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Toshi
Toshi
Toshi is a community-driven memecoin project residing on the Base Layer-2 blockchain. [1][5] It aims to be the premier memecoin on the Base network, leveraging its brand and utility to attract users to the onchain ecosystem. [1]
Overview
The name Toshi pays homage to the CEO of Coinbase - Brian Armstrong’s cat, which was named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin. [1][5] The project serves as the face and mascot of the Base blockchain. [1] The connection to Coinbase runs deeper, as the Coinbase Wallet was originally named Toshi before being rebranded. [1]
From its origins as a memecoin, Toshi has evolved with the goal of becoming an essential project on Base, developing various utilities to support its community and the broader ecosystem. [5]
Recent Developments
On September 17, 2024, the price of TOSHI increased by over 80%, reaching an eight-month high of $0.0011. [6][7] This price movement followed announcements of its listing on major cryptocurrency exchanges. Binance Futures listed a TOSHI/USDT perpetual contract with up to 75x leverage, and the token was also listed on major South Korean exchanges Upbit and Bithumb. [6][7][9][10]
The listings led to a significant surge in trading activity, with daily trading volume increasing by over 4000% to approximately $490 million. [6] Upbit alone accounted for nearly 40% of this volume. [7] Concurrently, on-chain data showed an 8% decrease in TOSHI balances held on exchanges, falling from 121.1 billion to 111.1 billion tokens. Such outflows are often interpreted as a bullish indicator, suggesting reduced selling pressure as holders move tokens into private custody. [6][7]
Ecosystem
Toshi has expanded beyond a simple memecoin to include several platforms and initiatives designed to provide utility and engage its community. [1]
Toshi Mart
Toshi Mart is a social launchpad and trading platform built on the Base network. It is designed to simplify the process of launching new memecoins, offering a "1-click" solution for creators. It positions itself as the premier memecoin launchpad within the Base ecosystem. [1]
MEOW DAO
To foster decentralized governance, the project introduced the MEOW DAO (Decentralized Autonomous Organization). This allows holders of the TOSHI token to participate in the project's decision-making process through voting. Each token represents one vote, empowering the community to guide the future direction of Toshi and its ecosystem. The transition to a DAO model is intended to ensure that Toshi remains a community-led initiative. [1]
The project outlined a comprehensive plan for progressively decentralizing governance, structured in four strategic phases. This evolution is supported by a DAO Foundation, established to nurture the Toshi ecosystem while operating under the DAO's governance framework. [11]
The four-step decentralization process is as follows: [11]
- Initial Proposal Phase: The leadership team introduces proposals, and token holders have the final say through voting, with no veto power from the team.
- Council to Team Proposals: The Toshi Council internally votes on ideas to suggest to the team. The team then decides if these proposals should proceed to a DAO vote, where the token holders' decision is final.
- Empowering Community Voices: Community members can propose their own initiatives. The team reviews these to ensure alignment with the project's goals. Approved proposals are put to a DAO vote, with the community's decision being respected, except in cases where a proposal could cause significant harm.
- Full Community Governance: In the final phase, the community independently proposes and votes on initiatives. The team steps back from governance, and the Foundation is available to assist with execution.
The team is also in the process of selecting a suitable DAO voting platform, considering options like existing platforms or developing a custom solution to accommodate both token and NFT holder voting. The full transition to decentralization is a measured process expected to take a year or more. [11]
NFTOSHIS
Toshi has launched two non-fungible token (NFT) collections. The original NFTOSHIS collection consists of 3,000 unique NFTs that were introduced as a community project on Base. [1]
Following this, the project released NFToshis 2.0, a completely new collection of 5,000 unique NFTs. This second collection features a visual overhaul and is designed to align with the project's rebranding efforts. The NFToshis 2.0 collection is available on the MagicEden marketplace. [1]
Toshi Council
On February 4, 2024, the Toshi team introduced the Toshi Council. The Toshi Council is an initiative inviting community members to lead and innovate within the Toshi ecosystem, granting autonomy and a budget for impactful projects. [4]
It is open to trusted contributors, including non-moderators, and it aims for collaborative growth and tangible contributions, with potential compensation for significant achievements. Supported by the core team, the Council encourages diverse leadership and ensures initiatives resonate with Toshi’s goals, inviting members to shape its future actively. [4]
Partnerships
In September 2025, Toshi announced a partnership with Coinbase One. As part of the collaboration, an exclusive Toshi mint was launched for Coinbase One members. [12]
Token and Trading
Contract Migration
In October 2023, Toshi migrated to a new contract on SushiSwap. The new contract has its tax capped at 3%. [3]
"The $TOSHI Migration was a success!CA: 0xac1bd2486aaf3b5c0fc3fd868558b082a531b2b4Trading is now live on @SushiSwap v2 with 3% tax. Over 95% LP was migrated from Sushi v3 (All the LP Supply owned by the project). All holders were airdropped 1:1 their previous holdings". - the Toshi team tweeted [8]
Exchange Listings
The TOSHI token is available for trading on both decentralized and centralized exchanges. It can be traded on decentralized exchanges like SushiSwap and Uniswap within the Base network. [1][2]
Centralized exchange listings include:
The listings on exchanges like Upbit and Bithumb were announced on September 17, 2024. [9][10] Additionally, perpetual futures contracts for TOSHI are available on platforms such as Coinbase, Binance, Kraken, and Bybit. [1]
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