Toshi (TOSHI)

Transactions

Toshi is designed for fast and low-cost peer-to-peer transactions, making it easy to send and receive payments quickly.

Decentralized Exchange (DEX)

It features a built-in decentralized exchange where users can swap tokens directly without middlemen.

Privacy

Toshi includes privacy features that help users transact securely and anonymously.

Staking and Network Security

Users can stake Toshi tokens to help secure the network and earn rewards.

Microtransactions and Digital Content

Toshi is used for small payments and tipping within digital content platforms, supporting creators and community engagement.

Community and Social Use

The project encourages community involvement through initiatives like the Toshi Council and plans to develop social apps on its blockchain.

Meme and Collectibles

Toshi also serves as a meme coin with collectible NFTs called NFToshis, blending entertainment with utility.

Pros

• Strong Community: Toshi has an active and engaged user base on social media, which helps keep interest and hype alive.
• Low Transaction Costs: Operating on the Base blockchain, Toshi offers faster transactions with lower fees compared to Ethereum.
• Real Use Cases: Beyond being a meme token, Toshi is designed for microtransactions and digital content, giving it practical utility.
• Backed by Coinbase: Its connection to Coinbase and the Base layer-2 solution adds credibility and potential for growth.
• Open-Source Ecosystem: Developers can freely support and build on the Base network, encouraging innovation around Toshi.

Cons

• Speculative Nature: Like many meme tokens, Toshi’s value can be highly influenced by market sentiment and hype, which can change quickly.
• Price Volatility: The token’s price can jump or dip sharply, making its short-term value unpredictable.
• Dependence on Community Activity: Continued interest on platforms like Telegram, Discord, and social media is crucial to maintain momentum.
• Market Trends Impact: Broader crypto market trends heavily affect Toshi’s performance, which can be a challenge during downturns.

For more details, visit the official project website or community channels.

Founders

Toshi was created as a community-driven memecoin inspired by the cat of Brian Armstrong, the CEO and co-founder of Coinbase. The project does not highlight individual founders publicly, emphasizing community involvement instead. Brian Armstrong is often associated with the origin story due to the token's name and connection to Coinbase's Base blockchain.

Investors in Toshi

Toshi has attracted a wide range of investors, including:

• Retail Crypto Investors: Over 480,000 on-chain holders have invested in Toshi, showing strong community interest.
• Meme Coin Enthusiasts: Many investors are drawn by Toshi’s meme coin appeal combined with blockchain technology.
• Exchange Listings Impact: Listings on major exchanges like Coinbase and Crypto.com have brought in more investors by increasing accessibility.
• Crypto Traders: Traders interested in low transaction fees and fast transactions on the Base blockchain are also part of the investor base.
• Community and Social Media Followers: Active engagement on platforms like Telegram, Discord, and X helps maintain investor interest and momentum.

These groups together form the core investor base supporting Toshi’s growth and market presence.

Halal Status of Toshi

• No: There is no specific fatwa or clear Islamic scholarly consensus confirming that Toshi is halal.
• Reason: Like many meme coins, Toshi lacks intrinsic value and a clear real-world use case, which are important factors for Sharia compliance.
• General Context: Islamic scholars often require cryptocurrencies to have inherent value, avoid excessive speculation, and comply with Islamic finance principles to be considered halal. Meme tokens typically do not meet these criteria.