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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $612.62M and an average price change of -0.96%. 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 | -0.06% | +0.05% | $296.54M | $3.83M | 296.98M | ||||
 Frax (prev. FXS)FRAX | $2.69 | +0.07% | -12.13% | $239.50M | $12.38M | 89.04M | Trade | ||
 TerraClassicUSDUSTC | $0.01322 | -1.19% | -8.91% | $73.94M | $4.70M | 5.59B | Trade | ||
| $0.0004212 | -0.08% | -0.11% | $187,851.91 | $3.59 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.005889 | -9.04% | +0.73% | $123,675.69 | $18,321.23 | 21.00M | |||
 Basis CashBAC | $0.001814 | -0.12% | -1.59% | $98,989.68 | $17,452.33 | 54.58M | |||
 One CashONC | $0.05482 | -1.34% | +0.71% | $0 | $21,201.97 | 0.00 | |||
 TombTOMB | $0.002646 | -6.70% | -1.09% | $0 | $0 | 0.00 | |||
| $0.01325 | -4.61% | -4.47% | $0 | $616,229.18 | 0.00 | ||||
| $0.1052 | +0.29% | +1.35% | $0 | $20,961.09 | 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.