A Journey Through the World of Crypto Tickers: How Not to Get Lost 🧭

robot
Abstract generation in progress

Tickers. These short letter codes have become the hallmark of crypto projects. They first appeared in the 19th century to speed up trading. Today, they are indispensable. BTC, ETH, SOL — sounds familiar, right? 🪙

The crypto world is a bit chaotic. You can often encounter different projects with the same ticker here. Sometimes it's a coincidence. And sometimes... not quite. It seems that by September 2025 there are already more than 30 thousand cryptocurrencies. And new ones appear every week. Traders need to somehow navigate this chaos. 🔍

Checking token authenticity 🛡️

1. Contract address

This is a key. A unique identifier on the blockchain. For Ethereum and BNB Chain tokens, it starts with "0x". It can be checked through blockchain explorers. Simple. Reliable. 📝

Funny, but BTC and ETH do not have contracts in their native networks at all. They are the network itself.

2. A look at the project as a whole

Dig deeper:

  • Site
  • Documentation
  • Token distribution
  • Who are these people anyway?

What should be alarming:

  • Tokens in wallet pairs 🚩
  • The documentation seems to be written by AI 🚩
  • Team — mysterious avatars 🚩
  • Code? What code? 🚩

Security in Fund Movement 🔒

1. Small check

First, send the small amount. Check. Then the main sum. Crypto transactions cannot be revoked. That's how it is. 🧪

2. The network matters

USDT is everywhere. Ethereum, Tron, BNB Chain... Chose the wrong network? The money has vanished into thin air. Not very pleasant. 🌐

3. Bridges between blockchains

You need to be especially careful with them. Is your token supported on that side? It's not always clear. 🌉

USDT: real vs fake 🔬

How to distinguish? Let's take a look.

Suspicious token:

  • 20 billion total supply
  • A total of 2161 holders
  • Market cap: empty
  • Circulating supply: ??? Something doesn't add up.

Real USDT:

  • 4+ million holders
  • 185+ million transactions
  • $95+ billion capitalization
  • Transparent statistics This looks more like the truth.

How to Trade and Sleep Peacefully 🛡️

  1. Etherscan, BscScan, Solscan — your friends
  2. Double-check addresses
  3. Many holders? Good sign
  4. The transaction history will tell you a lot
  5. The verified code is important.

In the crypto world, no one will save you but yourself. DYOR is not just a trendy phrase. It's a way of life. 🔐🚀

BTC2.28%
ETH1.94%
SOL0.45%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)