Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $880.89M and an average price change of +2.34%. They are listed in size by market capitalization.
On the blockchain, stablecoins are created using complex mathematical formulas to guarantee price stability. Seigniorage is the profit made by a government or economy by producing currency for less than its exchange value. Essentially, seigniorage is the difference between the cost of producing money, such as a $10 bill or quarter coin, and its face value. When the seigniorage is positive, the government can expect to make a profit. However, if the seigniorage is negative, it will result in a loss for the government.
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| Name | Price | 24h (%) | 7D (%) | Market cap | 24h volume | Supply | Last 24h | Operation | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $0.9972 | +0.03% | +0.07% | $647.63M | $1.96M | 649.43M | ||
|  TerraClassicUSDUSTC | $0.01547 | +2.01% | -1.74% | $90.37M | $3.47M | 5.84B | Trade | |
| $0.0004174 | +2.11% | -9.30% | $186,168.44 | $2.07 | 446.01M | |||
|  Basis CashBAC | $0.002065 | +1.98% | -1.00% | $112,683.58 | $367.27 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.003753 | -1.95% | -13.18% | $78,717.62 | $124.19 | 20.98M | ||
|  TombTOMB | $0.004469 | +4.02% | +2.70% | $0 | $1,520.62 | 0.00 | ||
| $0.01546 | +2.01% | -1.87% | $0 | $187,628.77 | 0.00 | |||
|  One CashONC | $0.07082 | -0.12% | -11.04% | $0 | $41.53 | 0.00 | ||
| $0.1649 | +10.54% | -0.95% | $0 | $563.68 | 0.00 |
FAQ
Which type of stablecoin uses seigniorage?
Basis Cash is a project that focuses on seigniorage-style algorithmic stablecoins. It involves three cryptocurrencies and aims to keep the price of BAC stable by controlling the supply.
What is an example of an algorithmic stablecoin?
A similar project is Ampleforth (AMPL), which utilizes an algorithm to modify the token supply in accordance with fluctuations in demand.
Which type of stablecoin uses seigniorage shares system to retain a stable price?
Non-collateralized stablecoins are those that rely on the Seigniorage Shares system's principle.