Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $1.13B and an average price change of -0.38%. 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 | $0.9970 | -0.12% | -0.13% | $647.46M | $9.64M | 649.43M | ||
|  Frax ShareFXS | $4.2 | -3.36% | +0.38% | $332.50M | $10.06M | 79.26M | Trade | |
|  TerraClassicUSDUSTC | $0.02135 | -4.30% | -7.38% | $145.54M | $6.27M | 6.82B | Trade | |
| $0.0005200 | -0.42% | +1.44% | $231,943.82 | $0 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.009042 | +1.61% | +4.61% | $189,280.54 | $15,323.91 | 20.93M | ||
|  Basis CashBAC | $0.002786 | -2.93% | -1.66% | $152,065.21 | $13,655.16 | 54.58M | ||
|  Basis ShareBAS | $0.1802 | -0.02% | -7.32% | $0 | $0 | 0.00 | ||
|  One CashONC | $0.1006 | +9.68% | +1.75% | $0 | $20,798.57 | 0.00 | ||
| $0.2244 | -1.24% | +14.45% | $0 | $20,562.73 | 0.00 | |||
|  TombTOMB | $0.009144 | -2.84% | +17.39% | $0 | $5,650.75 | 0.00 | ||
| $0.02136 | -4.25% | -7.35% | $0 | $325,656.93 | 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.