Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $539.78M and an average price change of -1.90%. 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 | $0.9993 | -0.06% | +0.03% | $319.67M | $4.01M | 319.91M | ||
|  Frax ShareFXS | $1.71 | -5.29% | +6.68% | $152.80M | $11.49M | 89.28M | Trade | |
|  TerraClassicUSDUSTC | $0.01153 | -3.73% | +7.34% | $64.50M | $8.28M | 5.60B | Trade | |
| $0.0003765 | -0.03% | +22.81% | $167,904.96 | $1.7 | 446.01M | |||
|  Basis CashBAC | $0.001453 | -0.83% | -0.82% | $79,274.29 | $55,711.06 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002441 | -0.44% | +8.12% | $51,262.5 | $54,863.18 | 21.00M | ||
|  TombTOMB | $0.004169 | -6.10% | +11.01% | $0 | $14.34 | 0.00 | ||
|  One CashONC | $0.04194 | -3.03% | +3.15% | $0 | $58,949.91 | 0.00 | ||
| $0.01166 | -3.56% | +3.24% | $0 | $835,165.63 | 0.00 | |||
| $0.1053 | +0.16% | +0.22% | $0 | $58,063.9 | 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.