Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $800.06M and an average price change of +1.06%. 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 | $0.9980 | -0.01% | +0.03% | $648.12M | $18.30M | 649.43M | ||
|  Frax ShareFXS | $4.33 | +0.30% | +2.37% | $343.36M | $13.07M | 79.26M | Trade | |
|  TerraClassicUSDUSTC | $0.02220 | -0.60% | -5.64% | $151.31M | $9.26M | 6.82B | Trade | |
| $0.0005224 | +0.23% | +2.11% | $233,007.55 | $0 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.008881 | +2.84% | +4.42% | $185,901.67 | $8,930.02 | 20.93M | ||
|  Basis CashBAC | $0.002875 | +0.36% | -0.51% | $156,877.15 | $14,188.15 | 54.58M | ||
|  Basis ShareBAS | $0.1802 | -0.02% | -7.32% | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.009411 | +6.62% | +21.43% | $0 | $4,071 | 0.00 | ||
|  One CashONC | $0.09234 | -1.89% | -9.12% | $0 | $19,709.41 | 0.00 | ||
| $0.02221 | -0.61% | -4.94% | $0 | $338,713.5 | 0.00 | |||
| $0.2274 | +4.46% | +15.69% | $0 | $11,748.38 | 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.