Meme coins over the years have been known to be unstable. They cannot be compared to established tokens like Bitcoin and Ethereum. However, while measuring their risks, investors also know that meme coins’ instability can be manipulated to make a huge profit.
Last year, in 2023, Toshi tokens were introduced to the market. After Armstrong named the coin 'Toshi' after his cat, people started putting money into it. Brian Armstrong, the founder of Coinbase, introduced this token into the market.
This cat-themed token turns out to be the leading meme coin in the Base blockchain, as traders on social media X are talking about it. With traders interested in buying this token, it is speculated that the hope is to make it rise like successful meme coins over the years, such as Dogecoin.
In this article, you will learn about the TOSHI token, how it works, its features, its tokenomics, and how to buy and trade it.
What Is TOSHI?
Brian Armstrong created Toshi tokens. He named the coin after his cat, Satoshi Nakamoto. Toshi tokens run on the Base blockchain.
This blockchain is an Ethereum layer-two blockchain that was built on the Coinbase crypto exchange. CoinBase developed the Base blockchain using the OP stack and launched it on August 9, 2023. The Base blockchain offers interoperability with other networks, improved security, and stability, which enhances the Toshi token’s authenticity.
Toshi aims to revolutionize the Web3 network. Its official account, proclaiming itself as the Face of Base, aligns with its values of innovation, creativity, and freedom.
How Does TOSHI Work?
Toshi makes use of Base, an Ethereum Layer-2 blockchain developed by Coinbase. So, how does this blockchain help Toshi?
Coinbase introduced this blockchain to deal with issues of scalability, which in turn will lead to faster transactions, lower fees, and an improved and smoother user experience. Hence, Toshi shares the same goal.
Toshi also has an NFT project, NFTOSHI. With about 3000 NFTs, Toshi establishes itself as the community’s on-chain NFT project, which also adds a form of creativity and uniqueness to the Toshi community.
Focusing more on community involvement and honesty, Toshi brings a unique approach to cryptocurrency by tying together the cat-inspired memecoin and its NFT.
Overview of TOSHI
Toshi Tokens can be traded on both centralized and decentralized crypto exchange platforms. Toshi’s mission is to provide traders with secure, reliable, and accessible financial services. As of this writing, Toshi is $0.0003185 in the market.
Toshi’s wallet is easy to use for both experienced and novice users. It is designed to allow them to easily and securely create accounts, deposit funds, and manage digital assets.
The wallet supports multiple currencies like Ethereum (ETH), Litecoin (LTC), Bitcoin (BTC), Zcash (ZEC), Ripple (XRP), and others. There are also advanced security features like two-factor verification and multi-signatures.
More than wallet services, Toshi also provides merchant payment tools using cryptocurrencies, developers’ APIs, and an open-source protocol for building centralized applications.
Features of TOSHI
Toshi has tools (ToshiTools). It’s an enclosed system created to improve the trading experience. Toshi Tools is here to help users easily navigate the complex crypto market.
Toshi tools are dApps for analyzing and tracking wallets on the Ethereum blockchain, providing analytics on trader performance shown in interchangeable graphs. The following are the features of Toshi and ToshiTools:
- ToshiTools enables users to follow seasoned market traders and learn how to use their strategies to achieve similar rewards.
- Toshi Tools is ready to give the crypto market a complete solution, enabling anyone to make informed investing decisions.
- Toshi Tools uses the AI-driven GPT-3 machine learning technology to decrease information overload for cryptocurrency enthusiasts.
- Combining wallet data and trading data, Toshi Tools enables the highest data analytics to predict accurate prices.
- Providing advanced analytics of Ethereum wallets, Toshi Tools visualizes their performance on a graph, tracking their overall performance.
TOSHI Tokenomics
Token Symbol: TOSHI
Total Supply: 420.69 Billion
Token Circulating Supply: 408.06Billion
Market Capitalization: $133.98Million
Trading Price: $0.0003185
What Is Base Blockchain?
Base blockchain is an Ethereum Layer 2 (L2) chain that provides a secure, cost-effective, and developer-friendly approach to building on-chain. Base is an L2 based on the OP Stack in conjunction with Optimism.
Coinbase makes it easy for Base to be used to build decentralized apps using Coinbase’s users, tools, and products.
As a Layer 2 blockchain, Base helps carry the load for the parent blockchain. It’s also developer-friendly and EVM-compatible, and assets can easily be transferred among other EVM-compatible blockchains and the Base network.
Built with OP stacks, which can easily be upgraded, the Base blockchain functions as a Blockchain Rollup L2, which rolls up Ethereum transactions off-chain and sends them back to the main chain as a single block.
How to Buy and Trade TOSHI Tokens?
CoinEx is a global cryptocurrency exchange trusted by over 5 million consumers globally, with 100% reserve. With over 900 tokens available, including TOSHI, users may trade effortlessly.
TOSHI was listed on CoinEx on February 21, 2024, at an initial price of $0.0001199 USD, marking an impressive overall change of +360.74%. This indicates significant growth potential in the token's value since its listing, although the price of TOSHI tokens may have fluctuated.
To buy TOSHI tokens on CoinEx, follow these instructions.
- Create an account: Sign up for a CoinEx account.
- Deposit Funds: After logging in, fund your CoinEx account using any supported cryptocurrency or deposit method available on the exchange. With funds in your account, you can perform trades seamlessly.
- Navigate to the TOSHI Trading Page: Once your account has been funded, visit CoinEx’s dedicated TOSHI trading page. To find TOSHI trading pairs on the spot trading page, use the search box and input the phrase “TOSHI.”
- Choose a trading pair: To trade TOSHI against USDT (Tether), use the trading pair TOSHI /USDT.
- Specify the Purchase Amount: The next step is to specify the quantity of TOSHI you want to buy. On the trading page, you can buy them at the existing market price or set a limit for your desired buying price.
- Execute the Trade: Proceed using the provided amount. Confirm the information, and if you’re pleased, submit the order.
The above steps allow you to trade TOSHI tokens on CoinEx using the available trading pairs.
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