Altcoin with same token symbol - advice needed

Octc76

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Quote from: Jednopivo on May 05, 2018, 03:21:18 PM

Hello,

I have joined two bounty campaigns but they both have the same token symbol and I provided both with the same wallet address (as I didn't realise at the time), so what should I do? Create another wallet address and once I get paid one lot of tokens - transfer it over to the new wallet, and then receive the next amount, or is there another way? I have taken a look at MEW but I couldn't find any answers to resolve this issue.

Thank you.

in my opinion, if you are confused about the tokens symbol, we can check it in etherscan by finding smart contract then search. that way, we will not be mistaken in knowing tokens.

Kaller

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It really is not a big deal and if you get paid to the same address the tokens will just seperate themselves in the wallet to their respective projects due to the smart contracts not being the same because despite the fact that they have the same symbol does not mean that they have the same project and coin. If you want you could make another address but it is not a problem.

labake

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That shouldn’t be a problem at all, if tey both have same symbol, they will never have same contact address. It’s not even necessary you creating another wallet because they have same symbol. All you have to do is to check the contract addressfor both and you will never be confused. Simple as ABC

rarg

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The revolutionary trading ecosystem

Quote from: Jednopivo on May 05, 2018, 03:21:18 PM

Hello,

I have joined two bounty campaigns but they both have the same token symbol and I provided both with the same wallet address (as I didn't realise at the time), so what should I do? Create another wallet address and once I get paid one lot of tokens - transfer it over to the new wallet, and then receive the next amount, or is there another way? I have taken a look at MEW but I couldn't find any answers to resolve this issue.

Thank you.

You don't have to worry about that. Usually, the token has a unique smart contract.
So you can differentiate it using the smart contract. Create another wallet is optional, but I think you could waste your gas to transfer it.

akashark

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No problem. Because their symbol can be same not contract address. Like cybermiles and comet, both have the same symbol CMT. Like eristica and eternal trust both have the same symbol ERT. I Asked them that how can be it possible or good thing? They replied we have different smart contract address. So, No problem. You can add token on myetherwallet manually.

Jednopivo

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Quote from: sehoon on May 14, 2018, 07:07:56 PM

Quote from: Jednopivo on May 05, 2018, 03:21:18 PM

Hello,

I have joined two bounty campaigns but they both have the same token symbol and I provided both with the same wallet address (as I didn't realise at the time), so what should I do? Create another wallet address and once I get paid one lot of tokens - transfer it over to the new wallet, and then receive the next amount, or is there another way? I have taken a look at MEW but I couldn't find any answers to resolve this issue.

Thank you.

I don't think you have to join another campaign. Because when you use etherscan, you already can see the values of your coin and when you check it in the sites like coinmarketcap, you can already know which is which. And why are you having difficulties? Are you afraid of pulling out some money and ended up you pull up in the wrong coin? If yes, just double check it whenever you're going to major cryptocurrency exchanges.

It wasn't actually possible to add two with the new symbol - however, another BCT forum member has suggested some things so all good. Than you for you time and help.

Jednopivo

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Quote from: jhenfelipe on May 14, 2018, 06:59:34 PM

Quote from: Jednopivo on May 09, 2018, 07:16:20 AM

Quote from: jhenfelipe on May 08, 2018, 07:31:24 PM

You did it right. I've searched those tokens' contract addresses and decimals to try and got the same error. I found out that the tokens I've used to test were already in MEW's default token list that's why it worked just fine. So yours is a different case.

Disregarding the use of a new wallet, I came up with two options for you:

1. Don't add the tokens as custom in your wallet yet. Not adding them doesn't mean that they will not be received nor will be mixed, so no worries. Why not wait for them to be one of the default tokens? (The dev/team should request for that) You can just check your address on eth block explorers (like etherscan or ethplorer) to see if you receive them. Since these tokens are new, most likely they are not yet present in exchanges, which also mean that you will not use them ATM.

** You mentioned that you already added one INV, it's fine if you let it still. You're able to delete it as well if you like, as long as it is not yet a default token.

2. Change the symbol of one token when you add it as a custom token. Someone on reddit mentioned that he tried it and went through. Though I'm not sure if it will be just fine because I have not tried it. Maybe you'll just get confused when the token become a default one, most likely will have a double record, like this one.

I'll definitely go option 1 as I think it makes sense to wait until one of them becomes default. Even if neither of them are made default, as you say at least I can check that I have received them on etherscan or ethplorer.

Not sure I want to add it as the person in Reddit it - I'd probably end up forgetting what it is.

A massive thank you for taking the time to help me with this. I'd flourish you with merit points if I had any.

Best, Jednopivo

No worries! Good choice, that's easier and safer to do at the moment.

In addition, I suggest you to not unlock your wallet frequently. Phishing sites are everywhere, so if you are not planning to make any transaction and only want to check your balance, just use a block explorer or in MEW > View Wallet Info > View w/ Address Only (that way you don't need to input your private key / give your keystore file).

Yes, phishing sites are a real threat to everyone. I'm not planning to do anything as yet, so I'll just check my balance as you suggest - thank you!

rmyles25

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This is surely bound to happen as we keep on getting new tokens almost everyday. To some though especially newbies in the crypto community, this could be confusing.

sehoon

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Quote from: Jednopivo on May 05, 2018, 03:21:18 PM

Hello,

I have joined two bounty campaigns but they both have the same token symbol and I provided both with the same wallet address (as I didn't realise at the time), so what should I do? Create another wallet address and once I get paid one lot of tokens - transfer it over to the new wallet, and then receive the next amount, or is there another way? I have taken a look at MEW but I couldn't find any answers to resolve this issue.

Thank you.

I don't think you have to join another campaign. Because when you use etherscan, you already can see the values of your coin and when you check it in the sites like coinmarketcap, you can already know which is which. And why are you having difficulties? Are you afraid of pulling out some money and ended up you pull up in the wrong coin? If yes, just double check it whenever you're going to major cryptocurrency exchanges.

jhenfelipe

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Activity: 1372

Merit: 647

Quote from: Jednopivo on May 09, 2018, 07:16:20 AM

Quote from: jhenfelipe on May 08, 2018, 07:31:24 PM

You did it right. I've searched those tokens' contract addresses and decimals to try and got the same error. I found out that the tokens I've used to test were already in MEW's default token list that's why it worked just fine. So yours is a different case.

Disregarding the use of a new wallet, I came up with two options for you:

1. Don't add the tokens as custom in your wallet yet. Not adding them doesn't mean that they will not be received nor will be mixed, so no worries. Why not wait for them to be one of the default tokens? (The dev/team should request for that) You can just check your address on eth block explorers (like etherscan or ethplorer) to see if you receive them. Since these tokens are new, most likely they are not yet present in exchanges, which also mean that you will not use them ATM.

** You mentioned that you already added one INV, it's fine if you let it still. You're able to delete it as well if you like, as long as it is not yet a default token.

2. Change the symbol of one token when you add it as a custom token. Someone on reddit mentioned that he tried it and went through. Though I'm not sure if it will be just fine because I have not tried it. Maybe you'll just get confused when the token become a default one, most likely will have a double record, like this one.

I'll definitely go option 1 as I think it makes sense to wait until one of them becomes default. Even if neither of them are made default, as you say at least I can check that I have received them on etherscan or ethplorer.

Not sure I want to add it as the person in Reddit it - I'd probably end up forgetting what it is.

A massive thank you for taking the time to help me with this. I'd flourish you with merit points if I had any.

Best, Jednopivo

No worries! Good choice, that's easier and safer to do at the moment.

In addition, I suggest you to not unlock your wallet frequently. Phishing sites are everywhere, so if you are not planning to make any transaction and only want to check your balance, just use a block explorer or in MEW > View Wallet Info > View w/ Address Only (that way you don't need to input your private key / give your keystore file).

Jednopivo

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Activity: 378

Merit: 2

Quote from: jhenfelipe on May 08, 2018, 07:31:24 PM

Quote from: Jednopivo on May 08, 2018, 04:09:20 PM

Quote from: jhenfelipe on May 07, 2018, 04:52:30 PM

Quote from: Jednopivo on May 07, 2018, 08:07:17 AM

I need to add both of the tokens (as customised tokens) with the same symbol but MEW only allows me to add one, even thought they have different contract address and decimal number. So, as far as I can see I can only add one of them.

Could you please share what tokens are you trying to add so we can check? I just tried with SMT. There are two SMT available, so I tried to add them as custom token in MEW and it just works fine. I even found out that there's one default token with the same symbol, so I'm seeing 3 on the list after adding the 2.

Hey, thank you so much for getting back to me.

So, both tokens have the symbol INV. I cannot see this set as default on MEW, and I just tried to add both, but I could only add one. The message says something like unable to add a custom token with the same symbol as an existing custom token. I'm clicking the "add custom" token button - that's right? (just in case I'm doing something wrong here?)

You did it right. I've searched those tokens' contract addresses and decimals to try and got the same error. I found out that the tokens I've used to test were already in MEW's default token list that's why it worked just fine. So yours is a different case.

Disregarding the use of a new wallet, I came up with two options for you:

1. Don't add the tokens as custom in your wallet yet. Not adding them doesn't mean that they will not be received nor will be mixed, so no worries. Why not wait for them to be one of the default tokens? (The dev/team should request for that) You can just check your address on eth block explorers (like etherscan or ethplorer) to see if you receive them. Since these tokens are new, most likely they are not yet present in exchanges, which also mean that you will not use them ATM.

** You mentioned that you already added one INV, it's fine if you let it still. You're able to delete it as well if you like, as long as it is not yet a default token.

2. Change the symbol of one token when you add it as a custom token. Someone on reddit mentioned that he tried it and went through. Though I'm not sure if it will be just fine because I have not tried it. Maybe you'll just get confused when the token become a default one, most likely will have a double record, like this one.

I'll definitely go option 1 as I think it makes sense to wait until one of them becomes default. Even if neither of them are made default, as you say at least I can check that I have received them on etherscan or ethplorer.

Not sure I want to add it as the person in Reddit it - I'd probably end up forgetting what it is.

A massive thank you for taking the time to help me with this. I'd flourish you with merit points if I had any.

Best, Jednopivo

annmhie0904

newbie

Activity: 196

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There will be no issue. They only have same token symbols but they are not the same contract address which a way to differentiate their token value. So no need to create a new mew. Just don't be confused too for the 2 tokens. Especially when you try to deposit them to an exchanges. Because you will lost them if you have mistaken. Always double check the contract address before you do the transaction.

jhenfelipe

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Activity: 1372

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Quote from: Jednopivo on May 08, 2018, 04:09:20 PM

Quote from: jhenfelipe on May 07, 2018, 04:52:30 PM

Quote from: Jednopivo on May 07, 2018, 08:07:17 AM

I need to add both of the tokens (as customised tokens) with the same symbol but MEW only allows me to add one, even thought they have different contract address and decimal number. So, as far as I can see I can only add one of them.

Could you please share what tokens are you trying to add so we can check? I just tried with SMT. There are two SMT available, so I tried to add them as custom token in MEW and it just works fine. I even found out that there's one default token with the same symbol, so I'm seeing 3 on the list after adding the 2.

Hey, thank you so much for getting back to me.

So, both tokens have the symbol INV. I cannot see this set as default on MEW, and I just tried to add both, but I could only add one. The message says something like unable to add a custom token with the same symbol as an existing custom token. I'm clicking the "add custom" token button - that's right? (just in case I'm doing something wrong here?)

You did it right. I've searched those tokens' contract addresses and decimals to try and got the same error. I found out that the tokens I've used to test were already in MEW's default token list that's why it worked just fine. So yours is a different case.

Disregarding the use of a new wallet, I came up with two options for you:

1. Don't add the tokens as custom in your wallet yet. Not adding them doesn't mean that they will not be received nor will be mixed, so no worries. Why not wait for them to be one of the default tokens? (The dev/team should request for that) You can just check your address on eth block explorers (like etherscan or ethplorer) to see if you receive them. Since these tokens are new, most likely they are not yet present in exchanges, which also mean that you will not use them ATM.

** You mentioned that you already added one INV, it's fine if you let it still. You're able to delete it as well if you like, as long as it is not yet a default token.

2. Change the symbol of one token when you add it as a custom token. Someone on reddit mentioned that he tried it and went through. Though I'm not sure if it will be just fine because I have not tried it. Maybe you'll just get confused when the token become a default one, most likely will have a double record, like this one.

Jednopivo

jr. member

Activity: 378

Merit: 2

Quote from: jhenfelipe on May 07, 2018, 04:52:30 PM

Quote from: Jednopivo on May 07, 2018, 08:07:17 AM

I need to add both of the tokens (as customised tokens) with the same symbol but MEW only allows me to add one, even thought they have different contract address and decimal number. So, as far as I can see I can only add one of them.

Could you please share what tokens are you trying to add so we can check? I just tried with SMT. There are two SMT available, so I tried to add them as custom token in MEW and it just works fine. I even found out that there's one default token with the same symbol, so I'm seeing 3 on the list after adding the 2.

Hey, thank you so much for getting back to me.

So, both tokens have the symbol INV. I cannot see this set as default on MEW, and I just tried to add both, but I could only add one. The message says something like unable to add a custom token with the same symbol as an existing custom token. I'm clicking the "add custom" token button - that's right? (just in case I'm doing something wrong here?)

fadlyzuld

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The problem of multiple cryptocurrency with the same code name will firstly cause confusion to investors, if it is a good and thorough project, I think before they plan ICO has to consider this.

AlanShlafter

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Quote from: Jednopivo on May 05, 2018, 03:21:18 PM

Hello,

I have joined two bounty campaigns but they both have the same token symbol and I provided both with the same wallet address (as I didn't realise at the time), so what should I do? Create another wallet address and once I get paid one lot of tokens - transfer it over to the new wallet, and then receive the next amount, or is there another way? I have taken a look at MEW but I couldn't find any answers to resolve this issue.

Thank you.

Don't worry, two different tokens do not get mixed since they have different properties like smart contracts. You don't need to change your wallet.

clickerz

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Quote from: jhenfelipe on May 05, 2018, 05:28:11 PM

If you're worried that the balances of the two tokens will be mixed, it will not, so you don't need to do anything. As long as they have different token contract addresses, it will be separated. Just don't be confused when the time comes that you need to send them on exchanges.

jhenfelipe

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Activity: 1372

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Quote from: Jednopivo on May 07, 2018, 08:07:17 AM

I need to add both of the tokens (as customised tokens) with the same symbol but MEW only allows me to add one, even thought they have different contract address and decimal number. So, as far as I can see I can only add one of them.

Could you please share what tokens are you trying to add so we can check? I just tried with SMT. There are two SMT available, so I tried to add them as custom token in MEW and it just works fine. I even found out that there's one default token with the same symbol, so I'm seeing 3 on the list after adding the 2.

Jednopivo

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Activity: 378

Merit: 2

Quote from: Psynthax on May 05, 2018, 05:31:40 PM

Quote from: Jednopivo on May 05, 2018, 03:21:18 PM

Hello,

I have joined two bounty campaigns but they both have the same token symbol and I provided both with the same wallet address (as I didn't realise at the time), so what should I do? Create another wallet address and once I get paid one lot of tokens - transfer it over to the new wallet, and then receive the next amount, or is there another way? I have taken a look at MEW but I couldn't find any answers to resolve this issue.

Thank you.

You should not need to create another new wallet. You just need to make it a little bit different i guess from the sentences and change the word a little bit and make it different. But if you are not interesting to changing the name and it will be fine as long as you know that the contract address of every token. But create a new address can become an alternative way.

I need to add both of the tokens (as customised tokens) with the same symbol but MEW only allows me to add one, even thought they have different contract address and decimal number. So, as far as I can see I can only add one of them.

metalglowd

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Quote from: Jednopivo on May 05, 2018, 03:21:18 PM

Hello,

I have joined two bounty campaigns but they both have the same token symbol and I provided both with the same wallet address (as I didn't realise at the time), so what should I do? Create another wallet address and once I get paid one lot of tokens - transfer it over to the new wallet, and then receive the next amount, or is there another way? I have taken a look at MEW but I couldn't find any answers to resolve this issue.

Thank you.

i think its not a problem anyway, just by the name its only "Token Symbol" so its name only represents the token name, just like the our ID Card, there's a lot a people called "John", "Michael", "Andy" but in each one of them, they hold a different ID number, that thing specified each one another.
and so with ERC20 token, even with a same token symbol name, they have unique ID called smart contracts.

Topic: Altcoin with same token symbol - advice needed (Read 258 times)