Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $595.42M and an average price change of -1.93%. 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 | $1 | +0.00% | +0.06% | $317.37M | $3.37M | 317.31M | ||
|  Frax ShareFXS | $2.45 | +0.05% | +0.77% | $220.09M | $12.50M | 89.89M | Trade | |
|  TerraClassicUSDUSTC | $0.01307 | +0.43% | -0.38% | $73.14M | $21.26M | 5.60B | Trade | |
| $0.0004291 | -0.42% | +13.98% | $191,396.63 | $2.26 | 446.01M | |||
|  Basis CashBAC | $0.001820 | -0.65% | +19.85% | $99,305.45 | $16,597.6 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002699 | -0.10% | +4.65% | $56,678.65 | $16,594.97 | 21.00M | ||
|  TombTOMB | $0.004774 | -1.61% | +7.19% | $0 | $1.6 | 0.00 | ||
|  One CashONC | $0.04325 | +9.84% | +4.17% | $0 | $18,567.67 | 0.00 | ||
| $0.01312 | -0.21% | -0.32% | $0 | $893,466.57 | 0.00 | |||
| $0.1058 | +1.74% | -3.24% | $0 | $11,232.41 | 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.