Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $998.27M and an average price change of +8.73%. 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 | +0.01% | -0.06% | $646.91M | $23.92M | 649.43M | ||
|  Frax ShareFXS | $2.73 | -9.25% | -20.75% | $238.29M | $31.03M | 87.37M | Trade | |
|  TerraClassicUSDUSTC | $0.01584 | -1.90% | -16.88% | $88.10M | $6.08M | 5.56B | Trade | |
| $0.0007024 | +0.22% | +6.05% | $313,266.84 | $3.16 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.004894 | +3.99% | +4.39% | $102,783.43 | $26.96 | 21.00M | ||
|  Basis CashBAC | $0.001647 | -0.02% | -6.00% | $89,875.15 | $37.65 | 54.58M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.006071 | +1.30% | +11.32% | $0 | $19,737.38 | 0.00 | ||
| $0.01580 | -2.14% | -17.21% | $0 | $1.03M | 0.00 | |||
|  One CashONC | $0.05925 | +1.67% | -16.30% | $0 | $70.63 | 0.00 | ||
| $0.1099 | +0.24% | -6.35% | $0 | $435.85 | 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.