Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $967.17M and an average price change of -1.59%. 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 | $0.9957 | +0.04% | +0.01% | $646.67M | $8.18M | 649.43M | ||
|  Frax ShareFXS | $2.53 | -4.04% | -26.12% | $217.32M | $24.73M | 85.88M | Trade | |
|  TerraClassicUSDUSTC | $0.01823 | -5.14% | -21.15% | $101.42M | $11.68M | 5.56B | Trade | |
| $0.0006453 | -2.82% | -21.65% | $287,799.81 | $3.16 | 446.01M | |||
|  Basis CashBAC | $0.002280 | +4.09% | -4.98% | $124,424.62 | $1,335.03 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.005095 | -2.15% | -15.16% | $107,002.16 | $39.49 | 21.00M | ||
|  Basis ShareBAS | $0.05992 | -0.46% | -53.25% | $0 | $0 | 0.00 | ||
|  One CashONC | $0.06240 | +3.98% | +18.66% | $0 | $279.43 | 0.00 | ||
|  TombTOMB | $0.007617 | -0.70% | -20.60% | $0 | $3,415.61 | 0.00 | ||
| $0.01824 | -4.91% | -21.15% | $0 | $1.03M | 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.