Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $991.35M and an average price change of +1.17%. 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 | $0.9958 | +0.05% | -0.04% | $646.67M | $11.64M | 649.43M | ||
|  Frax ShareFXS | $2.81 | +12.26% | -20.20% | $241.19M | $32.79M | 85.94M | Trade | |
|  TerraClassicUSDUSTC | $0.01851 | +2.01% | -21.37% | $102.98M | $9.85M | 5.56B | Trade | |
| $0.0006393 | -0.35% | -23.47% | $285,124.15 | $3.16 | 446.01M | |||
|  Basis CashBAC | $0.002240 | -1.77% | -19.81% | $122,238.69 | $9,837.2 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.004895 | +1.35% | -18.78% | $102,800.11 | $4.52 | 21.00M | ||
|  Basis ShareBAS | $0.05992 | -0.46% | -53.25% | $0 | $0 | 0.00 | ||
|  One CashONC | $0.04951 | -20.68% | -17.47% | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.007378 | -3.09% | -34.69% | $0 | $3,527.19 | 0.00 | ||
| $0.1122 | -6.47% | -11.04% | $0 | $50.02 | 0.00 | |||
| $0.01849 | +2.47% | -21.81% | $0 | $965,511.36 | 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.