Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $735.14M and an average price change of +2.56%. 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 | Operation | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $0.9972 | -0.02% | +0.03% | $647.64M | $34.97M | 649.43M | ||
|  Frax ShareFXS | $2.49 | +4.32% | -17.49% | $200.31M | $13.67M | 80.30M | Trade | |
|  TerraClassicUSDUSTC | $0.01560 | +8.73% | -12.13% | $87.04M | $11.00M | 5.58B | Trade | |
| $0.0004825 | +1.09% | -2.84% | $215,211.19 | $0 | 446.01M | |||
|  Basis CashBAC | $0.002064 | -3.89% | -13.86% | $112,617.99 | $219.61 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.004450 | -1.71% | -24.08% | $93,148.39 | $279.88 | 20.93M | ||
|  Basis ShareBAS | $0.1539 | +8.00% | -4.40% | $0 | $56 | 0.00 | ||
|  TombTOMB | $0.004296 | +7.31% | -13.98% | $0 | $1,389.4 | 0.00 | ||
| $0.01558 | +8.21% | -12.19% | $0 | $207,663.97 | 0.00 | |||
|  One CashONC | $0.09140 | -0.68% | -1.63% | $0 | $13,693.31 | 0.00 | ||
| $0.1999 | -4.48% | -4.91% | $0 | $24,723.38 | 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.