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NXT-logoStalwart British technology magazine The Register announced in July that it would be launching a second aeronautics project (a follow-up to its first, called PARIS). Tentatively dubbed “LOHAN” (Low Orbit Helium Assisted Navigator), today it was revealed that NXT Coin would be going along with it. The coin’s development team has sponsored the project and, as a result, NXT Client will be loaded aboard the spacecraft’s Raspberry Pi.

While NXT works on projects such as “SuperNET” – “an initiative to use the core NXT technology, supplemented by a range of third party applications to create a unified network of cryptocurrencies, linking together all of the best systems available” – [Dan] Kindly admitted that involvement with LOHAN is its most exciting current initiative.

Of course, NXT is not the first coin to have astronautic ambitions. Back in May, Dogecoin signed on to a lunar race as reported by this magazine. However, though there is no set launch date for LOHAN as of yet (weather plays a huge role), the fact that they did a test launch at the end of October seems to imply that the official launch will take place long before “the 4th quarter of 2015.”

The LOHAN rocket has a “Playmonaut,” that is, a Lego man who will pilot the craft. While this project is nowhere near as serious as the Lunar Iditarod, which is likely to have bets and thousands of avid fans, it is “giant leap” forward for NXT.

According to NXT marketing manager Dan Kindly,  NXT is “currently positioned at #5 by market capitalisation (after Bitcoin, Litecoin, Ripple and BitsharesX) with a total NXT value of $37 million.” Its price as of this writing was ~5,000 Satoshi per NXT, or almost $0.02 (via Cryptsy).


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NXT Price Chart from Cryptsy

NXT Price Chart from Cryptsy

NXT Seeks to Innovate Using the Technology Bitcoin was Built on

However, a quick scan of CoinMarketCap reveals that Mr. Kindly’s estimation is a full $2 million higher than the coin’s capitalization has been in the past 30 days. At some point in the last 90 days, though, it did reach into the $40 million range. Mr. Kindly was not immediately available for comment, as his contact information is nowhere made apparent on any of the NXT-related web sites. Nor does he show up in Google searches relating to NXT, which is odd, since he is “marketing manager.”

NXT is an interesting coin because it does not only seek to make money for those who hold it, but seeks to innovate in various spaces using the technology Bitcoin was built on. One move in this direction was the recent unleashing of the Nxxty Messaging App. It also has a marketplace, something that other altcoins of similar age have yet to achieve. The community around it seems to be a bit more motivated than other altcoins, and this might be why it has the 6th greatest market capitalization at present (in contradiction of Dan Kindly’s claim above.)

source: http://coinmarketcap.com/currencies/nxt/

source: http://coinmarketcap.com/currencies/nxt/

Additionally, various companies have been formed around NXT, an example of which is NXTmania, a game development company.

All around, NXT accompanying an orbital rocket into space is exciting news for the cryptocurrency world. What will other coins do to match this? What happens NXT? Comment below!

Images from  jurvetson/Flickr and Shutterstock.

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Posted by P. H. Madore

P. H. Madore has been publishing since 2003. Tip: 1phmMcubFy298wujNFj6hQ1gctUBFovmL or 0xEDc20cc40cfb0CCBf67399c41B2891192a748a9A -- Visit me on Steem: https://steemit.com/@phmadore and check out my weekly report on the ICO madness: https://icoweeklynews.com

9 Comments

  1. Hamradiocoin will attempt to bounce off the moon this spring,

    I guess we have a new space race!

    https://www.cryptocoinsnews.com/hamradiocoin-crypto-via-radio-alternative-blockchain-channel/

    HamRadioCoin in Space

    In the Spring of 2015 HAMRadiocoin will attempt an Earth-Moon-Earth communication over Ham radio. Earth-Moon-Earth communication, also known as “moon bounce”, is a radio communications technique that relies on the propagation of radio waves from an Earth-based transmitter directed via reflection off the surface of the Moon back to an Earth-based receiver. This event will make HamRadioCoin the first cryptocurrency in space. CCN will be featuring the story.

    Hamradiocoin.com

  2. No worries…you know where to find me.
    You can also catch us on:

    http://nxtfoundation.org/contact-us/

    (I’m Dave P, btw)

  3. Paul Madore 21/11/2014 at 20:08

    Well, okay. But for me life would have been easier if there had been some obvious way to contact the marketing team. If I ever follow-up on this story, I’ll know to contact you for comment.

  4. Dan Kindly has become a Nxt in-joke, it’s kind of a tradition.

    The ‘NXT in Space!’ project is intended to raise the profile of both NXT and crypto-currency in general with a more mainstream audience, so putting Dan on the case seemed like a good fit for the tongue-in-cheek jokiness of The Register.

    The official LOHAN motto is:
    ‘Ad Astra Tabernamque’ – ‘To the stars and the pub’
    Which says everything about this project.

  5. Paul Madore 21/11/2014 at 17:54

    Don’t forget your moon coins!

  6. Paul Madore 21/11/2014 at 17:53

    Why not just reference “a member of the NXT team” or something along those lines?

  7. Dan Kindly is a NXT pseudonym…..the mainstream doesn’t quite get the
    de-centralised, open source nature of the NXT project, they like to have
    ‘marketing managers’ to relate to.

    The story was prepared over a month ago, hence the inaccuracies on NXT market cap…sorry, mea culpa.

    I’d like to see a crypto space race, actually.
    It’d be a good way of getting attention from outside the narrow world of crypto.
    Lets see who can get to the moon first…….

    Anyone with any questions:
    https://nxtforum.org/nxt-promotion/nxt-in-space!/

  8. Don’t forget your mooncoins, you may need them there!

    Thanks for commenting, by the way.

    PHM

  9. I aim to Have my stash of Doge on the moon by 2025 using the Lunar One mission…beat that NXT

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