Fungible Token Development
Fungibility is the essential feature of any currency — as a means of exchange, a unit of account, and store of value — Fungibility exists for Bitcoin, ZCash, Ether and any ERC20 tokens. If you send someone a Bitcoin, Ether or ZCash, and get one back, you wouldn’t notice any difference. The value is the same, regardless from its provenance.
Cryptographic assets, just like physical assets, can have many properties, on of which is fungibility or non-fungibility. In Economics fungibility refers to the equivalence or interchangeability of each unit of a commodity with other units of the same commodity: one kilogram of rice, one kilogram of gold or other precious metals, one unit of currency like EUR, USD or Yuan, one barrel of crude oil, just to name a few examples.
Features of Fungible token
A token can be exchanged for any other token with the same value. A EUR coin can be used for another EUR coin, with no difference to the user.
FTs are divisible into smaller amounts. It does not matter which unit you get as long as it has the same value, changing bills for coins is a good example. Fungable tokens are divisible, meaning you can send a fraction of token to someone else.
Types of Stable Coin Development
Crypto collectibles & games
Crypto-collectibles like CryptoPunks, CryptoAlpacas and CryptoKitties, are basically digitizing the very essence of the sports cards hobby — the joy of owning something unique and the thrill of comparing it to others. Even though card editions are issued in many hundreds of equal pieces, as soon as they land into new owner’s hands, their value cannot be measured as a static feature.
All our IDs, school transcripts or even software licenses can be seen as unique certificates tied to the existence of one single person. FTs could be used to secure and immutably store birth certificates, academic credentials, warranties, identities, even artwork, and property ownership if and when reliable repository of trusted issuers of such certificates can be established.
Security Tokens & Property titles
Fungible tokens are unique investments when tied to a physical object. FTs provide an effective way to tokenizing all types of assets, digital or real, and trustless transfers, trading or fractional ownership. A few examples of these objects are real estate, shoes, artwork, wine or other memorabilia.
When someone passes away today and leaves a singular physical object to be split between multiple people in the will, this produces a lot of bureaucratic overhead and coordination costs to manage the splitting value of these assets. The beneficiaries could sell the item and split the money between them.
Fractional ownership of physical goods
Tokenizing physical objects gives investors a chance to expand their portfolio, and owners more potential liquidity when they need it. This will allow for more flexible classes of securities. People with different levels of investment have different levels of control over the object.