fungible token

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English

Noun

fungible token (plural fungible tokens)

  1. A digital asset that can be replaced by another that is identical to it.
    Coordinate term: non-fungible token
    • 2021, Andrew Fai, Smart Collectibles:Unlocking The Value of Non-Fungible Tokens(NFTs), page 11:
      Fungible tokens, such as Bitcoins, are not Smart Collectibles.