Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $320.80M and an average price change of -3.96%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
 |  Frax ShareFXS | $2.52 | -6.76% | -26.49% | $216.51M | $20.04M | 85.88M | Trade | |
|  TerraClassicUSDUSTC | $0.01854 | -4.92% | -21.04% | $103.15M | $10.33M | 5.56B | Trade | |
| $0.0006484 | -2.50% | -20.83% | $289,201.03 | $3.18 | 446.01M | |||
|  Basis CashBAC | $0.002307 | +5.00% | -3.91% | $125,919.31 | $3,193.85 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.004828 | -5.26% | -19.60% | $101,395.74 | $5.22 | 21.00M | ||
|  Basis ShareBAS | $0.05992 | -0.46% | -53.25% | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.007538 | -11.38% | -24.05% | $0 | $4,668.2 | 0.00 | ||
| $0.01850 | -5.16% | -21.40% | $0 | $907,056.77 | 0.00 | |||
|  One CashONC | $0.06239 | -4.02% | +10.58% | $0 | $262.56 | 0.00 | ||
| $0.1122 | -4.38% | -13.65% | $0 | $57.4 | 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.