The world of cryptocurrency is ever-changing. It is fast-moving. The demand for this is continuously increasing. Everybody seems to want a piece of it.
However, those interested in mining cryptocurrency should know that it possesses a volatile nature. Hence, it can be difficult to manage.
Keeping up with new cryptocurrencies and their trends is also very laborious task. But we got you covered and guided. One of today’s most popular cryptocurrencies is RatCoin.
RatCoin is relatively new in the crypto world, and there are a lot of questions about it, such as whether it is really owned by Elon Musk or not. Scroll down to find everything you need to know about RatCoin, including where to buy the cryptocurrency.
What Is RatCoin?
RatCoin is a cryptocurrency that was said to have been created as a fun coin. It has also been said that the motive of this coin is “to infest your life in a fun way” – similar to a meme – hence, its name.
It is based on the Litecoin codebase and can be a great coin to kick off your crypto journey, as it is a fun coin that can help you learn more about the crypto world. It was created in 2018.
However, RatCoin got famous recently because of the keen interest shown by Elon Musk on Twitter. This resulted in wild speculations that he actually owns RatCoin. Well, as per the company, RatCoin takes three minutes of block time, and its max supply is set at nine billion.
Does Elon Musk Own RatCoin?
As per official records, the founder of RatCoin is still unknown to the public. However, there are controversies surrounding this crypto coin, saying that it is founded by Tesla and SpaceX CEO and one of the wealthiest men in the world, Elon Musk. However, RatCoin has made a statement on Twitter that this rumor is false.
RatCoin tweeted in April 2021, “For the last time everyone… WE WISH ELON MUSK CREATED AND OWNED RATCOIN…But he doesn’t…yet. ratcoin.network #ratcoin #Crypto #ElonMusk”
If Elon Musk Is Not The Owner Of RatCoin, Who Is?
The real owner of RatCoin is yet to be revealed by the management. Look back and find out that RatCoin itself announced it is nowhere related to Tesla CEO Elon Musk.
So, if someone asks you who owns RatCoin, you can confidently say that the owner is unknown, and it is not Elon Musk.
Where To Buy RatCoin
As updated by RatCoin’s official website, you can buy RatCoin at crypto exchanges such as Freak Exchange and Stake Centre.
However, you can also independently use RatCoin if you store RatCoin in a physical wallet, and even share it with your friends and family. The price of RatCoin typically fluctuates, so you would need to check on the exchanges you learned about above.
Note, though, that you must do thorough research on every cryptocurrency you invest in.
In Conclusion
People cannot treat RatCoin as a “serious” cryptocurrency because it has only been introduced recently. Nevertheless, the introduction of RatCoin has left people with many doubts, especially with uncertainties about its owner.
There is no clarity on whether the owner of this coin will reveal themself soon. Plus, how to buy RatCoin is still confusing in some countries. Therefore, it is tough to decide whether to invest in such a cryptocurrency or not.
If you have read this article, the chances are high that after learning about this cryptocurrency, you would want to find out who its owner is. However, the developers of RatCoin themselves have not given any news about whether they are revealing the real owner or not. But we are hoping for an announcement.
While it may seem like a novelty coin, RatCoin still has several unique features that could make it a valuable investment.
