Meme | Why can multiple coins have the same name?
On-chain, anyone can create a token using the same name and ticker. Having the same ticker doesn’t mean they’re the same token.
Copycat tokens ride on the popularity of well-known names. Once people buy the wrong token, its creators may pull liquidity or sell off their holdings all at once, and buyers usually have little chance of recovering their funds.
When trading $DOGE on Binance, you don’t need to worry about contract addresses. But there are many on-chain tokens called DOGE. Current price: 0.08471.
If you’re unfamiliar with something, it’s safer to stay away or practice with a small amount.
#DOGE
This is not investment advice in any form. You are responsible for any gains or losses.
On-chain, anyone can create a token using the same name and ticker. Having the same ticker doesn’t mean they’re the same token.
Copycat tokens ride on the popularity of well-known names. Once people buy the wrong token, its creators may pull liquidity or sell off their holdings all at once, and buyers usually have little chance of recovering their funds.
When trading $DOGE on Binance, you don’t need to worry about contract addresses. But there are many on-chain tokens called DOGE. Current price: 0.08471.
If you’re unfamiliar with something, it’s safer to stay away or practice with a small amount.
#DOGE
This is not investment advice in any form. You are responsible for any gains or losses.