Fungible Token Standard refers to a set of rules and specifications that govern a type of digital token that is interchangeable with others of the same kind. This means that each token holds the same value and can be easily exchanged for another without any loss of value.One of the most common examples of fungible tokens is cryptocurrencies like Bitcoin or Ethereum. For instance, one Bitcoin can be exchanged for another Bitcoin without any difference in value or utility.These standards help ensure that tokens can be easily traded on various platforms and wallets. They define how tokens are created, transferred, and managed, making it easier for developers to build applications and services that use these tokens efficiently. Some popular fungible token standards include ERC-20 for Ethereum, which has facilitated the creation of numerous tokens that can be traded on decentralized exchanges.Overall, fungible tokens play a crucial role in enhancing liquidity and simplifying transactions in digital asset markets.