Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $1.12B and an average price change of -0.69%. 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 | $0.9971 | -0.11% | -0.10% | $647.57M | $7.02M | 649.43M | |||
Frax ShareFXS | $4.18 | -3.83% | +1.75% | $331.41M | $10.29M | 79.26M | Trade | ||
TerraClassicUSDUSTC | $0.02128 | -3.81% | -9.13% | $145.03M | $6.06M | 6.82B | Trade | ||
$0.0005201 | -0.46% | +1.57% | $231,951.83 | $0 | 446.01M | ||||
Seigniorage SharesSHARE | $0.008867 | +0.53% | +2.74% | $185,615.77 | $15,101.05 | 20.93M | |||
Basis CashBAC | $0.002821 | -2.38% | +0.65% | $153,950.85 | $11,882.03 | 54.58M | |||
Basis ShareBAS | $0.1802 | -0.02% | -7.32% | $0 | $0 | 0.00 | |||
TombTOMB | $0.009144 | -2.84% | +17.39% | $0 | $5,650.75 | 0.00 | |||
One CashONC | $0.09998 | +8.34% | +1.42% | $0 | $19,560.61 | 0.00 | |||
$0.02128 | -3.77% | -9.03% | $0 | $326,624.38 | 0.00 | ||||
$0.2245 | -1.38% | +14.81% | $0 | $19,082.61 | 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.