Bittime -Launched in March 2023, rats managed to attract the attention of many crypto fans. As a BRC-20 standard token, rats quickly rose to become a popular token on the market. This article will discuss what rats are, how they work, and their uses. Let's take a look!
What are rats (Ordinals)?
Rats is a unique meme token inspired by the most prolific mammal on earth, namely the rat. This token is based on the Ordinal protocol and uses the BRC-20 token standard on the Bitcoin network.
Unlike most tokens that are created with the aim of making it big in the blockchain ecosystem or crypto assets as a whole, rats are meme tokens that are created just for fun.
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How rats (Ordinals) Work
In the midst of creativity and technological progress, the rats token is present through the innovative Ordinal protocol. This crypto project allows users to order, identify, and document digital content in satoshis , Bitcoin's smallest unique, to create unique digital artifacts.
Through the Ordinals protocol, developers can explore various types of content, from text, images, audio, video, to video games, and full code (according to the BRC-20 token standard), into satoshis. This innovation opens the door to the development of a wider range of applications and increases the overall usability of the Bitcoin blockchain.
Ecosystem
Rats' success is largely due to the enthusiasm of its community. As is known, the success of meme tokens often occurs when people come together to have fun and explore blockchain technology. Rats has become a symbol of this spirit, with a growing number of groups supporting its network.
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What Makes Rats Unique?
Rats does not have a whitepaper, official website, or roadmap. However, because it uses the BRC-20 token standard, it is believed that Rats can become a valuable asset in the future.
This BRC-20 token standard is the foundation of RATS, adding an element of rarity and uniqueness to it. Unlike most tokens, rats rely on Bitcoin for minting, transfer, and storage, which not only reinforces its scarce nature, but also shows its potential value in the long term.
Tokenomics
Introduced in early 2023, the Bitcoin Ordinals system quickly caught the attention of the blockchain community. The rats token, which started rolling out on March 11, 2023, and was fully circulated on November 5, 2023, shows the rapid development driven by the Ordinals protocol.
CoinMarketCap data shows that rats have a total token supply of 1 trillion tokens. The lack of official documentation available means that the allocation and distribution of rat tokens is unknown.
As of November 28 2023, rats (Ordinals) were ranked 2200th based on CoinMarketCap data with a market capitalization of IDR 880 billion and a 24-hour trading volume of IDR 145 billion.
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Conclusion
Rats is increasingly popular in the crypto world due to its uniqueness and integration with the BRC-20 token. While there isn't much official documentation, this makes rats interesting as an experiment in the ever-evolving world of cryptocurrencies.
The existence of this token shows the limitless opportunities in blockchain technology and digital creativity. This is an invitation for fans and investors to witness the unexpected story of this meme token, which involves unusual things.
However, as with any investment, the benefits and risks need to be evaluated carefully. Therefore, for those who are interested, it is recommended to seek in-depth information before considering asset investment.
How to Buy Crypto on Bittime
You can buy and sell RATS tokens in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
RATS is available on Bittime in the 100RATS IDR pairing. To be able to buy 100RATS/IDR at Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.
For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy RATS on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What is a Meme Coin and Why is it Popular?
What is the Meme Economy, and What Are Examples Like?
Exploring How to Trade Cryptocurrency: Profit and Risk Management for Trading Success
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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