Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $992.64M and an average price change of -1.25%. 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 | $0.9960 | +0.17% | +0.07% | $646.83M | $20.41M | 649.43M | |||
Frax ShareFXS | $2.95 | -5.00% | -13.01% | $257.79M | $37.53M | 87.35M | Trade | ||
TerraClassicUSDUSTC | $0.01580 | -6.06% | -12.25% | $87.88M | $11.41M | 5.56B | Trade | ||
$0.0007041 | -0.21% | +0.28% | $314,045.89 | $3.21 | 446.01M | ||||
Seigniorage SharesSHARE | $0.004478 | -4.72% | -5.15% | $94,043.64 | $28.51 | 21.00M | |||
Basis CashBAC | $0.001695 | +0.02% | -0.01% | $92,516.27 | $181.91 | 54.58M | |||
Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | |||
TombTOMB | $0.004105 | +5.16% | -10.66% | $0 | $27,911.22 | 0.00 | |||
$0.01582 | -5.91% | -11.83% | $0 | $1.77M | 0.00 | ||||
One CashONC | $0.05921 | -1.57% | -13.68% | $0 | $113.71 | 0.00 | |||
$0.1095 | +0.02% | -10.45% | $0 | $133.23 | 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.