Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $963.27M and an average price change of -5.96%. 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 | $0.9951 | -0.08% | -0.07% | $646.24M | $10.11M | 649.43M | ||
|  Frax ShareFXS | $2.51 | -11.89% | -26.64% | $215.21M | $21.77M | 85.88M | Trade | |
|  TerraClassicUSDUSTC | $0.01817 | -8.54% | -20.79% | $101.10M | $10.78M | 5.56B | Trade | |
| $0.0006421 | -7.66% | -22.18% | $286,403.22 | $3.14 | 446.01M | |||
|  Basis CashBAC | $0.002189 | -0.39% | -8.79% | $119,437.86 | $1,332.54 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.004829 | -5.25% | -19.60% | $101,402.63 | $5.22 | 21.00M | ||
|  TombTOMB | $0.007469 | -7.79% | -23.08% | $0 | $3,974.03 | 0.00 | ||
| $0.01818 | -8.38% | -20.79% | $0 | $962,707.92 | 0.00 | |||
|  One CashONC | $0.06239 | -4.00% | +6.65% | $0 | $262.56 | 0.00 | ||
| $0.1122 | -6.43% | -13.64% | $0 | $595.77 | 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.