Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $1.13B and an average price change of +0.04%. 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 | $0.9980 | -0.06% | -0.04% | $648.14M | $16.54M | 649.43M | ||
|  Frax ShareFXS | $4.2 | +0.13% | -4.83% | $332.57M | $15.37M | 79.25M | Trade | |
|  TerraClassicUSDUSTC | $0.02162 | -0.97% | -4.45% | $147.39M | $11.31M | 6.82B | Trade | |
| $0.0005133 | +0.40% | -0.32% | $228,924.77 | $0 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.008519 | -0.01% | -1.74% | $178,315.73 | $15,839.94 | 20.93M | ||
|  Basis CashBAC | $0.002790 | -3.06% | -1.59% | $152,262.11 | $8,125.12 | 54.58M | ||
|  Basis ShareBAS | $0.1802 | -0.02% | -7.32% | $0 | $0 | 0.00 | ||
|  TombTOMB | $0.007098 | -5.22% | -5.83% | $0 | $4,051.31 | 0.00 | ||
| $0.02161 | -0.96% | -4.27% | $0 | $366,096.87 | 0.00 | |||
|  One CashONC | $0.09205 | -14.78% | +2.03% | $0 | $19,555.47 | 0.00 | ||
| $0.2124 | +7.79% | +3.56% | $0 | $8,099.11 | 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.