Diana, a Blockchain â€˜Lunar Registry,â€™ Attempts to Tokenize the Moon
In honor of Neil Armstrongâ€™s â€œsmall step,â€� one company is taking a â€œgiant leapâ€� for blockchain.
On the 50th anniversary of the Apollo 11 Moon landing, Diana, a blockchain startup, is launching a â€œlunar registryâ€� that attempts to place the lunar surface on a distributed ledger.
The project is offering collective ownership of Earthâ€™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 â€œcadastral mapâ€� is represented by two tokens, dia and mond.
Following the launch of the Diana blockchain, the startupÂ 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 â€œboostâ€� 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 â€œnoun.verb.nounâ€� addresses. â€œdiana.love.BTS, i.am.yourfather, and amstrong.land.Moon,â€� are given as possible examples.
The projectâ€™s white paper quotes Article II of the UN Outer Space Treaty:
â€œOuter 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.â€�
Yet, the founders point out this treaty says nothing about â€œprivate ownershipâ€� or parceling of the solar system, noting that many sovereign nations, like China, and capital-rich corporations, like Jeff Bezosâ€™ Blue Origin, are gearing up to explore â€“ and perhaps monopolize â€“ humanityâ€™s shared heritage.
The project leads think this next-gen space race will inevitably lead to the question of â€œwho owns the moon.â€�
â€œGiven the increased possibility of ownership disputes,â€� Diana is currently offering tokenized ownership of the visible lunar surface â€“ 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 â€œdevelop the biz model for Moon possession.â€�
Moon footprint photo via Shutterstock