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?
To be honest this is a problem all over the world, after all it is not uncommon for a successful brand to have to fight imitations with similar names or even with the very same name, so while this is without a doubt illegal it is not as if the people behind those projects do really care at all about it because they are thinking on scamming their customers form the beginning, so if anything that is the smallest of their crimes and while this is a problem it is obvious that it is not going to disappear.