Fake Tokens | Bitcointalksearch.org

perryxi2

copper member

Activity: 226

Merit: 1

RangersProtocol.com

Quote from: LibertyShire on May 16, 2021, 03:45:03 PM

Let's assume i have created a game, and then created ERC tokens (Example swords) so the player must buy a token to be able to play the game.
What if someone creates similar tokens in his wallet and injects them into my game as if they are bought from my tokens store Huh

To see the fake token is very simple, I found that just if you look closely, you will see that the contract address is different from the real project. Any fake token can be imitated in name, website... but can never fake contract address, which we all can easily recognize. And if you're programming your game properly, that won't be possible. That depends entirely on how well you connect your game to the smart contract? What about experience and knowledge?.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: asus09 on October 01, 2021, 03:01:20 PM

Easy for BSC, Polygon, HT network to get scam and fake token on every transaction, maybe with lower gas fees scammer not worry with how much fees pay for sending their fake or scam token. You can track with your bsc address every time after success make transaction for sending coin you will received new token and most probably with scam coin in your address.

When I check my wallet on blockscan BSC, Polygon, HT there are always tokens that are so foreign and I don't think it's useful, I know that tokens are fake but scamers will target beginners to transact next of course this will make them wonder why they can get tokens , even though it's fake.

The most important thing is that we must understand how to distinguish the contract wallet, it will always be different and find out which one is the original and we can tell the difference.

I think in every transaction I make the scamers send fake tokens with no idea what the purpose is.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: ZaraCB on October 01, 2021, 03:01:42 PM

Quote from: LibertyShire on May 16, 2021, 03:45:03 PM

Let's assume i have created a game, and then created ERC tokens (Example swords) so the player must buy a token to be able to play the game.
What if someone creates similar tokens in his wallet and injects them into my game as if they are bought from my tokens store Huh

Its very easy to verify the fake tokens. Just verify contract address of that token. Because two tokens can have the same symbol but not the same contract address.

Exactly!

But people are way too lazy on checking things up neither they dont have any time to do it or simply lazy or simply doesnt really know on whats contract address is or simply doesnt have any idea on what things been happening.

This is the main issue for some because you cant really be scammed if you do just make use of your common sense.From checking the dev team legitimacy to contract address differences.

It isnt really that hard to avoid yourself on potential scams or simply with fake tokens if you are really just be mindful in regards into your onward actions.

Tessnik

member

Activity: 336

Merit: 16

Well it may be possible for a token to have a similar name or a fake version but the contract address can not be the same as one address can't be used for two versions of coins, it's technically impossible but we have seen cases of such incident but mostly on the uniswap chain.

Bollexz1

member

Activity: 868

Merit: 12

Once a contract address is assigned for your so called project, the same exact address can never be generated for another project. So that address is what you give out to anyone who wished to invest into your project.

ZaraCB

full member

Activity: 333

Merit: 105

www.cd3d.app

Quote from: LibertyShire on May 16, 2021, 03:45:03 PM

Let's assume i have created a game, and then created ERC tokens (Example swords) so the player must buy a token to be able to play the game.
What if someone creates similar tokens in his wallet and injects them into my game as if they are bought from my tokens store Huh

Its very easy to verify the fake tokens. Just verify contract address of that token. Because two tokens can have the same symbol but not the same contract address.

asus09

sr. member

Activity: 1344

Merit: 270

Easy for BSC, Polygon, HT network to get scam and fake token on every transaction, maybe with lower gas fees scammer not worry with how much fees pay for sending their fake or scam token. You can track with your bsc address every time after success make transaction for sending coin you will received new token and most probably with scam coin in your address.

Dragonfund

full member

Activity: 546

Merit: 148

Quote from: sumant on October 01, 2021, 07:20:50 AM

First time when crypto comes in market so many traders takes advantage of that and market is going till now very well but there are some people who making fake token and sending to bsc, polygen wallet not in eth wallet. Please beware of these tokens. They are sending these tokens in large numbers. I don't understand that how these mens will survive in this world who are always others money, not looking to do a legitimate job.

Those who are cought in those kind of scam are either gullible or they don't care to know more about scams. If you check carefully, most of those tokens are always given out inform of Airdrops but I detest anything that's free.
Those tokens are created to steal your bnb if it's bsc or Ether but mostly it used to be BSC since it's always cheap to transact. The moment they sent you those random token and you decide to swap them, the smart contract will make execution in a way that it will take all your bnb.

You can also check this thread for similar reports HERE

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: masterrex on September 30, 2021, 08:31:32 AM

Quote from: LibertyShire on May 16, 2021, 03:45:03 PM

Let's assume i have created a game, and then created ERC tokens (Example swords) so the player must buy a token to be able to play the game.
What if someone creates similar tokens in his wallet and injects them into my game as if they are bought from my tokens store Huh

I'm not an expert regarding the coding of smart contracts but to create a faked tokens base on the original name and Ticker is possible, but let us accept the fact that both tokens have run on different smart contacts that's why its not possible to bind them together and run both in one platform

Even you are expert but still you are not aware with this it's not possible to create fake tokens because if you are doing all things properly, and you are good at programming then no one can do this all. I am not expert, but I feel that never have any duplicate ticker because you need something difference, even just a smart word or anything.

Every ERC token is working with his own smart contract, so if someone tries to take control, then you will identify this all very quickly.

sumant

copper member

Activity: 770

Merit: 1

First time when crypto comes in market so many traders takes advantage of that and market is going till now very well but there are some people who making fake token and sending to bsc, polygen wallet not in eth wallet. Please beware of these tokens. They are sending these tokens in large numbers. I don't understand that how these mens will survive in this world who are always others money, not looking to do a legitimate job.

DonFacundo

full member

Activity: 1344

Merit: 102

Well it will not detect the fake token of your game because the coin has own contract address and the fake token has also contract address so it will not determine as a coin of your game even both are very similar like the name and the logo but the contract address will not be copy, every coin has unique contract address.

Jaered

jr. member

Activity: 840

Merit: 4

These games have tokens and each token is matched to a contract address. No two tokens have the same contract address. A contract address is like the address of the token on its own Blockchain. So its not a feasible act. I daresay 100% impossible. So try another exploit sir

masterrex

full member

Activity: 1820

Merit: 107

Quote from: LibertyShire on May 16, 2021, 03:45:03 PM

Let's assume i have created a game, and then created ERC tokens (Example swords) so the player must buy a token to be able to play the game.
What if someone creates similar tokens in his wallet and injects them into my game as if they are bought from my tokens store Huh

I'm not an expert regarding the coding of smart contracts but to create a faked tokens base on the original name and Ticker is possible, but let us accept the fact that both tokens have run on different smart contacts that's why its not possible to bind them together and run both in one platform

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: LibertyShire on May 16, 2021, 03:45:03 PM

Let's assume i have created a game, and then created ERC tokens (Example swords) so the player must buy a token to be able to play the game...

Each coin has its own contract, so it is impossible to create the same coin. I admit the possibility that someone will make a coin that has the same name and a participant in your game can buy it by mistake on a decentralized exchange. But he will not be able to introduce such a coin into your game later, since it will have a different contract.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Luqman on September 29, 2021, 06:44:10 PM

Each token has its own smart contract, it must be different between your token and another token

im about to say this . never saw the same contract address so every contract address should be unique .

Quote from: Luqman on September 29, 2021, 06:44:10 PM

. So, there is no chance for someone to create a similar token and use it to play your game. You can identify it easily by analyzing its smart contract. I think you don't need to worry about this because it is very clear that you are safe with your own token.

if we code the game well , it will be hard or its not possible for hackers to attack it and when theres someone attempting to mess up the game ,
they will be punished accordingly . they will think twice if they will do such act or not

konflikkastil

member

Activity: 879

Merit: 10

Sovryn - Brings DeFi to Bitcoin

In this present world that we are in presently, lot of things are happening and the cryptocurrencies has also open the eyes of so many to a lot of things. Token when accepted turned into a digital currency, and will have fake paper note so also will should expect something like fake token too. Some people are just somewhere always looking for opportunities to defraud other people of their hard earned money. But that is why the Blockchain is one of the most secure space, it is so safe that there is not space for an intruder. Each coin has its own unique contract address, which can never be bridge. They can develop another token with similar purpose and even look alike, but the contract address will always be different.

Luqman

sr. member

Activity: 826

Merit: 263

Each token has its own smart contract, it must be different between your token and another token. So, there is no chance for someone to create a similar token and use it to play your game. You can identify it easily by analyzing its smart contract. I think you don't need to worry about this because it is very clear that you are safe with your own token.

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: LibertyShire on May 16, 2021, 03:45:03 PM

Let's assume i have created a game, and then created ERC tokens (Example swords) so the player must buy a token to be able to play the game.
What if someone creates similar tokens in his wallet and injects them into my game as if they are bought from my tokens store Huh

Contracts are different and if you do try to deposit out coins/tokens which are in different then it would be still useless since it wouldnt credit out and this is the beauty of blockchain technology.
You are just imagining too much or simply doesnt really have the slightest idea or knowledge on how blockchain works.If you do then you would say that this kind of question is a little
bit senseless but since its isnt really bad to ask then its still a considerable one.

bison

full member

Activity: 778

Merit: 100

SmartFi - EARN, LEND & TRADE

each token has a different contract address and it can't be copied, no matter how similar the name or even the logo used will still have a different contract address if it's a clone, so there's nothing you need to worry about, you just need to write down the contract address that original and if you find a similar token, you just have to check the contract address.

bamb

sr. member

Activity: 938

Merit: 251

There are might be imitators who will launch your ideas as if it is their own. It might also be possible that someone will create a token and name it exactly as yours. What is not possible however is someone injecting their token in to yours or the services you provides. This is not technically possible!

Topic: Fake Tokens (Read 674 times)