Fungible Token
token
standard
A fungible token has interchangeable units, so each unit of the same token is equivalent for payment, accounting, or trading.
1
concept
Fungible tokens represent identical units; holders are generally indifferent to which specific unit they own. This contrasts with NFTs, where each token ID can be unique.
2
usage
Fungible tokens are used for payments, stablecoins, governance votes, liquidity provision, rewards, and collateral. Standards like ERC-20 make wallet and exchange integrations reusable.
Conceptual links
Related terms
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All terms and definitions may update as the Cryptionary improves.
