> There is no comany called "Applr", so the trade is cancelled.
I'm surprised there hasn't been something like this developed in the cryptocurrency space yet. Some sort of system where creating a wallet requires initialization before it can receive anything. Something like that would prevent most problems of typing in the wrong address because it would not be initialized.
The problem is that executing a line of code on chain is really expensive. Already quite optimised and stripped back code can cost 50-100 USD equivalent to do something fairly trivial, like swap one token for another.
Each of these checks increases the already high barrier to entry, and has little utility for the creators.
a) There is a company called "Applr", so I at least have something (a different stock)
b) There is no comany called "Applr", so the trade is cancelled.
This is like saying "You tried to be Applr, that doesn't exist, so you money just got blackholed".