Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $576.11M and an average price change of +1.51%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
 |  Frax ShareFXS | $1.78 | -2.21% | -12.54% | $158.63M | $10.13M | 88.95M | Trade | |
|  TerraClassicUSDUSTC | $0.01189 | -0.37% | +1.87% | $66.52M | $5.42M | 5.60B | Trade | |
| $0.0003494 | -0.98% | -3.57% | $155,853.97 | $1.68 | 446.01M | |||
|  Basis CashBAC | $0.001474 | +0.45% | -1.44% | $80,468.42 | $1,877.83 | 54.58M | ||
|  Seigniorage SharesSHARE | $0.002628 | -0.25% | -1.34% | $55,179.38 | $1,766.58 | 21.00M | ||
|  Basis ShareBAS | $0.07498 | -- | -- | $0 | $0 | 0.00 | ||
|  One CashONC | $0.04090 | -2.02% | -4.54% | $0 | $1,519.58 | 0.00 | ||
|  TombTOMB | $0.004070 | -5.78% | -4.68% | $0 | $5.84 | 0.00 | ||
| $0.01225 | +2.25% | +5.10% | $0 | $694,931.53 | 0.00 | |||
| $0.1079 | -4.71% | -4.96% | $0 | $2,177.14 | 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.