What Is Toshi (TOSHI)?

Bittime - What is Toshi (TOSHI)?  TOSHI is a token inspired by the name of Coinbase founder Brian Armstrong's cat, and also refers to the pseudonym of Bitcoin creator Satoshi Nakamoto. 

This token is designed to be the “Face” of Base, a layer-2 blockchain developed by Coinbase. Toshi is trying to take a position as the leading memecoin on Base. 

This article will take a closer look at what Toshi is, how it works, the main features it offers, and what makes this token different from other memecoins on the market.

What is Toshi (TOSHI)?

Source: Toshi official website

Toshi (TOSHI) is a memecoin token created by Brian Armstrong, the founder of Coinbase. This meme coin is named after the cat which is also named the same, namely Toshi, and refers to the name Satoshi Nakamoto, the creator of Bitcoin. 

Toshi operates on blockchain Base, which is a layer-2 blockchain built on Ethereum by Coinbase. Base was designed to address scalability issues, with the goal of offering faster transactions, lower fees, and a better user experience.

Through this token, Toshi has the ambition to become the "face" of Base. The coin also plays a major role in the emerging ecosystem around the blockchain. 

Read also: Toshi Coin: Definition, Roadmap and NFToshis

How Does Toshi (TOSHI) Work?

Toshi works by leveraging Base. This blockchain enables faster transactions, lower fees, and a smoother experience for users. 

As part of Base, Toshi can leverage these advantages to provide a better experience for its community.

Apart from that, Toshi also has projects NFTOSHI, involving around 3,000 NFTs. This project functions as an NFT project integrated with the Toshi community. 

Toshi aims to be more than just a traded token. But this memecoin is also to facilitate an easier and more interesting investment experience, with full support for active community participation and transparency.

Toshi (TOSHI) Key Fitures

Toshi offers various features that can attract the attention of investors and crypto users. Here are some of the main features offered by Toshi:

ToshiTools

ToshiTools is a closed system designed to enhance the user's trading experience. 

By using decentralized applications (dApps) that function to analyze and track wallets on the Ethereum blockchain, ToshiTools provides insight into trader performance with easy-to-understand charts. 

This feature allows users to follow experienced traders and copy their strategies to achieve similar profits.

AI-Driven Analytics

ToshiTools takes advantage of technology GPT-3 machine learning to reduce the burden of information overload for crypto enthusiasts. 

With a combination of wallet data and trading data, Toshi can predict prices more accurately and provide better analysis for its users.

Ease of Access and Security

Toshi Wallet is designed to be easy to use for both new and experienced users. With advanced security features, such as two-factor verification and multi-signature, this wallet ensures that users' funds remain safe. 

Additionally, this wallet also supports various cryptocurrencies, including Ethereum (ETH), Litecoin (LTC), and Bitcoin (BTC).

NFTOSHI

As part of efforts to bring creativity and uniqueness to the Toshi ecosystem, the NFTOSHI project is one of the main attractions. With over 3,000 tradable NFTs, it provides an exciting on-chain experience for the Toshi community and NFT collectors.

Read also: What are TOSHI Tools? Latest Features and How They Work

What is $TOSHI Token?

Token $TOSHI is the native token of the Toshi ecosystem which is traded on DEX or CEX platforms. This token aims to be part of the larger Web3 revolution and enable user participation in the growing ecosystem. 

Since its launch in 2023, this token has attracted the attention of many traders and memecoin fans. Toshi's growing popularity is thanks to its direct relationship with Coinbase and integration with the Base blockchain.

$TOSHI Token Tokenomics

Tokenomics is one of the important aspects in assessing a cryptocurrency project, and $TOSHI has quite an interesting structure:

• Total Supply: 420.69 Billion TOSHI
• Circulating Supply: 408.06 Billion TOSHI
• Market Capitalization: $133.98 million (around IDR 2.12 trillion)
• Trading Price: $0.0003185 (approximately Rp. 5.21)

When this article was written, the price of $TOSHI was around IDR 5.21, with 24-hour trading volume reaching around IDR 417.1 billion. 

Even though the price of this token is still relatively low, dynamic market movements show significant growth potential, especially with the presence of Base which further strengthens the ecosystem.

Latest $TOSHI Price Movement

Sumber: Coinmarketcap

As the Base ecosystem develops, so does the price $TOSHI experiencing fluctuations. At the time of writing, TOSHI price is in the range Rp5,21 with market capitalization reaching IDR 2.12 trillion. 

In the last 24 hours, the price of this token fell slightly by around 0.21%, but remained in a stable range. This reflects that although Toshi is still in its growth stage, its community and adoption of Base is increasing.

Read also: Toshi: The Meme Coin That's Taking the Base Network by Storm

Conclusion

Toshi (TOSHI) is a memecoin that has great potential in the ecosystem Base. With advanced features such as ToshiTools, NFTOSHI, as well as integration with the Ethereum layer-2 blockchain, Toshi strives to provide a new experience for crypto users. 

That is the discussion about what Toshi (TOSHI) is. Keep following the latest articles from Bittime to find out information about other interesting meme coins, okay?

FAQ About Toshi (TOSHI)

What is TOSHI Coin?

Toshi (TOSHI) is built on the Base Layer-2 blockchain, a technology designed for scalable transactions. This digital asset is named after Satoshi Nakamoto, the pseudonymous person or group of people who developed bitcoin, and was inspired by Brian Armstrong's beloved cat.

Who owns Toshi coins?

Toshi is a memecoin named after the cat of Coinbase co-founder Brian Armstrong and pseudonymous Bitcoin creator Satoshi Nakamoto. The coin serves as the face and mascot of Base, the Ethereum-aligned layer-2 blockchain created by Coinbase.

How to buy toshi coins?

TOSHI tokens can be traded on centralized crypto exchanges.

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Reference

Bybit, Toshi (TOSHI): A New Cat Meme Coin on the Base Blockchain, accessed December 8, 2024.

CoinEx, What Is Toshi and How to Buy TOSHI Tokens?, accessed December 8, 2024.

coinmarketcap, TOSHI Price Chart, accessed December 8, 2024.

Toshithecat.com, FAQ Toshi, accessed December 8, 2024.

Author: Y