Fungible token
A token that is identical to many others and can be traded is fungible. For example, one ada is the same as all others and so is fungible. Shares in a company, gold bars, and US dollars, for example, are all fungible. Cryptos are usually fungible, but there are also unique, non-fungible tokens (NFTs).
2 contributors
- Olga Hryniukcontributed
- Olga Hryniukcontributed
Would you like to suggest changes to this glossary?
We encourage you to actively participate in the creation and moderation of our content—your contributions are invaluable. All content is reviewed by another community member.
Suggest edit