Toshi (TOSHI), the new darling of the Base eco, is reshaping the cryptocurrency landscape. As a community-driven memecoin under MEOW DAO governance, TOSHI is not only the “Face of Base,” but also showcases unique charm through the NFToshis 2.0 series. As a zero-tax token, Toshi has completely changed the game rules, bringing users an unprecedented trading experience and value.
Toshi (TOSHI) was launched on the Base blockchain, which is an Ethereum Layer-2 solution created by Coinbase, aiming to provide a low-cost, secure, and user-friendly trading environment. Initially launched as a taxed coin, Toshi migrated to Sushi V3 due to the Leet DEX vulnerability incident, then migrated to Sushi V2 and Uniswap V3 due to community decisions, and finally became a 0% taxed coin through a Meow DAO vote in March 2024.
Its name is derived from two key elements: Satoshi Nakamoto, the anonymous creator of Bitcoin; and Brian Armstrong’s cat, the co-founder of Coinbase (Official Website). This dual naming enhances its cultural influence and community identity.
The uniqueness of Toshi (TOSHI) lies in its complete decentralization. The entire token supply is circulated in the hands of the community, making Toshi one of the most community-centric projects in the field of cryptocurrency. Through the governance mechanism of MEOW DAO, Toshi achieves true community autonomy, allowing every token holder to participate in major project decisions.
Toshi’s governance is led by Meow DAO, a decentralized autonomous organization that allows token holders to participate in decision-making through voting. According to its official Medium article, the decentralization process of Meow DAO is divided into four phases:
Establish DAO Foundation: responsible for nurturing the Toshi eco and ensuring the priority of community vision and values.
Introducing the Toshi Committee: focusing on community engagement and initiatives.
Token holders vote: Each Toshi token represents one vote, and community members can directly participate in key decision-making.
Fully decentralized: The project is ultimately governed entirely by the community.
A concrete example is the Meow DAO vote in March 2024, where nearly 90% of the votes (71 billion TOSHI tokens) supported the cancellation of a 3% transaction fee. This decision significantly reduced transaction costs and enhanced community trust.
Toshi (TOSHI) first introduced the NFToshis series of NFTs, initially provided for free to token holders, symbolizing community member identity. NFToshis 2.0 is an important part of the Toshi eco, seamlessly integrating art creation with blockchain technology. This new NFT series is not only an extension of the Toshi brand image but also a symbol of community member identity.
The launch of NFToshis 2.0 marks a significant layout of Toshi in the digital art field. This series consists of 5,000 unique NFTs, each carefully designed to reflect Toshi’s brand concept and community culture. Holding NFToshis 2.0 not only provides access to unique digital artworks but also special benefits within the Toshi eco, such as participating in exclusive events and receiving airdrops.
It is worth noting that the issuance of NFToshis 2.0 adopts an innovative mechanism. Both new and old community members have the opportunity to obtain these precious NFTs, which reflects Toshi’s emphasis on community fairness. Through NFToshis 2.0, Toshi successfully integrates art, technology, and community culture, injecting new vitality into the entire project.
The uniqueness of Toshi (TOSHI) lies in the practical tools it provides, all of which are implemented through Toshi Tools v1.0 and have been audited by Halborn, aiming to support developers on the Base blockchain.
According to the official website introduction, these tools include:
Token Lock: Used to lock team tokens to ensure transparency, in conjunction with a lock viewer for public verification.
Liquidity lock: Enhance project stability and credibility, lock-up period can be publicly verified.
Multi-sender: Supports large-scale trading such as airdrops and presales, efficiently handling hundreds or thousands of addresses.
Platform launch: Simplify the fundraising process, provide project introductions and collaboration platform for developers.
Token Launcher: Reduce technical barriers and facilitate users to create new tokens.
Users holding 1 million TOSHI tokens can use these tools for free, community support is provided through the Telegram channel, and video tutorials will be launched in the future.
Through the democratic governance of MEOW DAO, the artistic value of NFToshis 2.0, and the implementation of a zero tax rate policy, Toshi (TOSHI) demonstrates strong vitality and development potential. These series of measures not only enhance the market position of Toshi but also set a new benchmark for the entire cryptocurrency industry, making it worth paying attention to its future development.
Risk warning: The cryptocurrency market is highly volatile, and changes in regulatory policies may affect the development of TOSHI. Investment needs to be cautious.