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?
New people who got tricked by this cheap trick will learn an experience that they always have to be careful doing transaction in crypto space. We all know creating new coins is really easy and the name could be similiar but the contract address won't be the same and must be unique. This kind of scam is easy to avoid, sometimes there are more rude scam like hacking or pasteing wrong address because we've got virus on our computer. So stay safe because bad guys is everywhere in crypto