Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $1.04B and an average price change of -2.90%. 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 | $0.9961 | -0.04% | +0.04% | $646.93M | $48.72M | 649.43M | ||
|  Frax ShareFXS | $3.37 | -3.88% | +4.74% | $293.73M | $35.84M | 87.15M | Trade | |
|  TerraClassicUSDUSTC | $0.01838 | -5.00% | -0.88% | $102.22M | $7.46M | 5.56B | Trade | |
| $0.0006945 | +0.29% | -1.12% | $309,734.38 | $3.17 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.004597 | -2.56% | -0.64% | $96,527.05 | $26.4 | 21.00M | ||
|  Basis CashBAC | $0.001745 | -0.07% | -0.65% | $95,236.95 | $8.45 | 54.58M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.004504 | -14.18% | -7.16% | $0 | $2,647.42 | 0.00 | ||
|  One CashONC | $0.06444 | +0.08% | -4.07% | $0 | $1,160.28 | 0.00 | ||
| $0.01836 | -5.20% | -1.21% | $0 | $1.31M | 0.00 | |||
| $0.1151 | +1.84% | -4.02% | $0 | $6 | 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.