Meme Insider
Hey meme enthusiasts and crypto explorers! Today, let's dive into the world of TOSHI, a meme coin making waves on the Base blockchain. If you're scratching your head wondering, "What's all the hype about?", stick around. We're about to break it down, keeping it simple and fun!
What's the Deal with TOSHI?
TOSHI isn't your average cryptocurrency. It's a meme coin, meaning its popularity is fueled by internet culture, social media trends, and community vibes rather than groundbreaking tech innovations. Think of it as a digital mascot that's also a tradable asset.
The Story Behind the Name
The name "TOSHI" is a fun mashup. It pays homage to Satoshi Nakamoto, the mysterious creator of Bitcoin, and also to Brian Armstrong's favorite cat (yes, that Brian Armstrong, the CEO of Coinbase). It's like mixing a legend with a bit of playful internet charm.
TOSHI on the Base Blockchain
TOSHI operates on the Base Layer-2 blockchain, a network built for handling lots of transactions super quickly. It's a part of the decentralized finance (DeFi) movement, aiming to shake up the financial world by removing the middleman.
Key Features:
- Blockchain: Base
- Token Symbol: TOSHI
- Token Address:
0xac1bd2486aaf3b5c0fc3fd868558b082a531b2b4 - Total Supply: 420,690,000,000 tokens (both total and max supply are the same)
Diving into the Details
Origin and Inspiration
TOSHI combines the legacy of Bitcoin, through Satoshi, with the fun of memes, represented by Brian Armstrong's cat. This mix makes it an intriguing project in the crypto space.
Blockchain and Functionality
It operates on the Base Layer-2 blockchain, making transactions fast and scalable. This positions it within the DeFi ecosystem, aiming to make finance more accessible.
NFT Collection: NFTOSHIS
The project has introduced "NFTOSHIS," a collection of 3,000 unique NFTs, inspired by Brian Armstrong’s cat. Each NFT is a unique piece of Toshi, making it a collectible in the meme space.
Market Performance
- TOSHI's price has seen some impressive jumps.
- The token once reached a market cap of over $270 million, becoming the third-largest meme coin on Base.
- Trading volume has also seen significant increases following its listing on Coinbase, reaching $165 million in a 24-hour period.
- The 24 hour trading volume of TOSHI was reported to be $379,969,796, and it has a Fully Diluted Valuation (FDV) of $387,830,474.
Where to Trade
You can find TOSHI listed on several exchanges, including:
Remember, when trading, it's essential to ensure you're on the correct network (Base) to avoid losing your precious tokens.
Community and Sentiment
The TOSHI community is known for being "wild" and very engaged. You can find discussions on platforms like Reddit. It's always a good idea to see what the community is buzzing about.
Tokenomics and Utility
- Total Supply: 420,690,000,000 TOSHI
- Circulating Supply: 420,690,000,000 TOSHI
- Maximum Supply: 420,690,000,000 TOSHI
TOSHI also has some interesting utility through various decentralized applications (dApps) like token lockers, liquidity lockers, and multisender tools.
Toshi Tools
These are tools designed to assist both developers and users on Base. These include:
- Token and Liquidity Locker: For managing tokens securely.
- Multisender: For distributing tokens efficiently.
- ToshiSwap: A DEX aggregator for trading built in collaboration with Sushi.com's V2 Protocol
MEOW DAO
TOSHI is also working towards a decentralized governance model through MEOW DAO, where token holders can participate in decision-making.
A Word of Caution
Meme coins, like TOSHI, can be super volatile. This means their prices can jump up or down quite drastically in short periods. So, while they're fun and exciting, always remember the risks involved. It’s always a good idea to do your own research.
Wrapping Up
TOSHI is more than just a meme. It's a blend of internet culture, a touch of crypto history, and some practical utilities on the Base chain. Whether you're drawn to it for its playful meme side or its potential within the Base ecosystem, always trade smart and stay informed.
Remember: The crypto world moves fast. Always double-check the latest news and figures before making any decisions. You can also keep track of TOSHI on CoinMarketCap and CoinGecko. Happy meme-ing and exploring!
