Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $774.70M and an average price change of -0.58%. 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 | Action | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $0.9964 | +0.10% | +0.06% | $524.26M | $13.51M | 526.14M | ||
|  Frax ShareFXS | $1.77 | -1.30% | +0.61% | $155.00M | $12.16M | 87.34M | Trade | |
|  TerraClassicUSDUSTC | $0.01712 | -1.50% | -9.35% | $95.15M | $10.50M | 5.56B | Trade | |
| $0.0004874 | -0.55% | -2.52% | $217,380.27 | $2.42 | 446.01M | |||
|  Basis CashBAC | $0.001497 | -0.25% | -2.80% | $81,704.3 | $143.54 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.003871 | +0.62% | -0.24% | $81,296.28 | $7.89 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  One CashONC | $0.05178 | -2.99% | -1.47% | $0 | $12.69 | 0.00 | ||
|  TombTOMB | $0.007997 | +8.48% | +32.82% | $0 | $19,711.92 | 0.00 | ||
| $0.01713 | -1.66% | -9.86% | $0 | $1.01M | 0.00 | |||
| $0.1035 | -7.80% | -4.33% | $0 | $71.4 | 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.