Let’s talk about copycat tokens and coins with the same name.
Whenever a popular Meme coin appears, a bunch of copycats with identical or similar names—or names that differ by just one letter—often pop up soon after.
Simply put, token names can be chosen freely, but contract addresses can’t be made 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 tokens called DOGE on-chain.
#DOGE
Whenever a popular Meme coin appears, a bunch of copycats with identical or similar names—or names that differ by just one letter—often pop up soon after.
Simply put, token names can be chosen freely, but contract addresses can’t be made 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 tokens called DOGE on-chain.
#DOGE