Very disappointing! I wonder why there are so many tokens with the same names on the blockchain network, I have seen so many scammers take advantage of new projects by creating a scam token using those new project names! Many people have already lost money because of this trick [mostly beginners]. If a new project creates its own token and becomes popular, scammers will create a fake token using the original name of the new project! So if beginners do not know how to do in-depth research then it will be easier for them to lose their money by buying fake tokens.
The creators of these blockchain networks have used great knowledge to create these technologies and so far they work perfectly, so why not make an effort to improve them so that they can limit only one name for new tokens to avoid fraud? I think if they can do that it will also help add value to the new project because scammers will no longer have the opportunity to create a fake token using the details of the new one.
What are your thoughts on this?
That's really annoying but we can't avoid the fact that scammer is always everywhere, they are also upgrading themselves and developing to much more capable scammer. That's why we should be careful anytime. If you invest in a project, don't just look on their token names but be sure to check the right contract address of the project because fake/scammer can't make the same contract address with the original project. Always be cautious.