$TOBY & the Clarity Act

$TOBY is a decentralized community token launched on Base, a Layer 2 built on Ethereum. With over 1.4 million wallets airdropped and 70% of the supply already distributed, it was created for the people—with no leadership, no centralized entity, and no ICO.

The Digital Asset Market Structure & Investor Protection Act ("Clarity Act") helps define how tokens are treated under U.S. law. Projects like $TOBY may qualify as decentralized enough to avoid classification as a security if they meet the Act’s criteria for:

• Transparent distribution
• Leaderless governance
• No central profit-driving entity

With 20% of supply available via open markets and 10% in reserves (used for community empowerment), $TOBY demonstrates alignment with the decentralized principles outlined in proposed regulation.