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Who Owns RatCoin: Is It Really Elon Musk Or Someone Else?

You must be wondering who owns RatCoin? And why has it taken over the crypto world with a storm? Read the article to know everything about RatCoin.

For many centuries, man has used money or exchanged goods physically to gain something, but the digital world has turned it virtual. With the advancement in digital technology, the blockchain industry is the new form of buying and selling things.

The complete transformation of the currency market has brought interest in the trading community. While millions of people spent their money on stock trading and investment, few people made investments in the Blockchain industry and became millionaires overnight. Now one crypto coin is worth thousands of dollars, and millions of traders have spent almost all of their savings to gain profit from the crypto market.

The blockchain industry consists of many cryptocurrencies. You might have heard of Bitcoin or Ethereum being two big cryptocurrency markets in the world. Now RatCoin has taken over the crypto world. The sudden interest and the demand for this coin have made many people curious why it is so valuable and who owns RatCoin.

If you are looking for investment opportunities in the cryptocurrency market, you should know about the latest biggest cryptocurrency: RatCoin. Here is a complete guide to knowing what RatCoin is and who owns RatCoin:

What is cryptocurrency?

Before we jump into the details about who owns RatCoin, you must know the basic stuff about the crypto world. This is especially important for people who are thinking of becoming professional traders.

So, what really is a cryptocurrency, and why it has taken over the world by storm. Cryptocurrency is basically any form of currency that exists in a digital form. The exchange takes place on a virtual platform, and all users own this currency virtually. They are part of a decentralized system in the blockchain platform where all the transactions happen.

Crypto does not require any bank verification because it is independent of the usual transaction. To add more, you can take out money physically. The usual currency market is private and personal. Compared to that the Crypto market has a public ledger that feeds every transaction in a digital form.

There are digital wallets where cryptocurrency is kept. Each user has their own encryption key that can be used to access the wallet and do transactions. This key is considered to be one of the safest ways to keep wealth and do transactions because it uses encryption as security.

In short, a cryptocurrency is a digital form of currency that is used to do transactions between two or more parties. Some cryptocurrencies are Bitcoin Cash, Ethereum, Litecoin, Cardano, RatCoin, Polkadot, Dogecoin, etc.

How does cryptocurrency work?

Now that you know the basic definition of cryptocurrency, you should know about the famous crypto market that everyone is crazy about.

The first step to becoming a trader is understanding how cryptomarket works carefully. It is crucial to know how it works before knowing who owns RatCoin.

Cryptocurrency transactions take place in a public ledger called a blockchain; all the database is present on this platform. Every currency holder has a name and transaction history mentioned on this ledger. Cryptocurrency is in the form of units that are formed through a process called minting. When a person puts money in the wallet through minting, it means that the platform performs mathematical equations to convert them into digital coins.

You have cryptocurrency in your wallet with an encryption key. This key holds every access to the user’s wallet, so it is important to keep it safe. If the key gets lost, the user loses their ownership of the wallet.

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What is RatCoin(RAT)?

RatCoin or RAT coin is a cryptocurrency that was launched recently in the crypto market. It has become one of the latest cryptocurrencies with a lot of demand. It 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. It indulges users in having fun while investing and earning good profit.

RatCoin goes with the Ticker: RAT and takes about 3 minutes in block time. According to the developers of RatCoin, the cryptocurrency has recorded about 9 billion of max supply, making it one of the largest coins in the world.

Other important details include:

-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 timespan: 1 block

-Target spacing: 3 minutes

-Pow 0 coins per block till block 200k

-Transaction confirmations: 30 blocks

-rpc port=19764

Who owns RatCoin?

With the increasing popularity of RatCoin in the crypto world among traders, everyone is wondering who owns RatCoin?

During the initial release of RatCoin, there was a widespread Twitter rumor about who owns RatCoin. People believed that Tesla CEO Elon Musk owns RatCoin. When, in reality, it is completely false. 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 yet to be announced 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 Network stated, “everyone… WE WISH ELON MUSK CREATED AND OWNED RATCOIN…But he doesn’t…yet.”

If someone asks you who owns RatCoin, you can confidently say that the owner is unknown, but it is not Elon Musk.

RatCoin price

RatCoin has some worth in the crypto market. Most people who buy RAT are those who have extra money or have some insider news about the increase in value. RatCoin is relatively new, so only expert traders are interested in buying it.

The current value of 1 RAT is around $0.000109 90.58% based on the 24hr time. This is quite low compared to other cryptocurrencies, but it is new in the market, and people hesitate to buy it in case of a risk.

How to buy RatCoin

According to the official website of RatCoin, you can buy RatCoin through exchanges. The exchanges offer rates to users and cryptocurrency owners to buy or sell their coins on the platform.

There are no complicated steps or formal rules to buying RatCoin. You simply make an account in one of the exchanges, 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, cryptocurrency also fluctuates on a daily basis, so the exact buying rate or selling rate is determined by the condition of the market.

Fund system

According to the one who owns RatCoin, there are two fund systems offered by the platform for its users namely: Development Fund and Community Fund. These fund systems are designed to ease the transaction of digital cash.

Development fund

Development fund by RatCoin offers the facility for users to create their digital wallet, which can be used to transfer funds anywhere they want to. The RatCoin supports the cost for mobile wallets exchange listings, wallet creation, updates, and others to develop the currency for the users.

Development fund goes through staking to create a worth for RatCoin for twenty-four hours.

Community fund

RatCoin also has a Community fund where the funds are used to develop and involve various transactions regarding airdrops, contests, bounties, bonus offers, etc. The main aim of this fund is to increase social consciousness for RatCoin through continuous interest change.

This fund, like a development fund, goes through the staking process for the growth of users’ RatCoin.

Staking

Staking is a process in cryptocurrency and RatCoin 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. The more you stake, the more rewards you will receive.

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.

Where to trade RatCoin

Now that you know what RatCoin is and who owns RatCoin, you might be curious where to buy RatCoin. Like other cryptocurrencies, this cryptocurrency also requires users to be part of a certain platform.

For RatCoin, according to the developers, you can trade RatCoin on, Bololex, Cratex Exchange, and Stake Center. These three are crypto exchange centers that anyone can access in the world from anywhere with the internet.

You just need a wallet with RatCoin cryptocurrency, and then you can easily do transactions with parties and individuals to buy, sell, and trade on three crypto exchanges.

Bololex

Bololex is a type of crypto exchange center that offers the best services to users. With low fees and various funding options, it is considered to be one of the best places to trade RatCoin.

This exchange is especially recommended for beginners because of its easy access and user-friendly browsing. If you are new to trading, you can choose to trade RatCoin through Bololex.

Currently, the 24H trade volume of RatCoin or RAT in the Bololex exchange market is $427.76. You can trade in pairings for RAT/USDT, RAT/LTC, RAT/DOGE, RAT/XLM, and RAT/TRX.

Cratex Exchange

Cratex Exchange offers one of the best rates for exchange. Any new user can easily browse through the market and see the current status of their cryptocurrency. You can trade RatCoin on the platform for a good price.

Through this platform, you can buy and sell coins without any complications. For RatCoin, you can trade with pairing RAT/DOGE.

Stake Center

Stake Center is also a cryptocurrency exchange that has a very low fee and no maintenance fee. It stores coins in the safest way possible and does not use a hot wallet to keep cryptocurrency.

Stake Center offers a voting system, a list where you can vote for your favorite cryptocurrency. The website recommends staking coins on the pool.

What can you buy with RatCoin?

Now that you know who owns RatCoin, you can use it to buy a couple of things. Since RatCoin is an approved cryptocurrency, it is easier to purchase things using it.

RatCoin or any other cryptocurrency is valuable because it is accepted as a payment method by many big luxury brands; therefore, you can buy whatever you want to.

You can buy cars, luxury watches, and other big branded items with cryptocurrency. It depends on the company whether they accept cryptocurrency as a payment method or not. Recently, there has been an environmental awareness campaign against cryptocurrencies, so many companies have withdrawn the payment method. Elon Musk’s company Tesla also announced they would not accept payment in cryptocurrency because of this reason.

But there are still many options to buy through cryptocurrency like Gambling sites. If your country has made gambling legal, then you can use your wallet to play gambling games. Furthermore, with the popularity and rise in demand for cryptocurrency in the market, some real estate agencies might also accept RatCoin depending on their interest.

Another option for RatCoin members can be to buy other cryptocurrencies. Many people invest their money in different crypto markets to earn a profit, and you can do it with RatCoin too. If you see any new or old cryptocurrencies that can be valuable with time, then you can buy them.

Since RatCoin is a new cryptocurrency, only a few people might own it and use it in exchange for something. You should check whether they will accept it or not before making the payment.

Different types of cryptocurrencies

Now that you know all the information about RatCoin or who owns RatCoin, you should know some of the famous cryptocurrencies that have taken over the world by storm. Knowing about these cryptocurrencies will give you an idea of where the RatCoin stands and whether it is worth investing your money in.

Here are some of the famous cryptocurrencies worldwide:

Bitcoin(BTC)

Bitcoin is known as the first cryptocurrency to ever exist in the world. During the initial years of the crypto market, there was only cryptocurrency that could be bought and sold, which was Bitcoin. Created by Satoshi Nakamoto, it was the first decentralized system that used blockchain technology to operate virtually.

Now, 1 BTC or Bitcoin is worth 43,370.20 USD. The price keeps fluctuating depending upon the market condition. People who invested even one dollar or fifty dollars in the market initially are now billionaires because of the increase in value for Bitcoin.

Ethereum(ETH)

The second most popular cryptocurrency is Ethereum. Although Ethereum is considered to be a blockchain platform where people can buy, sell, or trade cryptocurrencies, the ether or ETH coin is also known for being a valuable cryptocurrency.

Ethereum was launched as a proper platform with ether coins by Vitalik Buterin in 2015. Many people who cannot afford to buy Bitcoin invest their money in ether coins. Furthermore, the ETH coin is considered more valuable because you can buy NFTs and other things through this cryptocurrency more than through Bitcoin.

The current value of 1 ETH coin is worth 2,931.73 USD. This coin’s worth keeps increasing day by day as more people invest in it and the changing market trends align in favor of ETH.

Litecoin(LTC)

Litecoin is one of the biggest cryptocurrencies that used to rival Bitcoin for being a valuable investment. Based on the current market trend, 1 LTC is worth 112 USD. According to the owner and founder of Litecoin, Charlie Lee, this coin was mainly derived from Bitcoin as a lite version. Compared to Bitcoin, it has low supply and maintenance costs, and it promises to bring profit to the traders. However, with the increasing competition among different types of cryptocurrencies, Litecoin has dropped in value in the market.

Many new traders begin their careers by investing in this cryptocurrency because of its stability in the market.   People who do not have a huge sum of money can still buy this cryptocurrency because it is a legit source of buying, selling, and trading in the crypto market.

Cardano(ADA)

When you don’t have enough money to buy a Bitcoin or ETH coin, then you can choose to buy Cardano. This type of cryptocurrency is operated on its own platform called Cardano. After the launch of ether coin, Cardano is considered to be the third-generation cryptocurrency that facilitates individuals in investment and trading on the cryptocurrency platform.

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Charles Hoskinson owns Cardano, and it went live as a proper cryptocurrency in 2015. Cardano’s worth can be calculated by analyzing the market trends. People who choose to buy ADA coins have expressed satisfaction with the value it holds.

Currently, the worth of each ADA coin is about 0.97 USD, which is quite low and easily affordable for young individuals who are looking for investment opportunities. Buy your own ADA coin today through Cardano’s official blockchain platform.

Dogecoin(DOGE)

Like RatCoin, Dogecoin was also made for fun, basically after a dog meme. The popular use of this meme on various social media platforms, mostly Twitter, Facebook, and Instagram, made Dogecoin a valuable cryptocurrency.

This type of cryptocurrency spiked interest in social media users and most of them bought it for the sake of the hype. However, more than just being a meme-inspired coin, DOGE is now worth 0.13 USD. The developers of Dogecoin, Billy Markus and Jackson Palmer, have also shared that they created this coin as a “joke,” but now it is valuable in the crypto market.

RatCoin review

The worth of the cryptocurrency is not determined by who owns RatCoin, rather by its market performance. Crypto review blogs consist of detailed analyses and updates about RatCoin. According to many experts and review blogs, RatCoin is a new cryptocurrency that might be risky for most people, especially if they are new traders.

People who invest or buy RatCoin are mostly those who have insider news about the trends in the market; for others, it can prove to be a loss for being new in the market. RatCoin is also not recommended for everyday transactions because not everyone has cryptocurrency as a way for transactions. So, for example, if you want to transfer funds to a remote region, you cannot use your RatCoin funds to fulfill the transaction.

To enter the cryptocurrency market, one needs to know the latest trends. Trading and investment knowledge are required in order to make sure you invest right in RatCoin. Therefore, reviews recommend only expert traders or those who want to invest for fun.

The RatCoin Network aims to accomplish their simple goal: deploy a fun coin that will ever infest your life.

Conclusion

After reading the article, you might be fully aware of what RatCoin is and who owns RatCoin. As mentioned before, the actual owner of RatCoin is not revealed to the world, and we are hoping to know about the founder of RatCoin soon. However, it should be clear Elon Musk doesn’t own RAT as most people believe.

The developers of RatCoin haven’t given any news whether they plan to reveal the real owner or not. But keep an eye on their official Twitter account or website for the latest announcements. Who knows, they might drop the bomb suddenly!

Till then, keep up with the fast-paced blockchain technology-driven crypto world, which is the future of trade and investment on a virtual level.