Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $774.83M and an average price change of -1.56%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $0.9960 | -0.07% | -0.04% | $524.05M | $76.81M | 526.14M | ||
|  Frax ShareFXS | $1.84 | -2.57% | -0.23% | $161.24M | $25.18M | 87.47M | Trade | |
|  TerraClassicUSDUSTC | $0.01612 | -6.30% | -7.34% | $89.60M | $13.22M | 5.56B | Trade | |
| $0.0004795 | -3.86% | -6.55% | $213,868.75 | $2.36 | 446.01M | |||
|  Basis CashBAC | $0.001668 | +8.53% | +8.46% | $91,006.37 | $303.46 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.003934 | -0.20% | +4.48% | $82,604.79 | $68.05 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.009062 | -2.46% | +41.42% | $0 | $16,127.92 | 0.00 | ||
| $0.01611 | -6.36% | -7.53% | $0 | $1.19M | 0.00 | |||
|  One CashONC | $0.05174 | -0.12% | -3.11% | $0 | $8.8 | 0.00 | ||
| $0.1035 | -0.01% | -0.86% | $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.