Top Seigniorage tokens by market capitalization
Seigniorage contains 11 coins with a total market capitalization of $1.18B and an average price change of -2.33%. 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.
See more
| Name | Price | 24h % | 7d % | Market cap | 24h volume | Supply | Last 24h | Operation | |
|---|---|---|---|---|---|---|---|---|---|
 |  FraxFRAX | $0.9975 | -0.00% | -0.04% | $647.84M | $13.58M | 649.43M | ||
|  Frax ShareFXS | $4.7 | -4.03% | -0.37% | $374.98M | $21.95M | 79.84M | Trade | |
|  TerraClassicUSDUSTC | $0.02329 | -3.30% | +4.24% | $158.72M | $9.73M | 6.82B | Trade | |
| $0.0005410 | +0.09% | -0.12% | $241,275.1 | $0 | 446.01M | |||
|  Seigniorage SharesSHARE | $0.009155 | -1.21% | -10.70% | $191,639.14 | $46.92 | 20.93M | ||
|  Basis CashBAC | $0.002881 | +0.14% | +6.43% | $157,210.95 | $11,722.2 | 54.58M | ||
|  Basis ShareBAS | $0.1641 | +1.17% | +9.55% | $0 | $1,081.11 | 0.00 | ||
|  TombTOMB | $0.007818 | -4.25% | -11.77% | $0 | $11,985.39 | 0.00 | ||
| $0.02328 | -3.20% | +4.33% | $0 | $210,701.55 | 0.00 | |||
|  One CashONC | $0.09479 | -5.39% | -6.59% | $0 | $17,128.07 | 0.00 | ||
| $0.2163 | -2.29% | +1.94% | $0 | $14,048.23 | 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.