Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $719.35M and an average price change of -2.06%. 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 | $0.9965 | +0.05% | -0.08% | $495.38M | $7.04M | 497.14M | ||
|  Frax ShareFXS | $1.74 | +9.73% | -3.55% | $153.10M | $19.35M | 87.92M | Trade | |
|  TerraClassicUSDUSTC | $0.01614 | +8.95% | -0.03% | $89.71M | $9.35M | 5.56B | Trade | |
| $0.0004878 | -2.47% | -3.04% | $217,557.68 | $2.26 | 446.01M | |||
|  Basis CashBAC | $0.001478 | -2.65% | -4.20% | $80,637.71 | $2.32 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.003462 | +8.94% | -11.99% | $72,697.66 | $12.3 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
| $0.1054 | +3.57% | +0.96% | $0 | $2,050.14 | 0.00 | |||
|  TombTOMB | $0.007996 | +3.41% | -8.62% | $0 | $5,962.79 | 0.00 | ||
| $0.01617 | +8.57% | -1.24% | $0 | $1.37M | 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.