Toshi (TOSHI) tokenomics

Toshi ($TOSHI) is a memecoin, toolkit, and protocol designed to support development on the Base blockchain. While it originated as a memecoin, it is evolving into a DeFi protocol by providing essential utilities for the Base ecosystem. The token economics are primarily defined by its utility within the Toshi tool suite, its governance structure, and its current transaction tax status.

Issuance and Allocation Mechanism

Specific details regarding the initial total supply, the precise breakdown of the token allocation (e.g., percentage for team, treasury, public sale), and the initial issuance mechanism (e.g., fair launch, presale) for the $TOSHI token were not available.

However, some information regarding token distribution and incentives has been noted:

• Airdrops and Incentives: The project has utilized airdrops as a distribution method. A second airdrop of $TOSHI was planned to distribute tokens as follows:
  • 20,000 $TOSHI airdropped pro-rata to LP NFT stakers.
  • 10,000 $TOSHI airdropped pro-rata to the top 50 Gen 1 pack openers.
  • 10,000 $TOSHI allocated as liquidity locking incentives.
• Liquidity Locking Incentives: The project planned to use 10% of sales from second edition Toshimon packs to lock liquidity by purchasing LP NFTs. These LP NFTs were intended to be awarded as tournament prizes over a five-year period.

Usage and Incentive Mechanism

The primary utility of the $TOSHI token is its role in accessing and utilizing the Toshi tool suite, which includes a Multi-sender, Token Locker, Liquidity Locker, Toshi Swap, Token Launcher, and Launchpad.

Tool Fees and Utility

$TOSHI tokens are used to pay fees for several core tools, often alongside an alternative ETH fee. The fee structure is detailed below:

Governance

$TOSHI tokens are central to the project's governance through the MEOW DAO.

• Voting Power: The MEOW DAO empowers community members to influence key decisions by voting with their tokens, where each token represents one vote.
• Decentralization: The project is on a transformative journey to transition into a fully decentralized DAO, ensuring that governance is in the hands of $TOSHI token and NFToshi holders.

Transaction Tax

The $TOSHI token was initially subject to a 3%/3% Buy/Sell transaction tax, which was used to build a "warchest" for development, operations, and marketing. However, in a historical vote involving the majority of token holders, the Meow DAO voted for the removal of all transaction taxes, making $TOSHI a 0 tax token.

Locking Mechanism and Unlocking Time

Locking Mechanism

The Toshi protocol includes a Locker tool that enables secure locking of standard, liquidity, and V3 tokens. This tool provides verifiable evidence of token security and stability to the community, enhancing trust. Users can choose from different types of locks based on the token type.

Unlocking Time

Information regarding a specific, scheduled vesting or unlocking timeline for the initial token allocation (e.g., for the team, treasury, or investors) was not available. The data provided focuses on the utility of the Toshi Locker tool for users and projects, rather than the project's internal token vesting schedule.