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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $612.98M 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 | Action | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9985 | +0.01% | +0.01% | $296.47M | $760,451.44 | 296.90M | ||||
 Frax (prev. FXS)FRAX | $2.67 | -0.42% | +0.84% | $240.07M | $7.35M | 89.91M | Trade | ||
 TerraClassicUSDUSTC | $0.01338 | +1.23% | +0.44% | $74.80M | $2.68M | 5.59B | Trade | ||
| $0.0004210 | -0.06% | +0.23% | $187,753 | $3.39 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.005890 | +0.02% | -1.58% | $123,685.29 | $17,858.36 | 21.00M | |||
 Basis CashBAC | $0.001812 | +0.14% | -0.49% | $98,904.95 | $16,884.15 | 54.58M | |||
 TombTOMB | $0.002700 | -- | -6.85% | $0 | $0 | 0.00 | |||
| $0.01337 | +1.54% | +0.91% | $0 | $237,627.12 | 0.00 | ||||
 One CashONC | $0.05024 | -0.06% | +2.02% | $0 | $18,160.77 | 0.00 | |||
| $0.1102 | -3.02% | -0.96% | $0 | $17,984.16 | 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.