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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $607.10M and an average price change of +1.37%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9982 | -0.02% | -0.06% | $296.40M | $949,125.26 | 296.93M | ||||
 Frax (prev. FXS)FRAX | $2.63 | +2.04% | -5.62% | $234.47M | $9.44M | 89.22M | Trade | ||
 TerraClassicUSDUSTC | $0.01325 | +0.20% | -1.62% | $74.11M | $4.16M | 5.59B | Trade | ||
| $0.0004210 | -0.08% | +0.07% | $187,778.78 | $3.63 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.006241 | +2.69% | +7.50% | $131,069.04 | $17,910.43 | 21.00M | |||
 Basis CashBAC | $0.001789 | -0.31% | +0.52% | $97,630.7 | $16,822.11 | 54.58M | |||
 One CashONC | $0.05328 | +0.19% | +0.27% | $0 | $17,639.62 | 0.00 | |||
 TombTOMB | $0.002843 | +1.93% | +5.09% | $0 | $3,971.45 | 0.00 | |||
| $0.01330 | +0.27% | -1.55% | $0 | $475,584.51 | 0.00 | ||||
| $0.1097 | +3.04% | +5.70% | $0 | $17,214.89 | 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.