Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $946.20M 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 | Operation | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $0.9972 | -0.01% | +0.02% | $647.64M | $4.49M | 649.43M | ||
|  Frax ShareFXS | $2.48 | -7.93% | -8.58% | $216.54M | $16.42M | 87.41M | Trade | |
|  TerraClassicUSDUSTC | $0.01467 | -6.12% | -5.91% | $81.56M | $3.51M | 5.56B | Trade | |
| $0.0006187 | -3.82% | -10.10% | $275,943.86 | $3.11 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.004320 | -0.24% | -11.76% | $90,717.61 | $8.9 | 21.00M | ||
|  Basis CashBAC | $0.001594 | +5.81% | -3.88% | $86,970.36 | $645.77 | 54.58M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.006120 | -5.06% | +14.19% | $0 | $56,306.67 | 0.00 | ||
| $0.01469 | -5.92% | -5.77% | $0 | $868,963.32 | 0.00 | |||
|  One CashONC | $0.05778 | +3.18% | -10.59% | $0 | $22.57 | 0.00 | ||
| $0.1249 | -0.51% | +10.12% | $0 | $40.99 | 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.