Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $962.39M and an average price change of +4.26%. 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 | $0.9974 | +0.05% | +0.13% | $647.77M | $20.19M | 649.43M | ||
|  Frax ShareFXS | $2.62 | +8.61% | -4.93% | $229.31M | $28.27M | 87.41M | Trade | |
|  TerraClassicUSDUSTC | $0.01525 | +6.58% | -4.35% | $84.79M | $5.59M | 5.56B | Trade | |
| $0.0006228 | +5.10% | -11.52% | $277,764.27 | $3.21 | 446.01M | |||
|  Basis CashBAC | $0.001645 | +5.75% | -0.14% | $89,783.54 | $20.96 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.004056 | -6.18% | -6.90% | $85,183.04 | $70.61 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.005320 | +17.15% | -11.22% | $0 | $7,754.74 | 0.00 | ||
| $0.01528 | +6.87% | -4.00% | $0 | $1.07M | 0.00 | |||
|  One CashONC | $0.05599 | -1.43% | -4.03% | $0 | $809.82 | 0.00 | ||
| $0.1200 | +1.02% | +12.66% | $0 | $113.25 | 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.