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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $612.06M and an average price change of -2.56%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9994 | +0.02% | -0.02% | $314.70M | $3.00M | 314.90M | ||||
 Frax (prev. FXS)FRAX | $2.6 | -3.13% | -10.57% | $235.71M | $11.91M | 90.65M | Trade | ||
 TerraClassicUSDUSTC | $0.01294 | -4.27% | +4.10% | $72.41M | $15.10M | 5.59B | Trade | ||
| $0.0003850 | -8.49% | -4.49% | $171,700.33 | $2.71 | 446.01M | ||||
 Basis CashBAC | $0.001995 | -0.08% | -0.35% | $108,851.25 | $101,347.5 | 54.58M | |||
 Seigniorage SharesSHARE | $0.004792 | +6.47% | +34.00% | $100,623.76 | $110,490.86 | 21.00M | |||
 One CashONC | $0.06945 | -1.45% | +13.55% | $0 | $105,813.23 | 0.00 | |||
 TombTOMB | $0.002854 | +5.76% | -11.08% | $0 | $0.13 | 0.00 | |||
| $0.01300 | -4.74% | +6.27% | $0 | $640,073.62 | 0.00 | ||||
| $0.1408 | +0.71% | +32.33% | $0 | $109,169.24 | 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.