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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $373.08M and an average price change of -1.62%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9921 | +0.12% | -0.10% | $278.15M | $126,552.8 | 280.35M | ||||
 Frax (prev. FXS)FRAX | $0.6359 | +3.33% | -10.97% | $55.75M | $4.17M | 87.67M | Trade | ||
 TerraClassicUSDUSTC | $0.006895 | -1.71% | -15.11% | $38.50M | $8.82M | 5.58B | Trade | ||
| $0.0004208 | -0.10% | +9.24% | $187,686.46 | $1.89 | 446.01M | ||||
 Basis CashBAC | $0.001763 | +0.01% | -0.13% | $96,225.73 | $11,620.61 | 54.58M | |||
 Seigniorage SharesSHARE | $0.001122 | -10.29% | -80.17% | $12,688.3 | $11,388.22 | 11.30M | |||
 One CashONC | $0.02372 | -3.71% | -4.77% | $0 | $11,803.28 | 0.00 | |||
| $0.006952 | -1.78% | -13.89% | $0 | $687,370.67 | 0.00 | ||||
| $0.05744 | +3.42% | +5.33% | $0 | $11,591.87 | 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.