The start of the monologue from the first-ever Star Trek, “Space, the final frontier” is finally being touched upon. The dream to fly up to the stars is as old as humanity itself, with ancient civilizations referring to gods from the heavens coming down to earth.

In recent times, we have moved from government-funded space exploration to private-run space tourism. Elon Musk, Sir Richard Branson and Jeff Bezos will go down in history as the men who defied the notion that space is too expensive and offered the first private space visits.

Cheap, But Not Cheap

While each new rocket launch carrying passengers destined for space is celebrated as yet another victory over the excessive costs that government-led agencies such as NASA and ESA run, the truth of the matter is that it is still too expensive.

A ticket on Virgin Galactic’s Spaceplane, the cheapest of the three private services, will cost you around $450,000 per seat. One seat in Blue Origin fetched $28 million in an auction. SpaceX keeps the ticket price under wraps, but the last Inspiration4 mission is estimated to be around $50 million per passenger.

The comparatively cheap, but still hefty cost of the trips means that space is still the domain of the wealthy with millionaires and billionaires only able to afford it.

Space Coin Project: Space Travel for Everyone

Space should be accessible for all and within the reach of everyone. The Space Coin Project has been developed with this in mind. Merging space tourism with blockchain and crypto assets, the project brings unparalleled transparency and openness to the commercial space travel industry.

The project does this by offering backers and users the chance to go to space through the power of the public. Underpinning the project is its ERC20 compliant token, SPJ. SPJ and the project ecosystem offer three main advantages to users:

• Democratic Decentralization: The token holders will have equal chances to travel to space. There is no difference in class when it comes to space travel; all are equal.
• Transparent Pricing: All costs and pricing structures for space travel will be open and visible to all, allowing for cutting costs and creating a fair price mechanism. Space travel will finally be affordable.
• Community Governance: The SpaceDAO gives SPJ holders the right to vote and propose different initiatives for making space flight cheaper, improving services, and any other financial aspects related to the project.
• Staked Space: Holders of SPJ coins will automatically have staking privileges, giving early holders a higher chance towards the riches of space.

What Sets Space Coin Project Apart

Crypto projects in space are not a new thing. Today, several projects intend to use crypto assets in one way or another to power space exploration or other infrastructures.

SpaceX and Geometric Energy Corporation are building DOGE-1, a lunar satellite that is completely funded with Dogecoin. SpaceChain is another initiative, this time by Bitcoin Core engineer Jeff Garzik. The project plans to leverage the trustless aspect of blockchain for communication in deep space and between any future human colonies. The InterPlanetary Filing System (IPFS) is based on Ethereum and intends to keep data and communication safe.

These and other projects related to blockchain in space are all about leveraging the power of decentralization and crypto finances. What sets Space Coin Project apart from all these is that the ecosystem intends to make space travel a financially viable endeavor. It wants to put humans in space.

The Space Coin Project presents a real and practical way to not only promote the space tourism industry, but also make space travel affordable and accessible to everyone.