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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $459.95M and an average price change of -1.46%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9967 | +0.03% | -0.05% | $291.10M | $132,499.1 | 292.06M | ||||
 Frax (prev. FXS)FRAX | $1.39 | -1.00% | +2.37% | $124.23M | $5.80M | 89.29M | Trade | ||
 TerraClassicUSDUSTC | $0.008196 | +1.04% | +2.84% | $45.79M | $4.71M | 5.59B | Trade | ||
| $0.0004209 | -0.03% | +0.02% | $187,747.28 | $2.78 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.004743 | +2.98% | +1.31% | $99,603.82 | $16,537.32 | 21.00M | |||
 Basis CashBAC | $0.001713 | +0.47% | -1.04% | $93,465.77 | $16,903.69 | 54.58M | |||
 One CashONC | $0.05519 | -10.53% | -4.18% | $0 | $18,105.32 | 0.00 | |||
| $0.008153 | +0.04% | +2.19% | $0 | $379,065.91 | 0.00 | ||||
| $0.1098 | -0.08% | -2.40% | $0 | $17,462.2 | 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.