Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $216.54M and an average price change of -0.78%. 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 | $0.9998 | +0.01% | +0.10% | $319.83M | $4.03M | 319.91M | ||
|  Frax ShareFXS | $1.7 | -0.50% | +4.23% | $151.66M | $9.75M | 89.34M | Trade | |
|  TerraClassicUSDUSTC | $0.01123 | -2.98% | +7.36% | $62.85M | $4.96M | 5.60B | Trade | |
| $0.0003765 | +0.08% | +35.09% | $167,906.14 | $1.72 | 446.01M | |||
|  Basis CashBAC | $0.001458 | +0.71% | +0.12% | $79,562.55 | $10,552.42 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002360 | -0.08% | +8.68% | $49,554.25 | $9,853.19 | 21.00M | ||
|  One CashONC | $0.03967 | -3.00% | -4.07% | $0 | $12,042.5 | 0.00 | ||
|  TombTOMB | $0.004027 | -6.42% | +21.10% | $0 | $0 | 0.00 | ||
| $0.1071 | +0.20% | +0.34% | $0 | $11,239.7 | 0.00 | |||
| $0.01110 | -3.49% | +3.54% | $0 | $802,664.95 | 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.