Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $578.30M and an average price change of +1.23%. 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 | $0.9989 | -0.02% | -0.05% | $348.26M | $3.34M | 348.66M | ||
|  Frax ShareFXS | $1.9 | -3.72% | -18.28% | $168.94M | $16.13M | 88.93M | Trade | |
|  TerraClassicUSDUSTC | $0.01235 | +6.98% | -6.93% | $69.11M | $9.94M | 5.60B | Trade | |
| $0.0003674 | -2.60% | -7.98% | $163,845 | $1.9 | 446.01M | |||
|  Basis CashBAC | $0.001477 | -0.20% | +0.65% | $80,599.72 | $1,424.54 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002739 | +4.19% | -10.15% | $57,521.73 | $1,515.98 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.004411 | -2.79% | -26.00% | $0 | $611.69 | 0.00 | ||
|  One CashONC | $0.04196 | +2.17% | -7.70% | $0 | $1,621.04 | 0.00 | ||
| $0.01314 | +11.73% | -2.47% | $0 | $1.19M | 0.00 | |||
| $0.1094 | -0.21% | -2.54% | $0 | $1,522.43 | 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.