Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $888.95M and an average price change of +0.98%. 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 | $0.9962 | -0.00% | +0.00% | $632.03M | $13.54M | 634.43M | ||
|  Frax ShareFXS | $1.78 | -1.62% | +6.30% | $155.86M | $11.01M | 87.58M | Trade | |
|  TerraClassicUSDUSTC | $0.01806 | -0.98% | +41.42% | $100.37M | $42.08M | 5.56B | Trade | |
| $0.0005036 | -0.63% | +2.61% | $224,626.18 | $2.48 | 446.01M | |||
|  Basis CashBAC | $0.001635 | +6.37% | +1.87% | $89,243.42 | $7.08 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.004187 | +11.22% | +7.91% | $87,930.01 | $24.91 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.006066 | -3.40% | +29.56% | $0 | $2,350.16 | 0.00 | ||
| $0.01809 | -0.73% | +43.90% | $0 | $677,225.12 | 0.00 | |||
|  One CashONC | $0.04935 | -3.08% | +0.02% | $0 | $20.53 | 0.00 | ||
| $0.1123 | +2.42% | +6.98% | $0 | $3.39 | 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.