I didn't really understand this stuff when I first started either.
Why are there so many coins with the same name?
Put simply, some tokens claim to be the “second generation” or “upgraded version” of popular meme coins, but they often have nothing to do with the original token.
When checking an address, looking only at the first and last few characters isn't enough; fake addresses may be deliberately generated to match both ends.
When trading on Binance $DOGE , you don't need to worry about contract addresses, but there are many tokens called DOGE on-chain.
It's safer to steer clear of products you don't understand and try them out with a small amount first.
Why are there so many coins with the same name?
Put simply, some tokens claim to be the “second generation” or “upgraded version” of popular meme coins, but they often have nothing to do with the original token.
When checking an address, looking only at the first and last few characters isn't enough; fake addresses may be deliberately generated to match both ends.
When trading on Binance $DOGE , you don't need to worry about contract addresses, but there are many tokens called DOGE on-chain.
It's safer to steer clear of products you don't understand and try them out with a small amount first.
