Web3 SECURITY, How to Tell Spam From the Real Deal
Spam tokens are the crypto version of fake coupons stuffed into your mailbox ā unwanted, flashy, and often designed to trick. Scammers airdrop these tokens to thousands of wallets, hoping someone will take the bait. So, how do you identify them?
First, check the source. If a token suddenly appears in your wallet and you didnāt buy it, trade for it, or earn it ā itās probably spam. These tokens often come from nowhere and have no link to your past activity.
Next, look at the name. Tokens with names like āUSDT2,ā āFreeETH,ā or āBonusAirdropā are waving red flags. Some are more subtle, impersonating popular tokens like BNB or USDT ā but donāt be fooled. A quick giveaway? Their token icons are often missing or look off. Thatās because they usually lack proper metadata, unlike the real deal.
Then thereās the value. Spam tokens often pretend to be worth a fortune ā until you try to cash them out. Spoiler alert: you canāt.
You can also peek at the tokenās on-chain data. If it has tons of transfers but very few holders, itās a strong sign somethingās off. Legitimate tokens usually have a lot of holders.
Finally, if youāre tech-savvy, check the tokenās smart contract. Many spam tokens have unverified or hidden code ā because they donāt want you to see whatās really going on under the hood.
In short: if it appears out of nowhere and looks strange ā itās likely spam. And in the world of crypto, spam is not innocent.
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