Search for a token by name and a whole bunch of tokens with the same name pop up. Which one is the real one?
It’s worth understanding the issue of copycat tokens and tokens with identical names.
Token names can be chosen freely, but contract addresses can’t be forged to be exactly the same, so checking the address is far more reliable than looking at the name.
The market is always uncertain, so decide in advance what you’ll do if you get it wrong.
When trading on Binance, $DOGE , you don’t need to worry about contract addresses. But there are lots of tokens called DOGE on-chain. Currently 0.08389.
#DOGE
It’s worth understanding the issue of copycat tokens and tokens with identical names.
Token names can be chosen freely, but contract addresses can’t be forged to be exactly the same, so checking the address is far more reliable than looking at the name.
The market is always uncertain, so decide in advance what you’ll do if you get it wrong.
When trading on Binance, $DOGE , you don’t need to worry about contract addresses. But there are lots of tokens called DOGE on-chain. Currently 0.08389.
#DOGE