TOSHI Source and Development

The Toshi project draws inspiration from Coinbase co-founder Brian Armstrong’s cat and Bitcoin’s pseudonymous creator, Satoshi Nakamoto. By combining these two influences, the project was named “Toshi”, paying tribute to the origins of cryptocurrency while adding a unique cultural identity and viral appeal.

Toshi is a community-driven initiative built on Base, Coinbase’s Layer 2 blockchain. Base provides a secure, efficient, and low-cost infrastructure, enabling Toshi to leverage Ethereum’s ecosystem while addressing network congestion and high gas fees. This technical foundation ensures scalability and supports the project’s long-term development.

Image Source:https://x.com/toshi_base

The TOSHI token was launched on July 31, 2023, followed by the introduction of NFToshis in August 2023 on Base. A total of 3,000 algorithmically generated NFTs were issued, featuring unique traits, and were exclusively mintable for free by TOSHI token holders. This helped strengthen the link between TOSHI tokens and NFTs, drawing significant community engagement.

Building on this momentum, the team introduced Toshi Mart and Toshi Tools, expanding the project’s ecosystem. In 2024, the launch of MEOW DAO marked Toshi’s transition toward decentralized governance. Additionally, the NFToshis 2.0 initiative was announced, aiming to release 5,000 new unique digital assets, granting holders exclusive benefits and further solidifying NFToshis’ role within the Toshi ecosystem.

TOSHI Token Economy

TOSHI token is an important MEME coin in the Base ecosystem, named after Coinbase co-founder Brian Armstrong’s cat and Bitcoin’s anonymous creator Satoshi Nakamoto. The TOSHI token was issued on July 31, 2023, with a total issuance, circulation, and maximum supply of 4206.90 billion, with a circulation rate of 100%, deployed on the Base blockchain.

As of February 16, 2025, the TOSHI token price is $0.00069221, with a market capitalization of approximately $293 million.

Image Source:https://www.gate.io/trade/TOSHI_USDT

Users can trade on 37 mainstream cryptocurrency trading platforms such as Coinbase, KUCOIN, MEXC, Gate.io, crypto.com, OURBIT, among which trading is active on platforms like Bybit, Gate.io, and MEXC. As of February 16, 2025, the 24-hour trading volume of the TOSHI/USDT trading pair on Gate.io reached 6.2 billion US dollars.

Image Credits:https://www.toshithecat.com/

According to the data from bsescan, the number of holding addresses for the TOSHI token is 541,646, and the proportion of the top 100 holding addresses to the total is 63.13%. The top one is the Bybit exchange, accounting for 3.4026%. Currently, the holding addresses are relatively dispersed.

Image Source:https://basescan.org/token/tokenholderchart/0xac1bd2486aaf3b5c0fc3fd868558b082a531b2b4

TOSHI token has rich application scenarios, including:

(1) Community Governance: TOSHI token holders can participate in important decisions of the Toshi project through MEOW DAO, exercise voting rights, collectively determine the direction of project development, fund allocation, and promote decentralized governance of the project.

(2) NFT related: The TOSHI token is closely related to NFToshis. When the first generation of NFToshis was launched, only TOSHI token holders could mint for free. In the subsequent plans such as NFToshis 2.0, more opportunities for TOSHI token holders to obtain NFTs and related rights will be provided.

(3) Trading Medium: TOSHI tokens can be traded on 37 mainstream cryptocurrency exchanges such as Coinbase, KUCOIN, MEXC, etc., and serve as an important medium for meme coin trading on the Toshi Mart platform, facilitating users to engage in buying and selling various crypto assets.

(4) Incentivize developers: In Toshi Tools, TOSHI tokens can be used as incentives to attract developers to use the platform’s open-source and permissionless tools for project development, promoting the continuous enrichment and improvement of the Toshi ecosystem.

Meme tokens usually lack practical utility and face high volatility and market uncertainty. The investment risk is high, so investors need to make decisions carefully and invest within their means.

TOSHI Community Governance

Toshi is a community-driven project, and MEOW DAO is the core manifestation of Toshi’s transition to decentralized governance. DAO stands for Decentralized Autonomous Organization, allowing members to participate in project decisions through democratic and transparent voting.

Image Source:https://www.toshithecat.com/

In the MEOW DAO framework, TOSHI token is the core credential for governance participation. Token holders have equal voting rights and can vote on key project decisions, such as development plans, fund allocation, and partnership expansion. This mechanism empowers community members with the power to steer the project, closely linking project development with member interests, stimulating community participation, enhancing a sense of belonging and responsibility among members, and driving the project to move steadily in line with community needs.

Toshi ecosystem tools

The Toshi ecosystem tools mainly include Toshi Mart and Toshi Tools, providing comprehensive support for developers and projects, among which:

(1) Toshi Mart

Toshi Mart is a one-click social launch and trading platform on Base, as well as a major MEME coin launchpad. It provides a convenient platform for the launch of MEME coin projects, reducing the barriers and costs of project launch, enabling more meme coin projects to quickly land in the Base ecosystem, and promoting the spread and development of meme coin culture on the Base chain.

Image Source:https://toshimart.xyz/board

Toshi Mart provides a dedicated venue for MEME coin trading, where users can easily buy and sell various MEME coins on the platform, improving the trading efficiency and liquidity of MEME coins.

（2）Toshi Tools

Toshi Tools provides open-source, permission-free tools for developers building projects on Base. It launched a real-time wallet tracking app. Through the app, users can view the daily top performers in the crypto market sorted by wallet ID, understand the asset dynamics and transactions of different wallets, and help users grasp market trends and discover potential investment opportunities.

In addition, Toshi Tools integrates OpenAI’s GPT-3 machine learning technology, which can analyze a large amount of data on the blockchain. Users can use this function to extract valuable information, analyze market trends, project development trends, etc., to provide a basis for investment decisions. Users are allowed to create models based on their specific configurations and indicators to meet the personalized needs of different users in investment analysis, risk management, etc., enabling users to formulate investment strategies more accurately.

Image Source:https://tools.toshithecat.com/

Developers are supported by Toshi Tools, where the TOSHI token acts as an incentive. When developers use these open-source and permissionless tools to build projects on Base, tokens can be used as rewards to reward developers for their innovation and contributions, attract more technical talents to join the ecosystem, enrich the variety of ecological applications, and enhance the vitality and competitiveness of the ecosystem. As an important platform for meme coins, TOSHI tokens can be used for project start-up, transaction fee payment, etc., to promote the circulation and development of meme coins in the Base ecosystem and improve the ecological economic circulation system.

Toshi NFT

NFToshis is an important part of the Toshi project, a series of non-fungible tokens (NFTs) inspired by Brian Armstrong’s pet cat, which users can trade on multiple mainstream NFT trading platforms such as OpenSea, Rarible, and Floor.

NFToshis was first launched on the Base chain in August 2023, with a total issuance of 3000. Each NFT is generated by more than 110 unique features through algorithms, covering 24 body styles, 13 head accessories, 18 head styles, 12 backgrounds, 18 mouth styles, 15 tail styles, and 18 eye styles, etc., with high uniqueness and scarcity. These NFTs serve as a symbol of community membership, and only TOSHI token holders are eligible to mint the first-generation NFToshis for free, closely linking NFTs with TOSHI tokens, enhancing the sense of belonging and loyalty of community members to the project.

Image Source:https://rarible.com/collection/base/0xbdb1a8772409a0c5eeb347060cbf4b41dd7b2c62/items

NFToshis 2.0 is an upgraded series of NFToshis, planning to issue 5000 unique digital assets. The 2.0 version embodies the brand reshaping of Toshi, bringing more special benefits and rights to the holders, further expanding the application scenarios and value of NFToshis in the Toshi ecosystem, attracting more user attention and participation in the Toshi project, and promoting the development and growth of the Toshi ecosystem.

Image Credits:https://magiceden.io/collections/base/0xbc72a61bd9511c7cf9ed7e4b0cac1b8d0fba4bc6

The first generation of NFToshis is only open to TOSHI token holders for free minting, becoming an exclusive community identity for holders, strengthening the connection between tokens and NFTs, and enhancing the additional value of the tokens. The NFToshis 2.0 series further expands this association, attracting holders to participate with its unique design and limited issuance. In the process of trading and collecting, the TOSHI token may serve as a medium of exchange or a measure of value, promoting the prosperity of the NFT market within the project ecosystem.

Risk Warning

The project leverages the brand influence of Coinbase, has high recognition in the cryptocurrency field; attracts a large number of community members through activities such as free NFT minting, with high community engagement; based on the Base blockchain, it has the security and compatibility of Ethereum, as well as strong transaction processing capabilities and low costs.

However, the overall volatility of the cryptocurrency market is high, and the price of the TOSHI token is significantly affected, making its investment value unstable; the MEME coin market is highly competitive, with new MEME coin projects constantly emerging, posing significant competitive pressure on TOSHI; blockchain technology has technical vulnerabilities and security risks, such as being vulnerable to hacker attacks, which may lead to user asset losses and damage to project reputation; under the decentralized governance model, MEOW DAO may face issues such as low decision-making efficiency and difficulty in reconciling community disagreements.