Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $1.03B and an average price change of -3.58%. 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 | Operation | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $0.9956 | -0.09% | -0.02% | $646.56M | $6.40M | 649.43M | ||
|  Frax ShareFXS | $3.1 | -8.38% | -14.36% | $265.60M | $23.20M | 85.71M | Trade | |
|  TerraClassicUSDUSTC | $0.02141 | -6.67% | -5.11% | $119.12M | $13.82M | 5.56B | Trade | |
| $0.0007688 | -4.16% | +3.42% | $342,892.36 | $3.79 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.006107 | +0.17% | +16.18% | $128,237.76 | $846.28 | 21.00M | ||
|  Basis CashBAC | $0.002329 | -3.77% | +9.79% | $127,130.11 | $593.68 | 54.58M | ||
|  Basis ShareBAS | $0.05992 | -0.46% | -53.25% | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.009938 | -9.77% | +8.98% | $0 | $4,333.91 | 0.00 | ||
| $0.02139 | -6.83% | -4.84% | $0 | $1.32M | 0.00 | |||
|  One CashONC | $0.05615 | -14.12% | -13.71% | $0 | $249.14 | 0.00 | ||
| $0.1262 | +0.05% | -3.04% | $0 | $92.76 | 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.