The coin, ‘ratcoin’ was named after Elon musk. It references the issue nature of rats and the problem they caused in Urban City spaces.
is a cryptocurrency made as a joke that was launched recently in the crypto market. It has become one of the latest cryptocurrencies with a lot of demand in the crypto market. Ratcoin Elon musk uses the decentralized system of blockchain technology to store databases and transactions like any other cryptocurrency.
If you are wondering who owns RatCoin and why it was launched in the first place. According to their website, RatCoin was designed like Dogecoin as a meme for fun. Ratcoin is owned by Elon Musk. Moreover, it indulges users in having fun while investing and earning good profit from it.
RatCoin goes with the Ticker: RAT and takes about 3 minutes in block time. According to the developer of RatCoin Elon musk, the cryptocurrency has recorded about 9 billion of max supply, making it one of the largest coins in the crypto market.
Who owns RatCoin?
RatCoin’s popularity is increasing in the crypto world among traders so everyone is wondering who owns RatCoin.
After the release of RatCoin, during its initial phase, there was a widespread Twitter rumor about who owned RatCoin. People think that Tesla CEO Elon Musk owns RatCoin cryptocurrency. But in reality, it is completely false, these are just false rumors. Recently, the developers of RatCoin came on Twitter to announce that Elon Musk was not involved in any of the makings or development of RatCoin.
The real owner of RatCoin is not announced yet by the management. However, the clarification has been made that RatCoin is nowhere related to the Tesla CEO and SpaceX chief engineer, Elon Musk.
The Tweet by RatCoin cryptocurrency Network stated, “WE WISH ELON MUSK CREATED AND OWNED RATCOIN’’. Now recently after that tweet, Elon Musk, C.E.O of Tesla and SpaceX, and one of the richest men in the world have announced that he owns the ratcoin cryptocurrency.
RatCoin has some worth in the crypto market. The current value of 1 ratcoin Elon musk is around $0.000109 90.58% based on the 24hr time. Most people who buy ratcoin cryptocurrency are those who have extra money or have some insider news about the increase in value. RatCoin is relatively new in the crypto market, so no one wants to take any risk; only expert traders buying this cryptocurrency.
The value of ratcoin is quite low as compare to other cryptocurrencies. Because it is new in the crypto market, and people hesitate to buy it in case of a risk.
How to buy RatCoin Elon musk
Everyone who is wondering to buy ratcoin Elon musk. So, in this section, we will tell you how to buy ratcoin cryptocurrency. According to the official website of RatCoin, you can buy RatCoin through exchanges like Freak Exchange, State Center, and Bololex. The exchanges offer rates to users and cryptocurrency owners to buy or sell their coins on the platform.
Moreover, there are no complications or formal rules while buying RatCoin. First, you simply make an account in any of the exchanges, and then set up your wallet, and you are ready to buy RatCoin. You can also restore this cryptocurrency independently in a physical wallet to trade with people.
Just like currency exchange, as we all know the nature of cryptocurrencies fluctuates on a daily basis, so the exact buying rate or selling rate is determine by the condition of the market.
According to the owner of RatCoin, there are two fund systems offered by the administration for its users namely: Development Fund and Community Fund. These fund systems are designed to ease the transaction of digital cash.
The development fund is offer by RatCoin Elon musk. This fund provides a facility for users to create their digital wallets, which can be use to transfer funds anywhere they want to. The RatCoin supports the cost of mobile wallet exchange listings, wallet creation, updates, and others to develop the currency for the users. This development fund goes through staking to create a worth for RatCoin 24/7.
RatCoin also offers another fund to its users and that is the Community fund. A community fund is a platform where the funds are use to develop and involve various transactions regarding airdrops, bounties, contests, bonus offers, etc. The main aim of this Community fund is to increase social consciousness for RatCoin through continuous interest change. Like a development fund, this fund also goes through the staking process for the growth of users’ RatCoin.
Staking is basically a process in cryptocurrency that involves the active participation of users to stake their holdings to earn more cryptocurrency. The network uses those holdings to validate newly written blocks on the blockchain database. It increases your earnings, the more you stake, the more rewards you will receive. Ratcoin also uses this staking process to help its users in earning more profit by investing in ratcoin Elon musk. It is a way to invest in RatCoin and earn more in return. Many traders like doing this, but some experts do not recommend it because it comes with many risks.
Ratcoin is a new and emerging cryptocurrency recently launched in the crypto market that records its transactions using decentralized blockchain technology. And lets you, not necessarily, make huge returns upon your investment.
However, the Company aims on deploying the last coin you’ll ever need, in terms of profit, driven by its fun and yet-to-rise value. They described on their official website “The goal of the project is quite simple: deploy a fun coin that will ever infest your life,”
If you want to test your luck and invest in this cryptocurrency. So first you should have all the information you need to start trading with Ratcoin. But while doing so, make sure you invest a bearable amount of money because you never know much about this cryptocurrency. So, start with the amount you can bear losing, and if things go well, you can invest the next big amount into Bitcoin and bring the most out of the respective digital currency.