Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $1.03B and an average price change of +2.77%. 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 | $0.9952 | -0.15% | -0.10% | $646.31M | $21.90M | 649.43M | ||
|  Frax ShareFXS | $2.8 | +7.41% | +22.06% | $237.99M | $28.09M | 84.90M | Trade | |
|  TerraClassicUSDUSTC | $0.02565 | +3.81% | +7.25% | $142.73M | $36.50M | 5.56B | Trade | |
| $0.0006520 | +0.70% | +10.08% | $290,802.25 | $3.3 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.004999 | -11.03% | -8.79% | $104,982.2 | $159.43 | 21.00M | ||
|  Basis CashBAC | $0.001645 | +6.00% | +0.12% | $89,756.44 | $717.65 | 54.58M | ||
|  Basis ShareBAS | $0.05992 | -0.46% | -53.25% | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.008449 | +8.22% | +16.66% | $0 | $4,771.99 | 0.00 | ||
| $0.02573 | +4.02% | +7.74% | $0 | $1.60M | 0.00 | |||
|  One CashONC | $0.06107 | -6.64% | +3.15% | $0 | $292.36 | 0.00 | ||
| $0.1329 | -7.40% | -5.47% | $0 | $336.26 | 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.