Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $569.23M and an average price change of -2.33%. 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.
See more
| Name | Price | 24h (%) | 7D (%) | Market cap | 24h volume | Supply | Last 24h | Action | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $1 | +0.01% | +0.03% | $317.39M | $2.32M | 317.31M | ||
|  Frax ShareFXS | $2.07 | -5.00% | -15.67% | $185.70M | $13.41M | 89.89M | Trade | |
|  TerraClassicUSDUSTC | $0.01155 | -2.82% | -10.80% | $64.60M | $4.97M | 5.60B | Trade | |
| $0.0004171 | -2.16% | -1.92% | $186,033.8 | $2.07 | 446.01M | |||
|  Basis CashBAC | $0.001826 | -0.21% | +5.76% | $99,662.06 | $17,333.54 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002894 | +8.67% | +8.63% | $60,768.2 | $26,519.8 | 21.00M | ||
|  TombTOMB | $0.004183 | -1.94% | -4.34% | $0 | $0 | 0.00 | ||
| $0.01182 | -3.68% | -9.82% | $0 | $795,373.62 | 0.00 | |||
|  One CashONC | $0.04142 | -1.82% | +0.22% | $0 | $15,943.28 | 0.00 | ||
| $0.09910 | +0.01% | -9.78% | $0 | $17,268.97 | 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.