Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $748.79M and an average price change of -2.86%. 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 | $0.9966 | +0.01% | +0.08% | $647.21M | $48.27M | 649.43M | ||
|  Frax ShareFXS | $3.3 | -6.38% | +2.85% | $287.44M | $35.49M | 87.15M | Trade | |
|  TerraClassicUSDUSTC | $0.01821 | -6.10% | -1.70% | $101.26M | $7.68M | 5.56B | Trade | |
| $0.0006915 | -0.25% | -1.49% | $308,397.41 | $3.11 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.004596 | -2.56% | -0.68% | $96,508.32 | $26.4 | 21.00M | ||
|  Basis CashBAC | $0.001745 | +2.63% | -0.68% | $95,218.47 | $22.45 | 54.58M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.004477 | -14.95% | -7.73% | $0 | $2,648.94 | 0.00 | ||
|  One CashONC | $0.06442 | +6.33% | -4.10% | $0 | $1,164.58 | 0.00 | ||
| $0.01820 | -6.11% | -1.59% | $0 | $1.29M | 0.00 | |||
| $0.1151 | +1.84% | -4.06% | $0 | $5.99 | 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.