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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $665.82M and an average price change of -2.92%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9994 | -0.02% | -0.03% | $299.47M | $3.49M | 299.64M | ||||
 Frax (prev. FXS)FRAX | $3.26 | -9.14% | -6.82% | $289.69M | $27.44M | 88.76M | Trade | ||
 TerraClassicUSDUSTC | $0.01403 | -5.12% | -13.28% | $78.49M | $7.12M | 5.59B | Trade | ||
| $0.0004213 | +0.05% | -0.07% | $187,924.47 | $3.61 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.005410 | -4.80% | -5.60% | $113,610.08 | $80,928.53 | 21.00M | |||
 Basis CashBAC | $0.001842 | -2.55% | +2.41% | $100,525.5 | $81,210.63 | 54.58M | |||
 One CashONC | $0.05424 | -0.06% | -4.71% | $0 | $82,667.3 | 0.00 | |||
 TombTOMB | $0.002516 | -7.85% | -18.86% | $0 | $7.4 | 0.00 | |||
| $0.01402 | -4.43% | -12.21% | $0 | $805,436.31 | 0.00 | ||||
| $0.1095 | +0.04% | +3.32% | $0 | $83,345.88 | 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.