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January 25, 2018, 05:25:30 PM |
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Ok just wanted to seek some clarity as I had wondered if there was some official governing body that chooses coin/token acronyms to ensure there are no identical/crossover names. I know there has been some controversy specifically in regard to which fork might retain or take over the bitcoin / btc name but one has to be really careful these days when trading between exchanges.
For example, today I was looking at trading pairs and saw that both HitBTC and Stocks.Exchange both have a BTC/ANT pair but the diff in satoshis currently trading was a huge gap and almost looked too good to be true. Luckily before I jumped in I had a funny feeling because on Stocks.Exchange next to the ANT/BTC was also ANTScoin instead of Aragon as I expected.
Doing some research I see Aragon is always referred to as ANT but ANTScoin is sometimes ANT and sometimes ANN. One is a coin and the other is a token but with the same acronym I just have to wonder how many people fell victim to what they thought was a great buy (and maybe it still was, who knows) but then couldn't trade it elsewhere as expected because it was the wrong coin/token.
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