Rats is a memecoin project built on Bitcoin Ordinals, a digital asset protocol available on the Bitcoin blockchain. Ordinals essentially allow users to inscribe data onto BRC-20 tokens – Bitcoin’s equivalent of ERC-20 tokens. Like many other memecoins, RATS lacks a clear function and was released without a whitepaper – rather, gaining momentum through a social media presence and growing community.
There are 1 trillion RATS tokens in circulation.