Key Takeaways:
- Myro Token (MYRO) is a meme coin launched on the Solana blockchain in November 2023, inspired by the dog of Solana co-founder Raj Gokal.
- The token boasts features such as zero transaction fees, transparent token holdings, and community engagement.
- Its tokenomics include a total supply of 1 billion tokens with zero taxes, enhanced by measures such as the founder’s renouncing of ownership of the contract and burning liquidity provider tokens for increased community trust.
- MYRO holders enjoy exclusive perks, including limited-edition merchandise and participation in community events, with future plans for additional features.
What Is Myro Token Coin (MYRO)?
Launched on Solana in November 2023, Myro is a meme coin inspired by Solana co-founder Raj Gokal’s dog, Myro. Beyond its meme-based charm, Myro aims to establish a decentralised platform for content creation and monetisation.
The project stands out with its unique features like zero transaction fees, transparency in token development, and community engagement. Additionally, the project’s future plans include a staking programme and a social media platform, aiming to provide more utility to MYRO holders.
The coin has experienced a significant increase in value, with 8,527% gain (from $0.0025 to $0.2502) since its inception (as of March 2024). Myro’s price surge has been influenced by its listing on tier-1 exchanges like Crypto.com, leveraging the popularity of the Solana ecosystem and the engagement generated by memes and viral content.
See Myro’s current price and recent price charts.
How Does Myro Work? Does It Have Any Utility?
Myro, like many of the most popular meme coins in 2024, is built on the Solana blockchain. By using the existing framework and security features of the chain, Myro was able to swiftly create a new cryptocurrency and framework that is compatible with most crypto wallets like the Crypto.com App and DeFi Wallet and swappable with Solana and other Solana-based tokens like WIF.
MYRO Tokenomics
Like most meme coins, Myronomics are plain and simple: The token has a total supply of 1 billion tokens and a circulating supply of 999.98 million. Myro has zero taxes (i.e., the issuer does not charge fees for buying).
The team leverages a 0% transaction tax on the token, so users can engage in transactions without incurring additional fees directly from the project. However, there might be additional fees on exchanges.
In addition, the team has also addressed security concerns surrounding new meme coins projects. To show its commitment to the project, the Myro team not only renounced ownership of the contract, but the developers behind the project also burned their own liquidity provider (LP) tokens. This means that the tokens are sent to a burn address, which makes them unrecoverable and removes them from the token supply. This has enhanced trust in the credibility of the Myro project with the community.
Myro Community
MYRO holders enjoy exclusive perks, such as the ability to purchase limited-edition Myro merchandise, including t-shirts, hats, and hoodies. The project also hosts regular community events, ranging from voice chats to forums and contests.
Additional Features
As part of its roadmap, Myro plans to add additional features in the future, including a staking programme. MYRO holders will then be able to temporarily lock their MYRO in exchange for earning returns. As part of its community-based project, the Myro team also announced it will take user feedback into account for future features.
Why Is MYRO So Successful?
The success of meme coins like MYRO can be attributed to the viral and engaging nature of meme-based cryptocurrencies. These coins are designed to capture the attention of enthusiastic online communities, often drawing inspiration from characters, individuals, animals, or artwork that can be mimicked — in this case, a picture of a fluffy dog that is also well-known as the dog of one of the Solana founders.
Additionally, the low cost of entry and potential for substantial gains make meme coins attractive to many, despite their high volatility and speculative nature.
In MYRO’s case, opportune timing might have also been at play. The token launched in late 2023, just in time before the crypto market appeared to be turning bullish again.
Finally, Myro is built on the Solana ecosystem, which has seen significant activity in 2024. Besides being associated with a reputable blockchain, Myro itself also built security features into its token, which enhanced trust and allowed the meme coin to quickly build up a community of loyal followers.
How Much Will MYRO Be in 2024?
Myro had spectacular price appreciation in 2024 so far, with an all-time high (ATH) of $0.4428 on 9 March 2024.
At the time of writing, MYRO trades for $0.2503, up 12,342.93% from its launch price. The token is listed on several tier-1 crypto exchanges, including Crypto.com, which makes Myro very accessible for retail traders. However, no one can say for sure what its price will be in the future.
How to Buy MYRO With Crypto.com
Buying MYRO with Crypto.com is easy. Many other meme coins, like Dogecoin (DOGE), dogwifhat (WIF), and BOOK OF MEME (BOME), are also listed in the Crypto.com App.
You can buy Myro with USD, EUR, GBP, and 20-plus other fiat currencies or trade it for other cryptocurrencies, including BTH, ETH, SOL, USDC, and 250-plus more.
To start buying MYRO today, download the Crypto.com App for free from the Apple App Store or Google Play Store. From there, you will be guided to the sign-up process, which takes only a few minutes to complete.
Once registered, you can charge your account via bank transfer, Apple Pay, or credit/debit card payment. While bank transfers might take 1-3 business days to process, Apple Pay and credit card payments are processed within seconds and ready to use for your first MYRO purchase.
Conclusion — Should You Buy MYRO?
In less than a year, Myro has become one of the most successful meme coins in the Solana ecosystem. Within months, it registered price increases of over 12,000% and quickly attained popularity similar to that of DOGE and Shiba Inu.
However, keep in mind that this meme coin is a speculative asset with little utility. Its highly volatile price depends entirely on popularity. While it is the volatility of meme coins that may attract many to this narrative, as it offers the opportunity for incredible gains, this also means the price can drop just as suddenly.
Due Diligence and Do Your Own Research
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Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
