Toshi is a community-driven Meme Coin launched on Base, the Layer-2 blockchain built by Base. Its name pays homage both to Brian Armstrong’s beloved cat and to Satoshi Nakamoto. Since its debut in August 2023, It has created a unique social-currency ecosystem through low fees, decentralized governance, and the “NFTOSHI” NFT series. Toshi is not merely a speculative vehicle but serves as Base’s “mascot,” aiming to enable community autonomy via the Meow DAO. This Token Insights article will deliver a deep dive—across six dimensions of It’s positioning, core technology, TOSHI tokenomics, ecosystem progress, risk management, and future planning—to dissect the project’s innovative value and growth potential.
Summary：As Base’s first community Meme Coin, Toshi combines a 3% transfer tax with Meow DAO governance; It trades on SushiSwap v2 and underpins NFT OSHI; the ecosystem has grown to 2,000+ token-holding addresses, with future focus on DAO proposals and cross-chain expansion.
Toshi’s positioning
Toshi is positioned as the “Face of Base” Meme Coin—both a community symbol and a medium of exchange. The team emphasizes “community is power,” empowering holders via Meow DAO proposals to decide marketing campaigns, NFT airdrops, and cross-chain bridges. Unlike traditional team-led projects, It spreads through open routers and social invites so that every Base user can “become part of the cat.” This approach strengthens user retention on Base and provides newcomers a low-barrier entry to blockchain.
Core technology
It is deployed on Base via a standard ERC-20 contract with a 3% transfer tax (1.5% flows back to the liquidity pool; 1.5% funds the DAO)【IQ.wiki】. After migrating to SushiSwap v2, the new contract locks the tax ceiling at 3% and successfully migrated 95% of LP to ensure liquidity stability. It’s contracts are fully transparent—transactions and token distributions can be viewed on Etherscan or BaseScan. NFT OSHI is built on ERC-721; holders receive airdrop priority and extra DAO voting weight, enriching on-chain governance diversity.
TOSHI tokenomics
According to CoinMarketCap, It’s total supply is 10,000,000,000 tokens, with no preset burn—but community incentives are driven by tax flows and DAO utilization. Key mechanisms:
- Transfer tax (3%): 1.5% to liquidity pool; 1.5% to DAO fund;
- NFT OSHI incentives: 3,000 limited NFTs; holders gain airdrop priority and proposal weighting;
- Meow DAO governance: any holder of 1,000 TOSHI may submit proposals; all token holders vote proportionally.
This design preserves liquidity while engaging long-term holders through tax revenue and NFT privileges.
Ecosystem progress
Since migrating to SushiSwap v2 in September 2023, It has attracted 2,000+ active holders and sees $500K+ daily volume. The NFT OSHI series is active on OpenSea, surpassing 30 ETH in secondary-market sales. It’s community on Discord and X (Twitter) exceeds 15,000 followers. The Meow DAO has passed five proposals, including cross-chain bridge tests, NFT airdrop plans, and marketing subsidies.
Risk management & countermeasures
It locks its transfer tax ceiling at 3% and automatically routes 1.5% back into liquidity to smooth price volatility and reduce disputes. The other half funds the DAO, with all expenditures requiring 4/6 multisig approval to prevent single-point misuse. An emergency compensation fund covers holders in the event of attacks or market turmoil. Regular third-party audits and an ongoing bug-bounty program maintain protocol security and ecosystem stability.
Future planning
Looking ahead, It plans to launch Base ↔ Ethereum and Base ↔ Arbitrum cross-chain bridges in Q4 2025 to unlock multi-chain liquidity and attract broader users. A second limited NFT OSHI series—with dynamic metadata and gamified perks—will enhance collectibility and engagement. Partnerships with DEXs will introduce TOSHI–ETH and TOSHI–USDC LP pools for long-term liquidity mining incentives. The DAO will also enable community-driven auto-burn proposals to continuously refine tokenomics and governance efficiency.
FAQ
Q1: How do I purchase It?
Swap ETH for It on SushiSwap v2 within the Base network.
Q2: What privileges do NFT OSHI holders enjoy?
Airdrop priority, enhanced DAO proposal weighting, and exclusive community-event benefits.
Q3: How do I vote in Meow DAO?
Connect your wallet, access the DAO interface, submit or vote on proposals by staking It.
Q4: Does It have a burn mechanism?
Not automatically—holders may propose periodic burns funded by tax revenue.
Q5: How can I participate in cross-chain tests?
Follow official announcements, complete the Bridge Beta test, and submit feedback to earn rewards.
Key takeaways
Toshi is the community-driven Meme Coin on Base, inspired by Brian Armstrong’s cat and Satoshi Nakamoto;
A 3% transfer tax supports liquidity and DAO funding for sustainability;
NFTOSHI + Meow DAO power on-chain governance and community engagement;
Ecosystem: 2,000+ holders, 30 ETH in NFT sales, and 5 DAO proposals passed;
Future focus: cross-chain bridges, NFTOSHI 2.0, and expanded liquidity mining.
Neason Oliver
