🐀 The Rat Paper

Rathead documents a linkage between a physical token deposit process and an on-chain allocation schedule. The project’s purpose is archival and thematic: to reference a historical token system using contemporary blockchain primitives.

📜 Abstract

Rathead ($RATHEAD) is an ERC-20 token whose community distribution is thematically linked to the physical collection of legacy Chuck E. Cheese® arcade tokens placed into a physical container ("The Jug"). The project is designed as a cultural and collector-oriented experiment. It does not provide rights, revenue share, or claims on assets.

Rathead ($RATHEAD) is an ERC-20 token on the Base network. The project issues $RATHEAD to participants who mail physical Chuck E. Cheese® tokens (“CEC tokens”) to a designated custodian referred to as “the Jug Keeper.” Physical tokens are stored in a visible container (“the Jug”) and are not redeemable.

The project is presented as a thematic tribute to the historical use of arcade tokens. It does not represent ownership in any enterprise or claim on assets.

infographic Note: Jug not depicted to scale

🧠 Introduction

Rathead links on-chain token issuance to the off-chain deposit of legacy amusement tokens. The aim is to document and reference a discontinued physical token system by mapping physical deposits to a transparent issuance schedule on a public blockchain.

The project is not affiliated with Chuck E. Cheese or CEC Entertainment and makes no claims regarding the current business operations of those entities.

🪙 Tokenomics

  • Ticker: $RATHEAD
  • Total Supply: 1,000,000,000
  • Minting: Complete at genesis; no additional minting planned.
  • Burning: None planned.
  • Rights: Holding $RATHEAD confers no ownership, profits, dividends, governance rights, or claims on the Jug or its contents.

🫙 The Jug

The Jug is a transparent 5-gallon glass container that holds physical CEC tokens contributed by the Jug Keeper and by participants. The contents are observable (e.g., via photographs or counts disclosed by the project) but are not redeemable or claimable by token holders.

  • Access: No redemption mechanism; deposits are one-way.
  • Capacity: Operational target of 100,000 physical tokens across multiple jugs (see Issuance Model).
  • Custody: Solely at the Jug Keeper’s discretion, including storage, handling, and any pauses in accepting deposits.

🧾 Issuance Model

Participants may mail physical CEC tokens to the Jug Keeper. Upon confirmed receipt, $RATHEAD is allocated according to a diminishing-returns reward curve that favors earlier deposits. Issuance applies across a planned series of jugs totaling 100,000 physical tokens.

The Jug Keeper reserves the right to refuse acceptance of, and decline to issue $RATHEAD for, any physical CEC tokens manufactured or first issued in the year 2024 or later. Tokens falling under this restriction will not be returned. This policy is intended to discourage the submission of tokens obtained through unauthorized removal from active Chuck E. Cheese locations or other improper means.

📐 The Formula

$$ \text{\$RATHEAD} = 1{,}000{,}000{,}000 \cdot \sqrt{\frac{\min(T + d, 100{,}000)}{100{,}000}} - 1{,}000{,}000{,}000 \cdot \sqrt{\frac{\min(T, 100{,}000)}{100{,}000}} $$
Variables: T = cumulative physical tokens received to date; d = new physical tokens in the current deposit. Issuance is capped when T reaches 100,000.
Key characteristics:
  • Earlier deposits receive more $RATHEAD per physical token.
  • Total $RATHEAD allocated by this mechanism is capped at 1,000,000,000 (100% of supply).
  • Planned structure: 7 jugs with a target capacity of 14,286 physical tokens each (final jug adjusted to reach 100,000 total).
  • Cooling-off periods between jugs may be applied at the Jug Keeper’s discretion; during these periods, deposits are not accepted and no $RATHEAD is issued.

📊 Jug-by-Jug Payout Schedule

Jug # Tokens in Jug Cumulative Tokens $RATHEAD Issued for Jug $RATHEAD / Token (Jug)
1 14,286 14,286 377,965,902 26,458
2 14,286 28,572 156,560,683 10,959
3 14,286 42,858 120,132,879 8,409
4 14,286 57,144 120,132,879 7,089
5 14,286 71,430 89,226,400 6,246
6 14,286 85,716 80,666,799 5,647
7 14,284 100,000 74,170,757 5,193

💧 Liquidity & Launch

Initial liquidity for $RATHEAD was provided by the Jug Keeper. $RATHEAD is tradable on decentralized exchanges on the Base network. Trading pairs and liquidity depth may change over time at the discretion of independent liquidity providers, including the Jug Keeper.

The project does not commit to maintaining any specific level of liquidity, price, or market activity.

Liquidity for $RATHEAD was originally seeded by The Jug Keeper with the spare change the jug previously held.

$RATHEAD is live and tradable on multiple decentralized exchanges across Base, including:

Pairings may expand in the future, but all liquidity is provided at the whim of the Jug Keeper and may be adjusted without notice.

🧱 Technical Details

$RATHEAD is an ERC-20 token on Base, an Ethereum Layer-2 network.

  • Contract Address (Base): 0xe9314120e3e5bd20342423cf0b25252b91f04be7
  • Standard: ERC-20
  • Network: Base (Ethereum L2)
  • Block Explorer: basescan.org
  • Wallet Compatibility: Ethereum-compatible wallets that support Base (e.g., Coinbase Wallet, MetaMask).

The token is transferable and composable within the Base/Ethereum ecosystem subject to the capabilities and risks of those platforms.

⚖️ Legal & Ethical Disclaimer

  • Rathead is not affiliated with, sponsored by, or endorsed by Chuck E. Cheese or CEC Entertainment.
  • $RATHEAD is intended as a thematic token with no ownership, revenue, dividend, or governance rights. It is not designed to provide profits or claims on assets.
  • Participation is voluntary. Deposits of physical tokens are non-returnable and non-redeemable.
  • No financial, tax, or legal advice is provided. Participants should conduct their own due diligence and comply with applicable laws.
  • All aspects of physical custody (including acceptance pauses) are at the Jug Keeper’s discretion.

🧀 Conclusion

Rathead specifies a deterministic issuance schedule that maps physical token deposits to on-chain allocations under defined parameters and limits. The project is descriptive and thematic, with no implied financial return or entitlement.

Last Updated August 9th, 2025
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