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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $624.93M and an average price change of +8.04%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9991 | +0.01% | -0.05% | $314.61M | $611,742.51 | 314.90M | ||||
 Frax (prev. FXS)FRAX | $2.65 | +3.97% | -5.72% | $239.98M | $9.00M | 90.65M | Trade | ||
 TerraClassicUSDUSTC | $0.01294 | +15.71% | +8.98% | $72.39M | $49.37M | 5.59B | Trade | ||
| $0.0004214 | +0.25% | +7.97% | $187,936.31 | $2.78 | 446.01M | ||||
 Basis CashBAC | $0.001986 | +1.22% | +3.29% | $108,362.92 | $105,433.6 | 54.58M | |||
 Seigniorage SharesSHARE | $0.003964 | +27.98% | +0.14% | $83,237.14 | $103,586.01 | 21.00M | |||
 One CashONC | $0.07063 | +4.34% | +35.79% | $0 | $108,814.17 | 0.00 | |||
 TombTOMB | $0.002754 | +5.76% | -9.28% | $0 | $0 | 0.00 | |||
| $0.01288 | +14.84% | +8.32% | $0 | $1.83M | 0.00 | ||||
| $0.1145 | +6.01% | +11.91% | $0 | $112,257.77 | 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.