Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $543.63M and an average price change of -0.11%. 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 | $0.9987 | -0.08% | -0.10% | $319.45M | $2.97M | 319.87M | ||
|  Frax ShareFXS | $1.76 | +4.36% | -1.09% | $157.62M | $12.78M | 89.51M | Trade | |
|  TerraClassicUSDUSTC | $0.01196 | +1.50% | +0.43% | $66.92M | $14.06M | 5.60B | Trade | |
| $0.0003768 | -0.11% | -0.05% | $168,041.5 | $1.76 | 446.01M | |||
|  Basis CashBAC | $0.001570 | -1.06% | +7.65% | $85,676.25 | $69,209.16 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002391 | +0.83% | +1.85% | $50,220.21 | $62,628.6 | 21.00M | ||
|  TombTOMB | $0.003944 | -1.13% | -6.86% | $0 | $0 | 0.00 | ||
| $0.01207 | +0.63% | +1.72% | $0 | $713,620.92 | 0.00 | |||
|  One CashONC | $0.03999 | +0.47% | -4.09% | $0 | $259.8 | 0.00 | ||
| $0.1048 | -1.97% | -0.35% | $0 | $68,937.11 | 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.