Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $963.41M and an average price change of -1.07%. 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 | $0.9958 | +0.02% | +0.05% | $646.73M | $17.83M | 649.43M | ||
|  Frax ShareFXS | $2.29 | -2.87% | +8.13% | $194.17M | $19.34M | 84.90M | Trade | |
|  TerraClassicUSDUSTC | $0.02200 | -3.46% | -1.67% | $122.40M | $15.44M | 5.56B | Trade | |
|  Seigniorage SharesSHARE | $0.004969 | -3.80% | +7.76% | $104,342.42 | $73.77 | 21.00M | ||
|  Basis CashBAC | $0.001599 | +5.63% | +5.76% | $87,256.7 | $376.68 | 54.58M | ||
|  Basis ShareBAS | $0.05992 | -0.46% | -53.25% | $0 | $0 | 0.00 | ||
|  One CashONC | $0.06107 | -6.64% | +3.15% | $0 | $292.36 | 0.00 | ||
|  TombTOMB | $0.006280 | -1.97% | -6.30% | $0 | $2,949 | 0.00 | ||
| $0.02197 | -3.60% | -2.10% | $0 | $389,026.87 | 0.00 | |||
| $0.1383 | -1.71% | -4.49% | $0 | $67.77 | 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.