Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $606.20M and an average price change of +0.34%. 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 | $0.9992 | -0.04% | +0.05% | $348.40M | $4.97M | 348.70M | ||
|  Frax ShareFXS | $2.12 | -1.18% | +11.21% | $188.00M | $15.14M | 88.82M | Trade | |
|  TerraClassicUSDUSTC | $0.01329 | +0.86% | +4.89% | $73.83M | $4.36M | 5.55B | Trade | |
| $0.0004054 | -1.13% | +9.26% | $180,797.27 | $2.15 | 446.01M | |||
|  Basis CashBAC | $0.001487 | +1.70% | -0.29% | $81,141.58 | $35.67 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002920 | +0.27% | +1.67% | $61,309.99 | $19.86 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  One CashONC | $0.04573 | +0.20% | -1.39% | $0 | $7.61 | 0.00 | ||
|  TombTOMB | $0.006013 | +2.36% | +27.91% | $0 | $538.28 | 0.00 | ||
| $0.01316 | -0.39% | +4.39% | $0 | $891,247.09 | 0.00 | |||
| $0.1122 | +0.01% | +4.87% | $0 | $0 | 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.