Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $963.63M and an average price change of -2.00%. 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 | $0.9958 | -0.01% | +0.03% | $646.73M | $17.33M | 649.43M | ||
|  Frax ShareFXS | $2.29 | -4.06% | +6.35% | $194.12M | $19.28M | 84.90M | Trade | |
|  TerraClassicUSDUSTC | $0.02199 | -3.97% | -3.50% | $122.33M | $15.41M | 5.56B | Trade | |
| $0.0005836 | -1.77% | +4.45% | $260,307.86 | $2.91 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.004955 | -4.38% | +7.21% | $104,058.61 | $73.51 | 21.00M | ||
|  Basis CashBAC | $0.001493 | -1.37% | -1.34% | $81,470.54 | $333.62 | 54.58M | ||
|  Basis ShareBAS | $0.05992 | -0.46% | -53.25% | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.006277 | -3.56% | -8.31% | $0 | $4,285.35 | 0.00 | ||
| $0.02192 | -4.16% | -3.85% | $0 | $384,664.53 | 0.00 | |||
|  One CashONC | $0.06107 | -6.64% | +3.15% | $0 | $292.36 | 0.00 | ||
| $0.1383 | -1.71% | -4.49% | $0 | $67.77 | 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.