The year 2021 has been wonderful in terms of investment[toents all over the world. And when it comes to crypto investment, what could be better than digital currencies which have been ballooning up themselves over the past few years and become the preferable means of investment. This becomes popular because it entails a low risk and high return.

This makes any new emerging digital currency a style statement. If something is gaining attention over the internet, it’s impossible that business owners like Elon Musk wouldn’t take the opportunity. The latest addition to the fleet, RatCoin is successful in going viral on the internet. In the article, today you will get to know everything about RatCoin.

RatCoin Elon Musk- What is a RatCoin?

RatCoin Elon Musk- What is a RatCoin
marketrealist.com

On its website, it says “an experimental new digital currency that enables instant payments to anyone, anywhere in the world.” 

RatCoin is one of the most recently added digital currencies and with this, it has gained international attention. It helps in managing and recording decentralized blockchain technology for transactions. The manufacturer aims to provide fun coins as the information suggests on the official website.

This is because it is much identical to DogeCoin as it seemed to be a meme coin and made to invest in the cryptocurrency while having fun.

It is one of the most peer-to-peer cryptocurrencies that enable users for the fastest and instant payment transfer to anyone in the world without any extra fees. The production of the blockchain uses the latest consensus mechanism and cryptography techniques as a Proof of Stake Time (PoST).

Instead of depending on the miners to power the core innovation of the platform, it adopted the mechanism called PoST in order to make a distributed consensus network. This innovation of Stack Time is all adopted to reward the customers rather than mining, which is supposed to be the traditional way of retaining loyal customers acquired by many cryptocurrencies.

Ratcoin, however, is not just limited to cryptocurrency users, but it essentially has the potential of being the next big trading option in e-commerce and many other platforms of the digital world. With this, it is also expected that many e-commerce and large websites will start adding Ratcoin as a mode of payment so people can easily use it for online purchases.

It has also been seen that Bitcoin has been one of the options for people for online purchases. Ratcoin, a much-upgraded version of Bitcoin aims to take further measures to make it versatile and more accessible by avoiding many drawbacks associated with Bitcoin like high transaction fees and slow transaction speed.

Does Elon Musk own Ratcoin?

Does Elon Musk own Ratcoin
coingorila.com

RatCoin cryptocurrency is produced under the Elon Musk production house, who is the CEO of SpaceX and Tesla. According to the news, he himself developed the coin without the help of engineers. But rumors are also there that the real owner is someone else, which is still undisclosed. 

However, there was not a single time when Elon Musk talked publicly about owning it or even investing in the Ratcoin cryptocurrency.

Although, people got confused when Elon Musk tweeted about cryptocurrencies recently. But rumors are there that he had been spotted with the founder of Litecoin, Charlie Lee. This means that someone had told him how much money can be made by investing in Crypto.

Does this prove that Elon Musk is the owner of the Rat coin?

Does this prove that Elon Musk is the owner of the Rat coin
genesisblockhk.com

It began in 2014 when a social media user asked Elon Musk about Dogecoin and Ratcoin – Elon Musk responded while calling both of them his favorite cryptocurrencies.  Since then many people believed that Musk’s reply and many other tweets he tweeted about cryptocurrencies prove that he owns it.

If you are the one who believes that Elon’s reply is proof that he owns Ratcoin, then remember that two years back, Elon also called Ripple his favorite currency. More recently he tweeted that he doesn’t own any Tesla stocks after he divested most of them in 2018.

What is the Ratcoin price?

What is the Ratcoin price
nomics.com

The ratcoin price is $0.000101 according to a recent report. The rat coin price value has gone down rapidly in the past 24 hours.

“I really wanted to cut out the middleman,” Musk said in a recent interview with Hodl Magazine. “Waiting for the value to climb from actual factors was taking way too long, so I decided to optimize the process.”

Where to buy Ratcoin?

Where to buy Ratcoin
webnews21.com

According to the information on the official website, Ratcoin buy is available from the exchanges like Bololex, Freak Exchange, Stake Center, etc.

In case you want to restore the Ratcoin in a physical form in your wallet, and you would be wondering Ratcoin where to buy and how to buy ratcoin, then it is easy to have them from the exchanges independently and easily transfer to your friends. The Rat coin price keeps changing so in case you need to transfer a specific amount, then check the prices prior to the mentioned exchanges.

Freak Exchange

freak exchange crypto
cnbc.com

It is a protective-focused platform for the exchange of cryptocurrencies like Dogecoins and RatCoin. Official websites and the social channels of the exchange are some of the useful platforms to track down additional information from the clients.

Bololex

Bololex
bololex.medium.com

The exchange was brought together as a digital currency exchange in 2020. It is administered through Russia. This platform upholds the cryptographic forms which are too distinctive from the other blockchain exchanges in the market.

Stale Centre

fnlondon.com

State Centre is an enormous exchange option, especially for gamers. The stake center UX isn’t ideally designed as compared to other markets, especially when it comes to players at the casinos. But people are more inclined towards it due to the fastest payout offerings.

Is Ratcoin a Real form of digital currency?

Is Ratcoin a Real form of digital currency
nagricoin.io

As this is one of the recently added digital currencies, people are not taking Ratcoin as a real currency despite the viral attention it gained over the internet. Plus, the rumors of its owner is making people confused about making investments in the Rat coin. This is why there is no clarity about the Ratcoin cryptocurrency which is holding people back from investment. For this, it is suggested to wait for the updates and better news for clarity. 

Ratcoin Specification:

  • Name – Ratcoin
  • Quotes – RAT
  • Maximum Supply – 9,000,000,000 (9 billion)
  • Blocking time – 3 minutes
  • Algorithm – Scrypt POS / POW
  • Premine: 20 % (1.80 billion) – composed of:
  • 4.26% for development (383,228,755,00000)
  • 13.49% for the swap (1214430975m,76010)
  • 2.25% community fund (202.340.269.23991)
  • Staking maturity – 30 blocks ( ~ 1.5 hours)
  • Coinbase maturity 30 blocks
  • Target duration – 1 block
  • Target spacing – 3 minutes
  • Trade confirmation – 30 blocks
  • Rpcport – 19764
  • Pow 0 coins per black up to 200k block

How to buy Ratcoin?

How to buy Bitcoin
forbes.com

Wondering about ratcoin how to buy? Getting involved in cryptocurrencies has never been easier. But first, how to buy Ratcoin?

Step # 1: Register on coin exchange websites

Exchanges are the place where you can purchase Ratcoin currencies. But first, you need to create an account on the website.

Step # 2: Get your BTC address

After the registration, log in to your account and go to your wallet. After that, go to deposit and copy the Bitcoin address provided to use. This step is also useful when you don’t know the Bitcoin Address.

Step # 3: Make a Purchase

 You can buy any available coin on the platform including Rat coin.

Step # 4: Send the BTC to the wallet address you copied

Go to the cryptocurrency exchange, and look for transaction history. On confirming that you have sent the coins to your exchange, click on ‘Markets’ and buy Ratcoins from your exchange. Ratcoins can be easily converted into any other currency.

Endnote

In the end, if you are still confused about the Ratcoin Elon musk association, it is also important to note that if Elon Musk owned the Ratcoin, then it would be much more popular than Litecoin, which he already owns – Some of it!!

But foreseeing the purchasing and accessibility future of the Ratcoin, there would be hardly any other crypto for you and us.