Cryptocurrencies have become one of the most popular investment options for people in 2021. The nature of cryptocurrency markets promises low risk and high returns in a short period of time. With such an attractive model, millions of people across the world have started investing in different types of cryptocurrencies like Bitcoin, Ethereum, Dogecoin etc.
Recently a new cryptocurrency named Ratcoin has been launched and is getting huge attention on the Internet. Many crypto enthusiasts are searching on Google for how to buy Ratcoin. In this article, we will walk you through complete information about Ratcoin, its developers, specs, and how to buy it on the market.
What to know about RatCoin
Ratcoin is one of the newly emerged cryptocurrencies that have been established recently. It uses decentralized blockchain technology for managing and recording transactions. According to the information provided by the official website, the purpose of the project is to deploy Funny Coins.
It is similar to Dogecoin as it seems to be a meme coin that is created for fun and allows people to invest in blockchain technology. Many people on Twitter are claiming that Ratcoin is an Elon Musk innovation. However, the Ratcoin developers have clarified that Elon Musk doesn’t involve in this project in any which way.
Ratcoin Elon musk Story
— RatCoin Network (@RatcoinR) April 7, 2021
As per the Ratcoin website, the maximum supply of Ratcoins has been capped at 9 Billion coins and the block time for mining a Ratcoin has been set at 3 minutes. For those interested in more technical specifications, here are the Ratcoin specifications as per their website.
- Name: RATCOIN
- Ticker: RAT
- Max Supply: 9,000,000,000 (9 Billion)
- Block time: 3 Minutes
- Algorithm: Scrypt POS / POW
- Premine: 20% (1.80 Billion) made up of:
- 13.49% for the swap (1,214,430,975.76010)
- 4.26% for Development (383,228,755.00000)
- 2.25% Community Fund (202,340,269.23991)
- Coinbase maturity: 30 blocks
- Staking Maturity: 30 Blocks (~1.5 Hour)
- Target spacing: 3 minutes
- Target timespan: 1 block
- Transaction confirmations: 30 blocks
- Pow 0 coins per block till block 200k
Is Ratcoin (RAT) a scam?
People are hesitant to accept RAT as a real cryptocurrency as it was recently established. There are also many rumors about who its owner is. This coin lacks definition, which makes it difficult to claim it as a real cryptocurrency. To get more clarity, we can wait for updates and notifications.
In short, Ratcoin is a new addition to the list of cryptocurrencies that is still waiting to earn the trust of people around the world. People are unsure whether investing in Ratcoin is profitable or not. Many people do not know where and how to buy this coin. As a result, knowing more details about it can help you understand it better.
Where to Buy RatCoin?
As per the information available on the Ratcoin website, you can buy Ratcoin from Freak Exchange, Bololex, and Stake Centre. Alternatively, if you own them in a physical wallet, you can trade them independently and send them to your friends and acquaintances.
You can check the Ratcoin price on any of the above-given exchanges, the price keeps fluctuating. Investing in crypto can be a risky venture, especially when dealing with newer cryptocurrencies. Readers are advised to do thorough research before making such investments.
I hope this article has clarified Ratcoin and its real developers and Ratcoin Elon musk story. If you are a crypto enthusiast and want to invest in the project, please take thorough advice and research the project carefully to avoid any possible losses.
It is true that the meme coin is still new to the Industry and should go a long way before it can be trusted by small and big investors.