Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $321.49M and an average price change of +2.83%. 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 | $0.9979 | +0.01% | +0.06% | $648.04M | $5.64M | 649.43M | ||
|  Frax ShareFXS | $2.21 | -2.31% | +10.08% | $182.65M | $15.76M | 82.57M | Trade | |
|  TerraClassicUSDUSTC | $0.02362 | +5.30% | +29.94% | $137.70M | $62.02M | 5.83B | Trade | |
| $0.0004915 | -1.26% | +1.04% | $219,202.91 | $2.39 | 446.01M | |||
|  Basis CashBAC | $0.002021 | -0.00% | -1.86% | $110,286.09 | $126.2 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.004689 | +6.91% | -1.26% | $98,366.45 | $254.67 | 20.98M | ||
|  Basis ShareBAS | $0.1459 | +2.67% | -4.80% | $0 | $187.91 | 0.00 | ||
|  TombTOMB | $0.008030 | +6.11% | +13.44% | $0 | $1,289.44 | 0.00 | ||
| $0.02373 | +5.96% | +30.73% | $0 | $823,556.07 | 0.00 | |||
|  One CashONC | $0.06599 | -1.14% | -4.93% | $0 | $302.85 | 0.00 | ||
| $0.1430 | -3.01% | -10.16% | $0 | $211.58 | 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.