Toshi started as a joke in tribute to the Coinbase co-founder's cat but became a vital part of the Base ecosystem.
From Meme to DeFi Platform
Launched in 2023 on Coinbase's Layer-2 Base network, Toshi quickly gained popularity. Its origin as a nod to Brian Armstrong's cat soon morphed into a serious project on the platform. Toshi has become one of the most actively traded tokens, with thousands of transactions.
Token Structure and Distribution
Since its inception, Toshi has captivated investors' interest. With a total supply of 420.69 billion tokens, Toshi has drawn significant attention. Among 542,569 holders, 21 addresses hold more than 1% of the supply, indicating growing interest and trust. The recent Coinbase listing also boosted market activity.
Toshi's Real-World Tools and Development
A key element to Toshi's success is Toshi Mart, a memecoin launchpad on the Base network. Moreover, Toshi offers a suite of DeFi tools, such as ToshiTools, which include token locking and multi-sender features that are particularly useful for airdrops and token migrations. The transition to a decentralized autonomous organization through MEOW DAO will allow community members to engage actively in project governance.
Starting as a memecoin, Toshi has positioned itself as a promising project due to its network integration and functional DeFi infrastructure. However, continued success will depend on sustainable development and adaptation to evolving market conditions.
