Be careful what you wish for: the first Cardano copycat emerges

The Cardano Foundation, an independent entity dedicated to promoting the Cardano project, warned the community about a copycat that was infringing on the company's trademark.

The copycat cryptocurrency is called Cardano Gold and is currently in the midst of a crowd sale.

"We'll know we made it when there's Cardano Cash or Cardano's Vision."

Just days after he commented on the possibility of projects copying Cardano's code, the Cardano Foundation warned its users about a potential scam that was misrepresenting itself as Cardano.

The foundation, whose aim is to promote the Cardano blockchain, tweeted about a copycat that has emerged on the market, warning its users to beware of the potential scam.

The copycat project, called Cardano Gold, has reportedly been infringing and violating on Cardano's registered trademark.

The crypto project that's been using the Cardano trademark is currently conducting a crowd sale of the Cardano Gold Coin.

Cardano Gold claims to offer a debit card for cryptocurrencies, allowing crypto "Adopters" to pay for their daily needs with digital coins.

Cardano Gold claimed that it facilitates swift crypto conversions to USD and "Thereby" to other fiat currencies.

The leadership team listed on the Cardano Gold website is also entirely fake.