Fungibility refers to the ability to interchange a good or asset with another good or asset of the same type. This makes them ideal for exchanging, as they are presumed to hold the same value. Gold, for example, is considered fungible, as one kilogram of pure gold, holds the same value as another kilogram of pure gold. The same can be said about a $50 bill. As the value of fungible assets is also generally widely accepted (although this value can fluctuate), they can also be used to make transactions, and be exchanged for other goods. Homes and real estate, however, are not fungible, as there are many different kinds and sizes of homes that each hold different value, which may also be influenced by sentimental worth.
This article will explore what makes ProperT fungible, as well as some of the other aspects that make this crypto asset an attractive proposition for crypto users, traders and holders.
What makes ProperT fungible?
ProperT 2.0 is considered a fungible asset, as one ProperT token purchased in the USA holds the same value as a ProperT token purchased in France, or anywhere else. As seen above, this makes them interchangeable and as such can be interchanged between two ProperT holders, or exchanged for other assets, goods and services, as all assets are widely regarded to hold a certain value. ProperT is also fully divisible. Just as a $50 bill can be broken down into two $20 bills, one $5 bill and five $1 bills, ProperT can also be broken down into its respective smaller units which collectively represent the same value as the original.
In addition, the buying and selling of ProperT tokens operates on blockchain technology, specifically, both the Ethereum blockchain (ERC-20) and MATIC Polygon blockchain. Each transaction or exchange of ProperT tokens is recorded in this decentralized and distributed ledger, which ensures transparency and immutability of transactions. This also helps maintain fungibility by recording transactions without specifying the history of individual units. Each unit is represented by its cryptographic key, and as long as the key is valid, the unit is considered interchangeable.
What’s more, ForumPay, the premium crypto payment solution for global businesses and payment processors, allows ProperT users to fully leverage the fungibility of their digital assets. This payment gateway makes it possible for token and cryptocurrency holders to purchase directly from traditional FIAT-based merchants and services by bridging the gap between the crypto and FIAT spaces.
Immediate utility in the form of gift cards
To provide immediate value and utility to ProperT, a gift card platform will be launched in tandem with its release. This platform will enable ProperT users to promptly exchange their tokens for gift cards, bypassing the need to await the token’s widespread adoption. The ProperT gift card platform will be based on the rapidly expanding ForumPay merchant network, which has recorded an impressive 151% average monthly growth rate in the past year.
The platform will offer gift cards from a diverse set of merchants providing an extensive range of products and services from businesses such as Home Depot, Lowe’s, several gas stations, and more. ProperT holders will have access to these gift cards with their tokens and can also earn token-back rewards for each purchase they make on the platform.
As ProperT continues to evolve, it stands poised to offer a unique blend of fungibility, scarcity, and utility in the cryptocurrency landscape. The convergence of these attributes positions ProperT as a promising digital asset for users, traders, and holders looking to leverage the token for both value preservation and practical applications.
Find out more by visiting getpropert.com today!
