Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $961.61M and an average price change of -4.20%. 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 | $0.9950 | -0.05% | -0.09% | $646.17M | $10.62M | 649.43M | ||
|  Frax ShareFXS | $2.5 | -9.77% | -27.64% | $214.31M | $24.01M | 85.88M | Trade | |
|  TerraClassicUSDUSTC | $0.01807 | -8.81% | -22.39% | $100.54M | $11.23M | 5.56B | Trade | |
| $0.0007006 | +3.95% | -15.39% | $312,494.74 | $3.11 | 446.01M | |||
|  Basis CashBAC | $0.002189 | -0.37% | -8.76% | $119,452.92 | $1,332.58 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.004829 | -7.21% | -19.57% | $101,415.41 | $42.54 | 21.00M | ||
|  Basis ShareBAS | $0.05992 | -0.46% | -53.25% | $0 | $0 | 0.00 | ||
|  One CashONC | $0.06240 | -3.99% | +6.57% | $0 | $262.56 | 0.00 | ||
|  TombTOMB | $0.007403 | -7.21% | -24.03% | $0 | $3,959.9 | 0.00 | ||
| $0.01800 | -8.07% | -22.93% | $0 | $987,773.1 | 0.00 | |||
| $0.1122 | -6.35% | -13.63% | $0 | $597.97 | 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.