Fake Tokens - page 2. | Bitcointalksearch.org

the ghabbar

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

This is not possible if you prepare a good security system, something that is made must be based on an integrated security system and is in direct contact with game or network makers.

If not, then the game we make is not the best solution for people to use, how can people trust the game, if we can't maximize security alone, this is why making games is not an easy thing and can be done by people.

nicolasjohns

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there are lots of fake tokens in the market be aware of these

RussianEnglishTranslation

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

That's not possible. I think play to earn crypto games will be big though.

sirminesalot

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Quote from: yazher on August 09, 2021, 07:39:35 PM

Quote from: LibertyShire on May 16, 2021, 02:45:03 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

You have a unique contract address which you need to announce to your players that they need to double-check the details before they convert or buy tokens from the exchanges. This is becoming the norm and most of the NFT games right now have their own counterfeit tokens. You need to be aware of it especially in the early time of introducing your games. You can also look for the answers on the existing NFT games on how they tackle such problems so that you will have an easy way to avoid bad things to happen in the future.

Yes they won't get confused because each token have unique contract address, people usually get tricked buying the wrong token on the market because they have the same symbol or even the same name. So becareful of buying tokens, look at the volume first, then make sure the contract address is already true because if we take a quick look we won't realise the contract address is different so pay attention to it's details

yazher

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

You have a unique contract address which you need to announce to your players that they need to double-check the details before they convert or buy tokens from the exchanges. This is becoming the norm and most of the NFT games right now have their own counterfeit tokens. You need to be aware of it especially in the early time of introducing your games. You can also look for the answers on the existing NFT games on how they tackle such problems so that you will have an easy way to avoid bad things to happen in the future.

huu78

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Of course this will not work because each token has its own contract. The game will run like that, every item in the game will have their own identity associated with the game address contract.

CaVO32

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Quote from: ?? on ??

This is not possible to happen and the only newbies will get tricked by this action, every token has a different address so I don't think that they could be possibly trick by it unless they just look for the name of the token, as the name of the token can easily get easily copied. There are so many fake tokens nowadays especially when a good project just launch expect that there will be a a fake token that you can see similar to that token.

Agree, the contract address becomes important when we talk about fake tokens. We can confirm the correct contract address in the official group of the project we bought and can look for it on etherscan. The use of the same token name sometimes makes us confused, but if we know the correct contract address, we will not be scammed

This is why if the OP doesn't know how to integrate that in his online shop, he needs to hire a developer that will program the correct contract address. So if a user tries to send fake token, it will not go thru. It is just a matter of coding not to be screwed by scammers. Contract address is very important to identify it from fake tokens. We have seen that a lot especially if the token is getting popular.

Devifajarina

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

It's okay when you have the ability to create ERC tokens (Swords) and this is not prohibited in the increasingly sophisticated world of technology, actually it looks good and interesting for the advancement of every available resource.

If someone generates a similar token and then injects it into your game, then the thing you should do to avoid this from happening is to set up a good game security system before you release it.

this security system should be able to detect intruders who start supplying similar tokens, meaning you should have access to deny those tokens to your game. If not, the game you make will not be an interesting game for people to play.

Hannahanto

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

Yes your name can be taken and some newbies or friends without crypto knowledge might buy the tokens of that person thinking it's you.
But anyone in the crypto space will know cause they will go through your company's info to check your contract address and check that of his now we that case is solved
I don't even think someone can just wake up and still your game in this way. only if you have no contract address which surely you do.

TelolettOm

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

The name or symbol of the tokens may be the same. and they can also list on certain exchanges. But, the smart contracts will be always different, there will not be the same smart contract in which we can check them. That is why it is better to put your smart contract on your website or other information channels.

So far there are many fake tokens that we can find especially in the new exchanges or not reputable exchanges. that's why before buying any tokens it is better to check them on their group officially to ensure the smart contract and also check on the coin market cap.

calya

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Quote from: Rexler on May 18, 2021, 04:58:54 PM

There are thousands of abandoned fake tokens in the crypto space, since it's free to create a shit token as long as anyone know the programming language that is required, in your case there's no need to be worried, since every token has their own smart contract which they work on, since the smart contract of the other token and yours are not the same then, the fake token cannot be used in your platform even if they bear the same name.

the easinest creating token in any smart contract platform used by fake dev to trapped investors and buying this token. in many group especially when project will launched IDO , this fake token will occur and many investors be the victim. more over i see there are programmer provide their services to create our own token with low fee.

Quote from: reza7777 on August 02, 2021, 05:53:49 PM

Even though there are some who make similar tokens but it still won't work against the games you have created because each token has a different contract address

it working in IDO project dude, scammer will spread their fake token in TG that will have IDO in near time. Just look at moonpot IDO , scammer spread that their fake token in group and unfortunately many investors be victim.

reza7777

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Even though there are some who make similar tokens but it still won't work against the games you have created because each token has a different contract address

Anonymous100

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

This is the function of a smart contract, it can't forge your token. If someone creates a new coin with the same name, same decimal, even with the same code, they also cannot deposit to a platform with a different smart contract. Understand the meaning of smart contracts, so you don't have to ask about this anymore. There are many fake coins circulating in Ethereum smart contracts, BSC, but they can't have any effect on the official coins. It's just that they can fool people who don't understand smart contracts. If you want to deposit any coins, the first thing you need to look at is the smart contract, then the blockchain used. If different, do not do anything, because it will lose your assets.

bahagia93

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Quote from: ?? on ??

That's impossible if you are programmer you can determine which is fake and also your coins has a unique contract address, they can make the same coin but they can not make the same contract address..

Yes, but not all of those who are in this forum are programmers, so most people don't know what to do in order to be able to falsely determine each coin and address, because scammers are also very smart in circumventing this now.

MarjorieZimmermanGinger

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

It can't be done, if you haven't set up your own rules in the game, meaning if someone tries to create a similar token in their wallet and then injects it into your game it will automatically exit the command in the rules you created.

For example issuing a verification command for an account that starts to log in and is suspected, otherwise the game you create will not be safe for people to play, logically the game maker itself cannot restrict people from trying to enter the game without the owner's permission.

How can people trust your game, every application that is created automatically must have its own security level and it is not easy for others to try to tamper with the application/game.

I think when you intend to make a game, the first step that needs to be prepared is the level of security, otherwise the game you make does not mean anything to people or people will not play the game.

bitcon

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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 don’t think that it is possible. The standard ERC721 that is used for tokenization of different things in games, assumes that this thing is unique and has its address, so it’s impossible to create the same thing with the same address.
Moreover, I think that if you are able to create a game then you can set it up in a way that it will not accept things that were not bought in your shop. But actually this way the logic of NFT-tokens will be destroyed, because they assume that players can use their tokens in different games.

TastyChillySauce00

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Erc20 token has its own smart contract address that you can identify with, for someone to use a fake token they need to take control of the game you created and if they happen to have that control then it safe to say that it isnt your game anymore.
You gonna be fine and thats reason why many projects recommend to take a look at the smart contract address to see whether its correct for precaution.

aioc

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Quote from: LibertyShire on May 16, 2021, 02:45:03 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

How can they inject that on something you have full control of if your store is using metamask and your wallet and your games are integrated then it's impossible to integrate into your project, but they can do that on an exchange so it's recommended to remind your buyers and players to look on the smart contract when buying and use the smart contract when adding your token in the metamask extension

hichamito37

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He can copy token symbol, name they can be same. but the contract address is unique and always different. This is why investors are being warned when they buy or sell to make sure that they are dealing with the right contract address.

bison

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Actually there are some differences that we can examine, there are contract addresses, which have similarities only in symbols and names and supplies, because the contract addresses will always be different, it is one of the developer's tasks to alert users to the threat of fake tokens by verifying the address original contract.

Topic: Fake Tokens - page 2. (Read 683 times)