Guys, this is really important to understand: copycat tokens and tokens with the same name!
Some tokens also ride the hype of popular meme coins by calling themselves a “v2” or “upgraded version,” but they usually have no connection to the original token.
Token names can be made up freely, but contract addresses can’t be faked to match exactly, so checking the address is far more reliable than looking at the name.
When trading on Binance, $DOGE , you don’t need to check the contract address—but there are lots of tokens called DOGE on-chain.
Save this and take a closer look later 👇
Some tokens also ride the hype of popular meme coins by calling themselves a “v2” or “upgraded version,” but they usually have no connection to the original token.
Token names can be made up freely, but contract addresses can’t be faked to match exactly, so checking the address is far more reliable than looking at the name.
When trading on Binance, $DOGE , you don’t need to check the contract address—but there are lots of tokens called DOGE on-chain.
Save this and take a closer look later 👇