2025-12-25 15:22:13

On-chain "Li Gui" (fake tokens) never rest. Especially when a popular token's price soars, various fake contracts with the same name and similar logos flood the scene like locusts. They perfectly replicate the appearance of transaction pages, just waiting for you to click and authorize a liquidity flow.

Take KITE as an example. This token, which plays a key role in the zero-knowledge proof computing ecosystem, has recently attracted a large influx of newcomers. But at the same time, impersonators are working overtime. On Ethereum or BNB Chain, deploying a same-named ERC-20 token requires no technical expertise; it can be done in 10 minutes. Scammers often start spreading fake address links during the window before the official reveals the real contract address. Once the front-running trading psychology is triggered, your wallet is at risk.

**What is the essential difference between real and fake KITE?**

The real KITE is more than just a token symbol. It is connected to a complete zero-knowledge proof distribution mechanism that can interact with the entire computing power network. Fake contracts are just displays—you can transfer and trade, but they are forever "dead code." Besides consuming your approval limits and gas fees, they do nothing. Even worse, some set up "buy-only" trap contracts that only buy and never sell.

**How to spot the fake in 3 seconds?**

Step 1: Don’t cut corners. Go directly to the official community or official website (now updated to gate.com) to confirm the contract address, then copy and paste it into a blockchain explorer. The code logic of fake addresses is completely different in complexity from the real ones.

Step 2: Check the number of holders. Fake contracts usually have only a handful of holders, while genuine liquidity tokens typically have thousands of addresses.

Step 3: Examine transaction history depth. Fake contracts often have empty or minimal trading history, with just a few wallets buying and selling back and forth. Real tokens have much richer on-chain activity data.

To survive in the Web3 jungle, the cheapest insurance is to spend an extra 30 seconds doing your homework. Next time you see a contract address with a sudden surge, ask yourself: Is this really official?

KITE-1.08%

ETH0.08%

BNB-1.17%

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.

10 Likes

Reward
10
4
Repost
Share

Comment

0/400

PrivateKeyParanoia

· 5h ago

It's the same old story; FOMO newcomers are always the easiest prey.

View OriginalReply0

Rugpull幸存者

· 5h ago

It's the same story again, just look at the number of holders and you'll be done haha

View OriginalReply0

AmateurDAOWatcher

· 5h ago

It's the same old trick again, always have to identify it visually each time. It really reminds me of a friend who was phished before, and it made me so angry.

View OriginalReply0

NightAirdropper

· 5h ago

It's the same story again. Every time a new coin comes out, there are a bunch of fake products waiting to scam investors. It's really speechless. Oh my god, these scammers are really outrageous. They can deploy a fake contract in just 10 minutes. I just want to ask if anyone has really been fooled. The idea of the number of holders is pretty good. Next time you encounter a new coin, first check the number of addresses; you can spot a scam coin at a glance. The KITE example is explained fairly well, but honestly, who doesn't know this routine now? The key issue is that newcomers can't defend themselves. Looking at code complexity is a bit of a barrier; not everyone understands how to read contracts. Anyway, as I always say, doing 30 seconds of research is a hundred times better than getting scammed. Don't rush to FOMO.

View OriginalReply0