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Top Seigniorage tokens by market capitalization
Seigniorage contains 8 coins with a total market capitalization of $594.96M and an average price change of -2.97%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9973 | -0.04% | -0.22% | $297.83M | $3.23M | 298.64M | ||||
 Frax (prev. FXS)FRAX | $2.57 | -11.65% | -17.47% | $228.79M | $18.59M | 88.88M | Trade | ||
 TerraClassicUSDUSTC | $0.01278 | -4.91% | -5.80% | $71.49M | $8.91M | 5.59B | Trade | ||
 Seigniorage SharesSHARE | $0.004999 | -0.02% | -10.24% | $104,979.1 | $80,972.07 | 21.00M | |||
 Basis CashBAC | $0.001800 | -1.53% | -4.60% | $98,226.74 | $74,086.61 | 54.58M | |||
 TombTOMB | $0.002251 | -7.20% | -7.05% | $0 | $0 | 0.00 | |||
| $0.01272 | -4.63% | -6.51% | $0 | $967,080.07 | 0.00 | ||||
| $0.1052 | -2.39% | -3.70% | $0 | $81,504.48 | 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.