What Are Fungible Tokens?
A fungible token (FT) is a type of digital asset where each token is identical and interchangeable with another of the same type. This is different from non-fungible tokens (NFTs), which are unique and have distinct attributes.
Common examples of fungible tokens include cryptocurrencies like ADA and Cardano-native tokens used for DeFi, governance, or utility purposes.
However, some creators mint fungible tokens in a way that resembles NFTs, issuing multiple copies of the same asset instead of a single unique item. These tokens are sometimes used as access passes, membership badges, or collectibles, but they are still fungible, meaning multiple identical copies exist.
Why Doesn’t JPG Store Support Fungible Tokens?
JPG Store is designed exclusively for NFTs. Fungible tokens do not integrate well with the marketplace, leading to inconsistent user experiences and transaction issues. Some common problems include:
Fungible tokens are not recognized as unique items, so multiple copies can create listing inconsistencies.
Transaction errors may occur when trying to list, buy, or accept offers for fungible tokens.
Some users have reported missing offers or failed transactions when attempting to interact with fungible tokens.
JPG Store’s marketplace algorithms and backend systems are built for NFTs, making fungible tokens behave unpredictably.
Example: A user lists a fungible token for 1250 ADA, but another identical token from the same collection is listed for 75 ADA. The marketplace displays the lowest-priced listing first, which can be confusing for users who expect NFT-style individual listings.
Can I Trade Fungible Tokens on JPG Store?
Fungible tokens should generally be traded on decentralized exchanges (DEXs), such as SundaeSwap and Minswap. However, not all fungible tokens have liquidity pools available on DEXs, especially collections designed as fungible tokens but structured like NFTs. These tokens may not be tradeable on a DEX if a liquidity pool has not been set up.
For users looking to trade fungible tokens, DexHunter is recommended, as it aggregates all major Cardano DEXs, allowing you to find the best available liquidity for a given token.
Additionally, JPG Store offers DexHunter integration, allowing creators to link their fungible token with their NFT collection page. This enables users to purchase the token directly from the collection page via DexHunter’s swap functionality.
Learn more about this process in our guide: How to Add Your Project Token to Your Collection Page.
Why Are Some Fungible Tokens Removed from JPG Store?
JPG Store automatically removes collections that have a high supply, such as in the millions, to prevent fungible tokens from being traded on the platform.
If your token has been removed, it is likely because:
It is meant for trading on a DEX rather than an NFT marketplace.
It was incorrectly listed as an NFT collection despite being a fungible token.
The token supply is too high, causing conflicts with the platform’s marketplace algorithms.
What Should I Do If I Have Issues with a Fungible Token on JPG Store?
If you experience issues listing, buying, or accepting offers for a fungible token, you can try the following:
Verify the Token Type
Check the token’s policy ID and supply using a blockchain explorer like pool.pm.
If the supply is high, it is a fungible token and should be traded on a DEX instead.
Try a Wallet UTxO Optimization
If your transaction fails, try using Unfrack.it to optimize your wallet’s UTxOs, which may help resolve issues.
Perform an Internal Wallet Transfer
Some users have reported success by sending the fungible token to themselves along with 10 ADA to create a cleaner UTxO for transaction processing.
What’s Next?
For more help managing assets on JPG Store, check out these articles:
