the team hopes to establish a Together Moon Foundation, appoint an international and space expert defense team, and “develop the biz model for Moon possession.�

Moon footprint photo via Shutterstock

https://www.coindesk.com/diana-a-blockchain-lunar-registry-attempts-to-tokenize-the-moon

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