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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $405.06M and an average price change of +0.99%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9962 | +0.14% | +0.35% | $285.23M | $836,262.91 | 286.33M | ||||
 Frax (prev. FXS)FRAX | $0.9514 | -3.45% | -23.39% | $85.40M | $7.34M | 89.76M | Trade | ||
 TerraClassicUSDUSTC | $0.006548 | -2.31% | -12.23% | $36.58M | $1.73M | 5.59B | Trade | ||
| $0.0003846 | -2.18% | -12.10% | $171,524.98 | $2.05 | 446.01M | ||||
 Basis CashBAC | $0.001720 | +0.39% | +1.47% | $93,866.38 | $10,291.44 | 54.58M | |||
 Seigniorage SharesSHARE | $0.003772 | -4.78% | -15.96% | $79,204.69 | $9,369.12 | 21.00M | |||
| $0.006598 | -1.75% | -11.91% | $0 | $229,980.63 | 0.00 | ||||
 One CashONC | $0.04158 | -1.83% | -26.32% | $0 | $9,931.83 | 0.00 | |||
| $0.1090 | -0.72% | +3.19% | $0 | $9,194.15 | 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.