Re: Is there a fake coin?

there is, now we can make two coins with the same symbol but the contract address is different
Now the ID of a coin is a contract address (if in Ethereum)
make sure the coin contract address that you have, must be the same as the contract address that the relevant coin developer informs, so that it can be deposited in the exchange

Yes it is, when we're not see this correctly, it will certainly trap us. While there are now a lots of new shit coins in the market that don't have a good dev team background. Maybe we can makes an addition a fake coin symbol on their main coin symbol which uses the same name ID as the another previous coin Cheesy

There's a quite not seen difference about this thread, fake coin is such a coin that does not exist or to be simple " a scam project". Which is different to a existing coins but has a low value or near to be useless "named shitcoins". Shit coins is existing but the real product or the service are too slow to develop or mostly they don't want to develop it at all. All they want is the money from investing, which is turn to a disaster. But like I said, that is not a fake coin.

So many ways if people want to get rich quickly through crypto and that's one of them. Create coin and website then wait for investors to get the bait. So you assume it was scam coin instead fake coin. Yes that is what matches what you mean, indeed it's have no difference.