Meme | Why can several coins have the same name?
The most reliable way to identify an on-chain token is by its contract address, called a Mint address on Solana.
Token names can be anything, but contract addresses can’t be forged to be exactly identical, so checking the address is far more reliable than looking at the name.
When trading on Binance, $DOGE , you don’t need to worry about contract addresses—but there are countless on-chain tokens called DOGE.
There are always surprises in the market, so decide in advance what you’ll do if you’re wrong.
The most reliable way to identify an on-chain token is by its contract address, called a Mint address on Solana.
Token names can be anything, but contract addresses can’t be forged to be exactly identical, so checking the address is far more reliable than looking at the name.
When trading on Binance, $DOGE , you don’t need to worry about contract addresses—but there are countless on-chain tokens called DOGE.
There are always surprises in the market, so decide in advance what you’ll do if you’re wrong.