Can two crypto currencies have the same name?

randomstrings

Supreme Member

Feb 3, 2021

1,325

853

• Apr 17, 2023

• #21

No. Contract will not get varified. You can deploy that duplicate contract on one to one bases but once caught by blockchain explorers, it will be marked as scam, since there is no cental authority, any blockchain varifyier can mark that as scam.

 

xReminisce

Elite Member

Dec 29, 2012

7,329

36,654

• Apr 17, 2023

• #22

You can


that's why contract IDs will be different.
But name can be the same.

 

MKSKS

Banned for failing to resolve dispute.

Jul 11, 2013

6,098

4,464

• Apr 17, 2023

• #23

paisawaisa said:

It is mistake of buyers also. They should do proper research before buying.

Click to expand...

While what you have said is true, it's part of human nature.
Most people are used to being careless in purchasing just anything.
That's because being careless doesn't cause problems most of the time and so they get used to it.
So, it's like a kick that makes one realize that you need to be careful and it's a good kick in some ways.

 

kimciljahat

Newbie

Oct 2, 2021

9

5

• Apr 17, 2023

• #24

many scammers use this trick, also some typo

 

mojojojoy

Junior Member

Jul 22, 2016

118

28

• Jun 12, 2023

• #25

Yes, you can have the same name and it's distinguished by contract address

 

Nikolaos

Elite Member

Jr. VIP

May 27, 2016

11,335

2,572

• Jun 12, 2023

• #26

Yes they can. However you should search them via the company who made the crypto so you make sure you're looking at the right one.

 

MoonStarz

Elite Member

Aug 7, 2021

4,148

2,223

• Jun 12, 2023

• #27

you could use same name, but maybe not same icon or long name, if you hope to get the crypto currency in the market they will make you change somethings to make it unique otherwise you will only receive a big no.

 

D

Domaineroo

Newbie

Mar 10, 2009

1

0

• Jun 10, 2024

• #28

Same name, same symbols, some with both all on the ETH network. Many have active trading and semi-impressive values/histories.

Somebody break this down like I'm an AP 11th Grader or a 4th grader, whatever works.

I want to know the reasoning, precautions, affect and future plans/goals of these clones.

Oh and there's a lot more too.

 

mojojojoy

Junior Member

Jul 22, 2016

118

28

• Jun 20, 2024

• #29

Domaineroo said:

Same name, same symbols, some with both all on the ETH network. Many have active trading and semi-impressive values/histories.

Somebody break this down like I'm an AP 11th Grader or a 4th grader, whatever works.

I want to know the reasoning, precautions, affect and future plans/goals of these clones.
View attachment 351929
Oh and there's a lot more too.

Click to expand...

Tell me you don't know anything about meme tokens without telling me you don't know anything about meme tokens. ;_; "reasoning, precautions, affect and future plans/goals."... all these don't really exist lol but I guess you really have to go balls deep to find out.

 

pennyweight

BANNED

Nov 17, 2021

883

519

• Jun 21, 2024

• #30

Short Answer YEAH.

Check etherscan for more info

 

DIG1T

Newbie

Feb 20, 2024

15

10

• Jun 21, 2024

• #31

zingua said:

I was looking for tokens on coinmarketcap, I noticed that when I type "UNI" I get many tokens sharing the same short name (UNI) like Uniswap, Universe,Unicoin ect... Isn't each name of a crypto currency should be unique?

Click to expand...

Nope, anyone can make a coin/token at any time with pretty much any name. That’s why there’s all these memecoins out there with pretty much the same name.

 

C

cociteky

Registered Member

Dec 20, 2023

94

53

• Jun 21, 2024

• #32

zingua said:

I was looking for tokens on coinmarketcap, I noticed that when I type "UNI" I get many tokens sharing the same short name (UNI) like Uniswap, Universe,Unicoin ect... Isn't each name of a crypto currency should be unique?

Click to expand...

they are unique just have first name or last names change .

 

uweb3bank

Power Member

Jr. VIP

Apr 13, 2024

543

129

• Jun 21, 2024

• #33

Yes they can, but smart contract ID is different

 

Harry_X

Newbie

Feb 20, 2024

43

21

• Jun 21, 2024

• #34

I don't think its possible same name. I never saw any same name 2 crypto.

 

O

onlinemarketer12

Elite Member

Jr. VIP

Nov 22, 2019

6,959

1,681

• Jun 22, 2024

• #35

Actually, these is what many scammers are doing. They are creating names similar to popular coins and then fooling investors. It started with a popular coin named similar to bitcoin. That coin was in top 10 marketcap at one time.

 

K

kalpana007

Elite Member

Jr. VIP

Jun 16, 2022

2,852

851

• Jun 22, 2024

• #36

Yes, it is possible. Many developers do it intentionally in hope of gaining users fast.

 

Somenpla

Junior Member

Feb 14, 2023

177

34

• Jun 27, 2024

• #37

You're right, it can be confusing seeing a bunch of UNIs on CoinMarketCap! The thing is, "UNI" isn't the full name, it's just a ticker symbol, kind of like a nickname. Lots of different tokens can share the same nickname, which can be annoying.

 

Asteranl

Junior Member

Feb 14, 2023

141

23

• Jun 27, 2024

• #38

Here's the trick: Always double-check the full name of the token before you invest. So if you're looking for Uniswap, make sure the full name says "Uniswap" and not "Universe" or something else. CoinMarketCap usually shows the full name next to the ticker symbol, so keep an eye out for that.