Diana Launching a Blockchain Lunar Registry to Tokenize the Moon

Let’s talk about humankind’s’ common heritage, particularly the Moon. For this time being the capital and talent from around the world has been put to lunar exploration and development. Countless of novelty projects had been taken account on playing a part on the “moon meme” in crypto, yet none of them actually guaranteed to tokenize the moon, up to this point that is.

Throughout the end of the week, another blockchain startup called Diana- named after the Roman goddess of the hunt and the moon- launched on the 50th anniversary of the of Apollo 11 moon landing. They’re attempting to place the lunar surface on a distributed ledger called “lunar registry”. This registry enables everyone to own a slice of the lunar body by putting plots of space on the lunar surface in an ownership database; this is to avoid monopoly from countries and wealthy corporation.

The reason behind such a fairly intriguing yet innovative project originates from the way that the moon conveys a variety of minerals that many have been eyeing on uncovers the blockchain startup. To guarantee that everybody has a chance to take a hold onto a fraction of ownership to the moon, the group intends to make a tokenization system.

This would be made possible by encoding it using a 3 — word address system and a blockchain distributed ledger to decentralize its said ownership; in order to achieve an extraterrestrial cadastral map which in fact is deemed to be the first of its kind.

The developers of Diana plans to divide the moon up into 3,874,204,892 cells which they’ll map out on a blockchain. The “cadastral map” would be represented by two tokens, respectively DIA and MOND. The local token DIA will be disseminated upon registration and swapped with MOND, which is proposed for trades. The expense of registration is relied upon to increment as more tokens are sold, boosting the token value for market members and averting speculation.

The registry would operate with two ERC-20 standard tokens: DIA tokens would serve as the indivisible proof of registration of a portion/cell of the moon’s surface; likewise MOND tokens are the transaction tokens backed 1:1 by the U.S dollar. As stated on the white paper that the treaty doesn’t mention private ownership on the moon, which would permit to the exploitation of the celestial body. By partitioning and tokenizing the moon’s surface into some 3.8 billion pieces, the Diana project would by one way or another evade the private proprietorship and theoretical misuse of the moon’s assets by hegemonic actors.

The task has colleagues that hail from all throughout the world which works as a Decentralized Autonomous Organization (DAO) that could help manage responsibilities on the moon. The very meaning of DAO is that it is an association based on foreordained functions and smart contracts that needn’t bother with any human contribution to execute its operation. Everything is automated, and along these lines stays free of any human influence.

Yet, the manner in which that Diana characterizes a DAO varies from that depiction. To Diana, the elements of a DAO are executed through human intercession. Anybody could join the association and play out a lot of undertakings. When they leave, they need to select another person who might proceed with their doled out work on the blockchain. Diana characterizes that the supporters of this DAO system are remunerated by their commitment.

Diana’s leads think this cutting edge space race will in the end lead to the subject of ‘who owns the Moon.’ Due to the expanding probabilities of ownership dilemma, Diana means to give tokenized responsibility for Moon.

The development team plans to build up a Together Moon Foundation as a major aspect of the project’s roadmap. They will at that point choose an international and space expert protection group that will in the end “Develop the biz model for Moon possession.”

But should you trust Diana for its offer? Clearly it is fundamental that you evaluate your choice and its consequences completely before choosing to purchase whatever Diana is selling in both its literal and renowned sense.

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