Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $777.31M and an average price change of -1.56%. 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 | Action | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $0.9963 | -0.02% | -0.03% | $524.17M | $76.46M | 526.14M | ||
|  Frax ShareFXS | $1.85 | -2.61% | +0.45% | $161.72M | $24.66M | 87.47M | Trade | |
|  TerraClassicUSDUSTC | $0.01641 | -5.37% | -7.74% | $91.21M | $13.42M | 5.56B | Trade | |
| $0.0004813 | -2.87% | -5.60% | $214,680.81 | $2.39 | 446.01M | |||
|  Basis CashBAC | $0.001669 | +2.62% | +8.57% | $91,083.44 | $247.79 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.003937 | -3.10% | +4.58% | $82,674.75 | $64.11 | 21.00M | ||
|  Basis ShareBAS | $0.07501 | -- | -- | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.009071 | -9.80% | +41.26% | $0 | $14,319.55 | 0.00 | ||
| $0.01641 | -5.49% | -7.50% | $0 | $1.24M | 0.00 | |||
|  One CashONC | $0.05178 | -0.02% | -3.02% | $0 | $8.8 | 0.00 | ||
| $0.1018 | -1.67% | -7.13% | $0 | $14.74 | 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.