Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $546.24M and an average price change of +0.90%. 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 | $0.9996 | +0.01% | +0.08% | $319.77M | $589,006.24 | 319.91M | ||
|  Frax ShareFXS | $1.75 | +1.94% | -6.64% | $156.63M | $12.78M | 89.28M | Trade | |
|  TerraClassicUSDUSTC | $0.01144 | -0.17% | -5.03% | $64.04M | $8.84M | 5.60B | Trade | |
| $0.0003762 | -0.08% | +6.98% | $167,811.59 | $1.69 | 446.01M | |||
|  Basis CashBAC | $0.001470 | +0.31% | -0.46% | $80,223.32 | $26,928.68 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002348 | -0.34% | -10.40% | $49,305.25 | $27,348.01 | 21.00M | ||
|  TombTOMB | $0.003951 | -2.51% | -3.86% | $0 | $0 | 0.00 | ||
| $0.01142 | +0.16% | -4.91% | $0 | $988,431.66 | 0.00 | |||
|  One CashONC | $0.04195 | +0.27% | -1.73% | $0 | $28,103.15 | 0.00 | ||
| $0.1053 | -1.26% | -2.09% | $0 | $29,295.21 | 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.