What are these strange tokens? Why I am receiving random coins in my wallet?

 

Do you see in your wallet there are unexpected coins that you didn't buy nor earn them? What are these random coins? Free money or scam coins?

Probably the latter. And here's how to prove it and why you shouldn't interact with them.

But first, you have to understand that your wallet's public address is a target for bad actors who will use this public information to airdrop tokens of scam coins in hopes that you check out their website and then interact with, or purchase these coins.

So if anyone can send anything to any wallet, it's not uncommon to get random coins appearing in your Sequence Wallet. Anyone can check the block explorer to see which wallet transacted on the blockchain.

Enter here to search in Ethereum mainnet network: https://etherscan.io/

Enter here to search in Polygon matic network: https://polygonscan.com/

Don't worry, the coins can't do anything on their own.

Although we can't prevent coins from being sent to your wallet, it's important for you to know how to identify a risky coin.

As a good rule of thumb, Don't trust any link or tutorial given as part of that coin. For example, here are some coins that appeared randomly inside the wallet:

WeirdCoins.png

However, if you click on the blockchain tracker page of these projects, you will find that they are coins exhibiting scam behaviours and you can see what others have commented in there:

Screen_Shot_2022-02-16_at_16.55.32.png

What do I do with these random coins?

Just ignore them for now. We're going to add whitelists, in the near future, to filter these types of coins.

And we suggest not to interact with any of these coins. Interacting with their smart contracts may get them access to your funds which might execute your wallet to be drained and lose all your coins.

A big red flag is if you get an airdrop of a token that requires you some information or referral in order to get you the coins, you should stop all communication with that user.

 

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