Toshi (TOSHI) is a meme token native to Base (Ethereum L2, Coinbase-incubated), with its contract deployed on-chain on 2023-10-09. It functions as a community-oriented digital asset without an associated lending, exchange, or staking protocol of its own.
The token's name references Coinbase co-founder Brian Armstrong's cat, itself named after Bitcoin creator Satoshi Nakamoto, though neither individual is affiliated with the project. As of 2026-09-03, TOSHI trades on spot markets, with derivatives trading (TOSHI-PERP) discontinued on Coinbase in May 2026.
Toshi differentiates itself through its fair-launch origin: no presale, no team token allocation, and liquidity reported fully locked at launch, positioning it as community-owned rather than venture-backed.
Its surrounding ecosystem reportedly includes community-built tools such as ToshiSwap (a DEX aggregator) and ToshiTools (a token launcher and liquidity locker). As of 2026-09-03, the token has approximately 1.08 million holders, though on-chain liquidity is comparatively modest at roughly $862,000.
TOSHI functions primarily as a governance token: holders use their tokens to participate in MEOW DAO votes that influence project decisions and treasury use.
The token has no staking, fee-payment, or collateral function within a lending or exchange protocol. Beyond governance participation, holding TOSHI functions largely as a marker of community membership within the Base meme-coin ecosystem.
Total and max supply is fixed at approximately 420.69 billion TOSHI; circulating supply is approximately 420.66 billion as of 2026-09-03 — effectively 100% of total supply already in circulation.
No team or presale allocation exists, so there is no vesting schedule. With no further minting occurring, net emission is flat/non-inflationary: fully diluted valuation (~$48.7 million) is essentially equal to market capitalization (~$48.9 million).
Toshi launched as a fair launch on Base: no presale, no team or founder token allocation, and no venture or private-sale funding round; liquidity was reported fully locked at launch.
Its Base contract was deployed on 2023-10-09. The full token supply entered circulation from the outset, with no vesting cliffs or delayed unlocks.
TOSHI is deployed natively on Base, an Ethereum Layer 2 network incubated by Coinbase. A separate, non-canonical bridged implementation also exists on BNB Smart Chain.
As an Ethereum L2, Base settles transactions to Ethereum mainnet and inherits its underlying consensus security rather than operating an independent validator set or consensus mechanism of its own.
Toshi has no publicly identified founder or named development team; the project is described as fully decentralized and community-owned, launched without a team token allocation.
The name honors Coinbase co-founder Brian Armstrong's cat and Bitcoin creator Satoshi Nakamoto, but neither is a founder or team member. Project communication has run through pseudonymous accounts, including a Medium account and an X account, rather than named individuals.
No traditional issuing company or legal entity has been identified for Toshi. It presents itself as a community-driven meme project native to Base rather than a project issued by a registered corporation.
Governance and treasury functions are attributed to MEOW DAO, described in the project's own communications as a decentralized community treasury governed by holders, for holders.
Toshi is governed through MEOW DAO, a decentralized community treasury structure through which TOSHI holders use their tokens to vote on project decisions and treasury use.
The DAO was designed around a four-phase progressive-decentralization plan, moving from team/community-proposed votes toward full community-led governance, a transition the project stated could take a year or more.
No named third-party manual security audit (from firms such as CertiK or PeckShield) has been published for Toshi's canonical Base contract.