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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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NamePrice24h (%)7D (%)Market cap24h volumeSupplyLast 24hOperation
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Frax
FraxFRAX
$0.9960+0.17%+0.07%$646.83M$20.41M649.43M
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$2.95-5.00%-13.01%$257.79M$37.53M87.35M
Trade
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$0.01580-6.06%-12.25%$87.88M$11.41M5.56B
Trade
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$0.0007041-0.21%+0.28%$314,045.89$3.21446.01M
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$0.004478-4.72%-5.15%$94,043.64$28.5121.00M
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$0.001695+0.02%-0.01%$92,516.27$181.9154.58M
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$0.07501----$0$00.00
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Tomb
TombTOMB
$0.004105+5.16%-10.66%$0$27,911.220.00
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$0.01582-5.91%-11.83%$0$1.77M0.00
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$0.05921-1.57%-13.68%$0$113.710.00
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$0.1095+0.02%-10.45%$0$133.230.00
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.