So, what happened?

At the detail level we can argue a plethora of mistakes:.

* Unsustainable Business Models

* Unsustainable Tokenomics

* Smart Contract Vulnerabilities.

* Separation from Foundational Principles.

* Poor Governance Models

* Bad faith of issuers

If we zoom out we can observe a common wrong expectations.caused by:

* Misallocation of Capital

* Unsuitable Resources.

And, overall, a wrong understanding of technological process, which does not work in that way.

Fungible Standard Maturity Model

Instead, technology evolves in an iterative layered model. Every layer, specializes in solving an specific problem, is standardized, hiding the complexity of lower layers and provides services and good practices to upper layers. As a result, a Maturity Model is produced. Fungible Standard understands this process and proposes a Maturity Model for Fungible Tokens.

Application Layer

Specialization Layer

Principles Layer

Interop Layer

Compose Layer

Standardization Layer

Ecosystems Layer

Layer 2

Standardization Layer

Provides technical capabilities that support higher layers, including security, logging, caching, and external service integrations. This layer handles cross-cutting concerns and infrastructure services.

DLT Networks

With hundreds of DLT networks with different consensus protocols, gas fees or ecosystems is necessary to understand which ones comply with value-based cryptocommodities.

Wallets

Despite there are more than 1 hundred of wallets in offer in the crypto market, there is not a simple $20 HW wallet, as a Garage Door Opener, to pay in real markets and this is preventing massification.

Exchanges

When issuing your value-based cryptocommodities it is necessary to understand what CEX, HEX, DEX, FEX, Liquidity Aggregators comply with the Trading, Operations and Distribution.

Layer 2: Standardization Layer (2015-2025)

In order to allow Fungible Tokens communicate with disparated system, it was soon required to define a common interface. This caused the advent of ERC-20 interface in 2015, adopted by Ethereum in 2017.

IERC-20.solInterface for ERC-20 Fungible Tokens

1interface IERC20 {
2  event Transfer(address indexed from, address indexed to, uint256 value);
3  event Approval(address indexed owner, address indexed spender, uint256 value);
4  function totalSupply() external view returns (uint256);
5  function balanceOf(address account) external view returns (uint256);
6  function transfer(address to, uint256 value) external returns (bool);
7  function allowance(address owner, address spender) external view returns (uint256);
8  function approve(address spender, uint256 value) external returns (bool);
9  function transferFrom(address from, address to, uint256 value) external returns (bool);
10}

Complementary Standards

Following the ERC-20 Standard, a number of complementary standards specialized in specific technical features, as:

Lifecycle Management: as Pause,
Supply Management: as Mint, Burn,
Transfer Automation: as Transfer and Call
Security: as Owner transfer, Owner Renounce,
Permit Features: as Permit
Upgradeability: as Diamond Standard

The Identity Crisis (2025+)

In his 16th aniversary, blockchain industry looks immersed on his own adolescence crisis. It gets proposals from all directions and is confused about what it wants to become.

The Great Capitulation

With several hundreds of blockchain networks, more than 1700 exchanges, 200 wallets and more thn 1300 ERC standards and the lack of role models and references the industry looks lost into the confusion which is the perfect climate for dishonest behaviour.

References to Get Back on Track

Layer 3: Immutability Layer

Give me a lever long enough and a fulcrum on which to place it, and I shall move the world. Archimedes.

Compose

Layer 4: Interoperability Layer

Give me a lever long enough and a fulcrum on which to place it, and I shall move the world. Archimedes.

Relayers + Patterns

Security

With billions stolen every year, ensuring security is a must or any cryptocurrency. This includes audits, testing, backups or any possible mechanism to guarantee that your funds are safu.

Decentralization

The benefits of Inmutabibility and Interop Layer will enable delivering decentralization out of the box so project can be decentralizaed from inception.

Transparency

Investor and users need fluid and trustfull information about the currency they are using. We must include configurable reports with enabled interoperability formats between servers.

Compliance

With juristictions increasingly stressing legilation around cryptocurrencies, any crypto must allow optional and configurable compliance mechanisms without reinvnting the wheel.

Layer 6: Specialization Layer

Once we have all Components in place we can focus on Specialization on the different flavours of Captured Value. Fungible Standard defines delivers out of the box fungible tokens ready to capture different flavours of value.

Powerful Feature Name

Existing tokenization patterns hold specialized features and are suitable for different applications.

By different reasons, all the existing tokens, fall short in delivering the funtions of a Medium of Exchange and this is preventing mainstream adoption and real world use cases.

CryptoCommodity combines the features of existing tokens aiming to become the first (crypto)currency representing Sound Money ever. The specifications have been written decades or centuries ago and we are in the time to apply this knowledge.

Join us on the mission to design how the Digital Sound Money should look like.