How Can a Time-Based Asset Transition Its Fungibility?
A time-based asset transitions its fungibility by having its associated smart contract logic change based on a timestamp. For instance, a token representing a subscription could be fungible until the subscription expires, at which point the contract prevents further transfers, or the metadata is updated to reflect its new, non-fungible status as an expired collectible.
Glossar
Smart Contract Logic
Execution ⎊ Smart contract logic, within cryptocurrency and derivatives, defines the automated enforcement of pre-defined agreements, eliminating intermediary risk and reducing operational costs associated with traditional contract management.
Fungibility
Definition ⎊ Fungibility is the economic characteristic where individual units of an asset are perfectly interchangeable because they carry the same intrinsic value and utility regardless of prior history.