FT (Fungible Token) is a token that holds equal value across units and can be easily exchanged for others of the same type.
In cryptocurrency, FTs, like Bitcoin or Ethereum, are tokens where each unit has the same value as any other unit of the same token, making them easily tradable.
"Fungible" means "interchangeable," so FTs are also known as "interchangeable tokens," valued for their uniformity and ease of use in transactions.