Toshi is a memecoin project on the Base Layer-2 blockchain, named after Coinbase CEO Brian Armstrong's cat, which in turn was named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto. It aims to become a DeFi protocol symbiotic with Coinbase by offering essential utilities for the Base ecosystem and is traded on decentralized exchange Sushi.com.
Toshi functions as an ERC-20 token on the Base Layer-2 blockchain. It likely uses Proof of Stake (PoS) as its consensus mechanism as it operates on Ethereum's Layer-2 network. It utilizes smart contracts for various functions, following the standard ERC-20 interface to manage transfers, allowances, and token balances.
Toshi's potential use cases include:
It has integrated with over 50,000 merchants and collaborates on projects like NFToshis to enhance its community engagement and utility.
Toshi was created as a community-driven memecoin project on the Base Layer-2 blockchain. Significant milestones include:
Toshi prioritizes transparency and community involvement, fostering active participation and utility in its ecosystem.