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Published on Apr 7, 2022

Fungible Token

Author: Rubin
#Glossary
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Fungible tokens are essentially coins and tokens that can be replaced by another identical token. Fungible tokens are the exact opposite of what is commonly known as NFTs. While NFTs are distinct, with each holding its monetary value, fungible tokens are all similar. Each cryptocurrency is a fungible token. For example, 1 BTC can be swapped with another BTC, as both hold equivalent values.

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