Toshi (TOSHI) tokenomics

Toshi ($TOSHI) is a memecoin and decentralized protocol built on the Base blockchain. Named after Satoshi Nakamoto and Coinbase co-founder Brian Armstrong's cat, it has evolved from a simple memecoin into a utility-focused ecosystem providing open-source, permissionless tools for creators and developers on Base.

Issuance and Allocation Mechanism

Toshi was launched as a community-driven project on the Base layer-2 blockchain. While specific percentage-based genesis allocation tables are not provided in the available documentation, the project emphasizes a transition toward full decentralization.

• Fair Launch and Community Roots: Toshi originated in the early stages of the Base ecosystem. Its growth has been driven by a robust meme culture and an expanding community.
• Tax Removal: Historically, Toshi implemented a 3% buy/sell tax on transactions. This tax was used to build a "warchest" for development, operations, and marketing. However, through a historical vote by the Meow DAO, the community elected to remove these taxes, making $TOSHI a 0% tax token.
• NFToshis: Toshi launched an exclusive line of NFTs called NFToshis. These were initially offered as a free mint to Toshi token holders. A subsequent "NFToshis 2.0" collection consisting of 5,000 unique NFTs was later released to offer a rebranded experience.

Usage and Incentive Mechanism

The $TOSHI token serves as the central utility and governance asset for the Toshi ecosystem. Its primary functions include:

• Governance via Meow DAO: Toshi is transitioning into a fully decentralized DAO. Holders of $TOSHI tokens and NFToshis possess voting rights. The Meow DAO empowers the community to influence key decisions, such as the aforementioned tax removal and liquidity migration strategies. Each token represents one vote.
• Tool Utility and "Toshi Hodl": Toshi provides a suite of tools for the Base ecosystem. The protocol uses a "Toshi Hodl" mechanism where holding a specific amount of tokens grants users discounted or free access to these tools.

• Revenue Generation: The protocol generates revenue through tool fees (for those not meeting the "Hodl" requirement) and its launchpad. These streams are used for token accumulation, adding liquidity, and forming long-term partnerships.
• Liquidity Incentives: The project has historically used tokens for liquidity locking incentives. For example, a portion of sales from specific NFT packs was used to purchase LP NFTs, which were then awarded as tournament prizes.

Locking Mechanism and Unlocking Time

Toshi provides its own infrastructure for token and liquidity locking, which it also utilizes for its own ecosystem stability.

• Toshi Token Locker: This tool allows developers to vest or lock team tokens. It provides a transparent schedule for token entry into the market, aligning with project milestones.
• Liquidity Locker: This is used to secure project liquidity, preventing sudden withdrawals (rug pulls) and providing verifiable evidence of stability to the community.
• Lock Viewer: A public feature that allows anyone to verify the lockup periods for any token using the Toshi tools, ensuring transparency in token management.
• Liquidity Migration: Following the vote to remove transaction taxes, the Meow DAO initiated a migration of its V2 liquidity pools to V3 liquidity pools. This process involved a 7-day unlocking period for current liquidity to ensure a seamless transition and optimized liquidity ranges.

Specific long-term unlocking schedules for the total $TOSHI supply (such as a 48-month or 60-month vesting table) were not detailed in the provided protocol documentation.