Diana.io’s new ‘Lunar Registry’ promises to sort out who owns what up there once and for all
Just in time for the 50th anniversary of the Apollo 11 moon landing, South Korean firm Diana.io has launched a project to register ownership of that cold-hearted orb that rules the night. And of course it uses blockchain.
The Lowdown: The company is promoting a “Lunar Registry” with an associated decentralized app service that can mark the land of the moon and, theoretically at least, begin trading it tomorrow, July 20, 2019. The Diana project’s stated goal is to “clearly define the possible rights of mankind to the moon, given the increased possibility of ownership disputes, through collective registration.”
The Details: If Dogecoin isn’t doing it for you any longer and you need to get hunks of moon into your blockchain-powered portfolio, here’s the Diana details you need to know. The Moon Registration System 1.0 works like this:
1. The moon is divided into cells of the same size by applying a Goldberg polyhedron algorithm.
2. All cells are hexagons to ensure they are the same size. There are 3,874,204,892 cells in total.
3. The moon has both visible and invisible sides when seen from earth. In an affront to Pink Floyd fans everywhere, the registration areas are limited to the visible side.
4. The total number of visible cells is 2 billion. Therefore, Diana’s issue volume is limited to 2 billion as well.
Depending on the issuance volume section, registration fees will differ, the company says. As issuance volume increases, registration fees also increase, so initial registrants receive more profit.
The Impact: Yes, they have a referral program that pays 10 points, so this is a legitimate channel story.
Background: Diana officials say crypto-moon-coin is necessary because competition for ownership of the moon in certain countries and companies is increasingly fierce, despite the United Nations’ Moon Treaty of 1979 that designates earth’s nightlight “as a common heritage of mankind that no country can own.”
Proof that competition is a reality not just for resources here on Earth: In 2015, the United States enacted the Commercial Space Launch Competitiveness Act (CSLCA), which encourages private space development, and in 2017 Luxembourg passed a bill allowing ownership of resources mined in outer space by private companies.
The Buzz: “The Diana project will be a great opportunity for the moon to be a daily interest,” said Jason Goo, a self-described architect and anarchist who serves as Diana’s “chief of wanting you to buy some moon.”