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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $390.12M and an average price change of -5.26%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9939 | +0.04% | -0.27% | $278.64M | $390,650.59 | 280.35M | ||||
 Frax (prev. FXS)FRAX | $0.7294 | -3.70% | -12.29% | $63.94M | $7.16M | 87.66M | Trade | ||
 TerraClassicUSDUSTC | $0.009074 | -23.28% | +46.69% | $50.67M | $63.22M | 5.58B | Trade | ||
| $0.0004217 | +6.81% | +4.64% | $188,074.49 | $2.07 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.005931 | +3.24% | +54.30% | $124,557.05 | $11,507.77 | 21.00M | |||
 Basis CashBAC | $0.001712 | -2.06% | +0.15% | $93,439.01 | $12,045.42 | 54.58M | |||
 One CashONC | $0.02504 | -1.14% | -2.87% | $0 | $11,703.87 | 0.00 | |||
| $0.05429 | +1.90% | -1.22% | $0 | $11,788.86 | 0.00 | ||||
| $0.009011 | -17.09% | +47.29% | $0 | $4.43M | 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.