Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $996.75M and an average price change of +0.60%. 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 | $0.9959 | +0.06% | +0.07% | $646.79M | $19.38M | 649.43M | ||
|  Frax ShareFXS | $2.98 | -2.23% | -12.01% | $259.97M | $35.69M | 87.35M | Trade | |
|  TerraClassicUSDUSTC | $0.01608 | -2.67% | -10.84% | $89.45M | $11.42M | 5.56B | Trade | |
| $0.0007057 | +9.93% | +0.64% | $314,745.07 | $3.25 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.004479 | -4.73% | -5.12% | $94,063.3 | $27.45 | 21.00M | ||
|  Basis CashBAC | $0.001695 | +3.15% | +0.00% | $92,523.53 | $258.37 | 54.58M | ||
|  TombTOMB | $0.004291 | +15.78% | -5.97% | $0 | $27,000.94 | 0.00 | ||
| $0.01609 | -2.58% | -10.61% | $0 | $1.72M | 0.00 | |||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  One CashONC | $0.05922 | +1.65% | -18.83% | $0 | $102.96 | 0.00 | ||
| $0.1095 | +0.04% | -10.45% | $0 | $112.29 | 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.