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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $406.58M and an average price change of +0.16%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9923 | -0.17% | -0.33% | $281.29M | $232,154.46 | 283.48M | ||||
 Frax (prev. FXS)FRAX | $0.7436 | -2.93% | -10.61% | $65.63M | $6.59M | 88.26M | Trade | ||
 TerraClassicUSDUSTC | $0.01009 | +0.70% | +64.10% | $56.33M | $72.06M | 5.58B | Trade | ||
| $0.0003965 | +3.04% | -0.78% | $176,826.05 | $2.04 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.006004 | +56.55% | +52.79% | $126,077.66 | $13,279.06 | 21.00M | |||
 Basis CashBAC | $0.001776 | +0.74% | -10.74% | $96,931.79 | $11,707.49 | 54.58M | |||
 One CashONC | $0.02587 | +4.87% | -40.64% | $0 | $12,759.39 | 0.00 | |||
| $0.05220 | -14.62% | -41.36% | $0 | $12,535.99 | 0.00 | ||||
| $0.01028 | -4.87% | +67.52% | $0 | $6.31M | 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.