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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $621.27M and an average price change of -1.68%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9972 | -0.05% | -0.26% | $297.80M | $4.44M | 298.64M | ||||
 Frax (prev. FXS)FRAX | $2.81 | -4.33% | -15.04% | $249.09M | $12.15M | 88.79M | Trade | ||
 TerraClassicUSDUSTC | $0.01252 | -4.08% | -13.49% | $70.04M | $13.64M | 5.59B | Trade | ||
| $0.0004337 | -3.33% | +3.03% | $193,439.66 | $3.3 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.004829 | -2.91% | -10.76% | $101,402.82 | $78,951.58 | 21.00M | |||
 Basis CashBAC | $0.001822 | +0.08% | +2.22% | $99,457.38 | $80,940.5 | 54.58M | |||
 One CashONC | $0.05289 | +0.60% | -4.52% | $0 | $81,184.13 | 0.00 | |||
 TombTOMB | $0.002244 | -9.35% | -16.48% | $0 | $2,139.9 | 0.00 | |||
| $0.01281 | -4.57% | -11.42% | $0 | $1.06M | 0.00 | ||||
| $0.1071 | -3.08% | -1.64% | $0 | $81,727.82 | 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.