Fungible Tokens

Fungible token means each token has the same value.

ERC-20

Developer can use it to launch a fungible token.

Equity token

Equity token is fungible.

It represents ownership of an underlying asset or pool of assets.

For example, a token, TKN, has a total fixed supply of 100000, and TKN corresponds to an ETH pool of 100ETH held in a smart contract. Then, the smart contract indicates the fixed exchange ratio is 100 TKN/1 ETH.

Utility token

Utility token is fungible.

It utilize some functionality of a smart contract system.

For exemple:

• to collateralize
• to represent reputation or stake
• to maintain stable value (stablecoins)
• to pay application-specific fees

Governance token

Governance token is fungible. It's similar to equity token.

But, instead of asset ownership, governance token ownership applies to voting rights.