Toshi

toshi
CoinYQ Dossier

TOSHI: from a taxed relaunch to an ownerless token

After a liquidity exploit, TOSHI moved holders to a new Base contract that charged 3% on buys and sells. A community vote later cut both taxes to zero and the owner was renounced, while the brand continued through a DAO, NFTs and a separately controlled launchpad.

An exploit forces a new address

After the Leet DEX exploit, the project lost a workable liquidity venue. It tried Sushi V3, where its tax mechanism did not function, then relaunched through Sushi V2 and distributed the replacement token one-for-one to holders and exchanges.

The full address therefore matters more than the ticker. The current Base contract, 0xAC1…B2B4, the old TOSHIV1 contract and a BNB representation are distinct assets on separate ledgers.

Trading taxes fund the relaunch

The replacement contract issued 420.69 billion TOSHI and began with 3% taxes on buys and sells. Its owner could adjust taxes up to 3%, exemptions, limits, swap settings, and the marketing, development and liquidity wallets.

Project documents say the proceeds paid for listings, contributors, treasury needs, promotion and art. Those were project expenses controlled by operators, not contractual dividends owed to holders.

A vote turns the taxes off

MEOW DAO Vote #2 chose zero taxes and liquidity moved to Uniswap V3. The setter functions remain in the code, but owner() returned the zero address on 2026-09-05, so they cannot currently be called.

That result makes the listed owner-only token settings effectively immutable. It does not make every DAO, treasury or website action automatic: a Snapshot result still needs a person, wallet or contract to implement it.

Toshi Mart adds a separately controlled launchpad

Toshi Mart is a separate product built on Flap Protocol V4. Its Base Portal at 0x1ea1…A948 creates tokens from implementation 0xF3c5…0A0A, operates a bonding curve and moves qualifying tokens to a decentralized exchange.

The documented 1% bonding-curve fee and beneficiary setting belong to the Portal. They are separate from the zero transfer tax on the Base TOSHI contract.

DAO signals still need an executor

MEOW DAO provides token-weighted signaling and a participation path for NFTOSHIS, but Snapshot votes still need a wallet, contract or operator to execute them. The terms identify the interface provider only as “Toshi,” so treasury and brand accountability cannot be mapped to a clearly disclosed controlling company.

TOSHI is a transferable meme token with optional ecosystem uses. Reviewed materials establish no reserve, redemption, dividend, fiduciary duty or enforceable share of treasury and product revenue.

The audit covers only its stated scope

The linked Halborn assessment covers Toshi Tools. It is not evidence that the token market, MEOW DAO execution, later Toshi Mart contracts based on Flap V4 or every active administrative key was audited.

The narrow, verifiable conclusion is that the current Base bytecode fixes issuance, voluntary burns can reduce supply and renounced ownership disables its listed owner-only controls. Each surrounding system needs separate evidence.

How the project changed

  1. 2023-08
    Leet DEX exploit breaks the first liquidity route

    The exploit leaves Sushi V3 as the project’s viable venue; because V3 bypasses the tax design, the team begins another migration.

  2. 2024-Q1
    MEOW DAO votes for zero taxes

    Vote #2 selects zero buy and sell taxes, followed by a liquidity move to Uniswap V3.

  3. 2025-06-12
    Disclosure records an unfinished DAO transition

    A reviewed crypto-asset disclosure says MEOW DAO was not yet fully operational at its reference date.

Evidence and primary sources

Last evidence review: 2026-09-05

What is Toshi?

TOSHI is a meme token on Base at 0xAC1Bd2486aAf3B5C0fc3Fd868558b082a531B2B4. Its name combines Brian Armstrong’s cat, Toshi, with Satoshi Nakamoto. MEOW DAO, NFTOSHIS and Toshi Mart extend the brand, but each has separate contracts and rights.

What problem does Toshi solve?

The token owner is now the zero address, so the old fee and wallet setters cannot be used. Renouncing the token contract did not make the entire project autonomous: Snapshot votes need execution, the treasury and brand need operators, and Toshi Mart has its own Portal, implementation, beneficiary and fee.

How does Toshi work?

The constructor issued 420,690,000,000 TOSHI. The replacement contract initially charged 3% on buys and sells and routed proceeds to designated project wallets. MEOW DAO later chose zero taxes, liquidity moved to Uniswap V3 and ownership was renounced. Separately, Toshi Mart launches tokens through a bonding curve and charges 1%.

Key facts

  • The official Base contract is 0xAC1Bd2486aAf3B5C0fc3Fd868558b082a531B2B4.
  • The name refers to Brian Armstrong’s cat and Satoshi Nakamoto; “Face of Base” is project branding.
  • The constructor issued 420,690,000,000 TOSHI and the contract has no additional mint function.
  • Base RPC showed about 420,689,980,957.167 TOSHI outstanding after voluntary burns on 2026-09-05.
  • owner() returned the zero address on 2026-09-05, disabling the listed onlyOwner fee, wallet, limit and exemption setters.
  • The current contract followed an exploit, a migration and a one-for-one distribution to holders and exchanges.
  • The old buy and sell taxes were 3% each; MEOW DAO Vote #2 chose zero taxes and a move to Uniswap V3.
  • MEOW DAO describes one TOSHI as one vote and participation for NFTOSHIS, but it is still evolving and Snapshot does not execute every action by itself.
  • Toshi Mart uses Portal 0x1ea172Fb88C24DFC21Ff6Fa38762511C123bA948 and token implementation 0xF3c514E04f83166E80718f29f0d34F206be40A0A.
  • Toshi Mart’s 1% bonding-curve fee is separate from TOSHI’s zero transfer tax.
  • NFTOSHIS is a separate collection of 3,000 NFTs launched in August 2023.
  • No enforceable equity, dividend, redemption, reserve, or claim on Coinbase, Base or project revenue was found.

Official links

Categories

Related coins

Frequently asked questions

Which TOSHI is official?

The official Base token is 0xAC1Bd2486aAf3B5C0fc3Fd868558b082a531B2B4. Check both chain and full address because an old contract and a BNB representation also exist.

Can more Base TOSHI be minted?

The current contract issued 420,690,000,000 in its constructor and has no additional mint function. Voluntary burns can reduce supply.

Can the old 3% tax return?

Not through the current contract’s onlyOwner setters while owner remains the zero address. A future migration or a separate product contract would be a different risk.

Does renounced ownership make the whole project decentralized?

It disables the token’s owner-only functions. It does not automatically decentralize the treasury, brand, interfaces, DAO execution or Toshi Mart.

Does a MEOW DAO vote execute automatically onchain?

Snapshot records community preference and influenced the tax removal, but an operator, multisignature wallet or separate transaction may still be needed to implement a result.

Is Toshi Mart part of the TOSHI token contract?

No. It is a separate launch and trading product with its own Portal, token implementation and fee system.

How do NFTOSHIS participate in MEOW DAO?

NFTOSHIS is a separate 3,000-item collection. Project documents give eligible NFTs a participation path alongside TOSHI balances, while the NFT and fungible token remain different assets.

Why did TOSHI migrate through more than one market?

The Leet DEX exploit removed its first liquidity venue. Sushi V3 did not support the tax design, so the project issued a replacement for Sushi V2; a later DAO vote set taxes to zero and liquidity moved to Uniswap V3.

External trackers

Choose a tracking site for Toshi: