Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $561.28M and an average price change of +4.16%. 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 | $0.9986 | -0.03% | +0.01% | $347.66M | $21.73M | 348.13M | ||
|  Frax ShareFXS | $1.67 | +3.94% | -12.98% | $148.64M | $20.86M | 88.83M | Trade | |
|  TerraClassicUSDUSTC | $0.01136 | +2.74% | -1.64% | $63.60M | $17.39M | 5.60B | Trade | |
| $0.0003039 | -1.25% | -14.95% | $135,542.57 | $1.31 | 446.01M | |||
|  Basis CashBAC | $0.001451 | -1.19% | -1.86% | $79,211.55 | $1,807.63 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002251 | -0.72% | -14.33% | $47,271.5 | $2,009.74 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.003650 | -2.69% | -13.20% | $0 | $955.44 | 0.00 | ||
| $0.01160 | +4.95% | +0.65% | $0 | $1.67M | 0.00 | |||
|  One CashONC | $0.04101 | +0.96% | -3.09% | $0 | $1,973.27 | 0.00 | ||
| $0.1052 | +0.12% | -4.05% | $0 | $1,905.05 | 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.