As we can see, there are lots of coins that are being offered in the market every single day. Does every single coins that are in the market really usable in our daily lives? According to Bitcoin.com, the enormous number of tokens existing in the market is currently bringing confusion to the investors. For example, they wanted to invest their money in Quarkchain, but bought the Quark instead. Which is a totally different coin. I know that it is probably the fault of the investors for not double checking the coin, but too much coins in the market also plays a big factor.
Are there any solutions about this problem that we, the users in this forum, can do?
I Have seen a lot of tokens like this. and yes its really confusing to the fact. that sometimes, you could send a different token (from what you thought it is listed) to an exchange.
however, at the end of the day. investors and traders. should really check and do a couple of research before buying and of course the fact it is confusing.
i might say as a member of this forum, we couldnt do anything about the massive volume of new projects. its like 4 or more a day is getting created.
but all we can do is, we could try to educate some investors if given a chance on how to figure out the confusion. and for ourselves too. we could gather our knowledge here at the forum regarding this variety of tokens.
but still we couldnt do anything to stop or lessen the confusion.