RATS is a BRC-20 standard meme token that operates on the Bitcoin blockchain, based on the Ordinal protocol. It was inscribed on March 11, 2023, and by November 5, 2023, it had fully circulated. RATS is a meme token designed mainly for fun, inspired by the rat, considered the most prolific mammal on earth. The Ordinals protocol allows users to inscribe various types of digital content into Bitcoin’s smallest units, satoshis. RATS serves as a symbol of community enthusiasm and spirit in exploring blockchain technology. Its success is attributed to the collective participation of people who enjoy the fun aspect of meme tokens. However, there isn’t much official documentation or a whitepaper outlining specific use cases or future plans for RATS. Its role primarily remains as a meme token, an experiment within the evolving cryptocurrency space that emphasizes the potential for digital creativity and blockchain technology applications.
