Is Waves Lite Client a scam ? Lite Client 0.5.14a

[vnck25]

I have installed waveswallet.io on my desktop and it supports ERC-20 tokens! Is this possible ? I thought that waves platform is completely different from the ERC20 protocol. In the portfolio I see at least one ERC20 token, this is also verified on Waves Explorer by typing the public waves address.
Furthermore, many of my assets on the portfolio states that re-issuability as FALSE. What does this mean ?

 

[exadex.org]

Waves client is not a scam. Those are fake tokens, they have just the same name like real tokens.

Re-issuability FALSE means, that the token creator can't create more of those tokens. So the total supply is limited.

[vnck25]

Thanks a lot for your reply!