Myro is a meme token that could have become a useless coin if not for the ambition of the developers. The creators named the cryptocurrency after Solana co-founder Raj Gokal’s dog and decided to use it to expand the native ecosystem. With the help of this article investors can better understand what is MYRO crypto, how it works and other important aspects of this project.

A meme token with a dog is a tribute to a trend that works great for attracting an audience. However, MYRO includes many thoughtful purposes. The main objective is to serve as a bridge between ordinary people and the digital asset market. To this end, the developers aim to increase the appeal of the token by adding various useful features to it, including staking, automated Telegram trading, and classic trading.

What is MYRO’s current price?

Myro price is currently $0.1879 with a market capitalization of $182.60M.  

With the help of SimpleSwap platform you can always find out the current Myro crypto price, as well as sell, buy or exchange it.

How does MYRO work?

To understand what is Myro crypto, it’s important to learn how it works. The creators of the project have set an ambitious goal – to raise the Solana meme-token segment to a new level. They are realizing their vision in MYRO, which could become the flagship asset of the new generation. The cryptocurrency is community-oriented, so the team aims to make it accessible and convenient for a wide audience. Among the features of Myro are the following:

• The asset is issued in a limited volume of 1 billion units. The developers burned the LP-tokens and smart coin contract belonging to them. Therefore, there are 999,981,490 units in circulation.

• The digital currency is community driven. Developers add features, focusing on user requests.

• The project is supported by leading crypto exchanges – Bybit, Bitget, KuCoin and others. The developers claim that the history of MYRO listings will continue in the near future.

• The asset can be used for passive earnings. The creators announced steaking and automated trading.

The Myro network is poised to become a prominent player in the cryptocurrency market, driven by its strong community focus and innovative features.

Why Use MYRO?

Myro is a new generation meme coin. In the classical interpretation, meme tokens were created for fun and hype, so only a few became successful. MYRO, on the contrary, aims to become a valuable addition to the Solana blockchain. The following features distinguish it from other coins in the asset category:

• Functionality. The digital currency can be staked and used for algorithmic trading. The creators plan to expand the capabilities of the asset in response to requests from the community.

• Minimal transaction fees. Users pay only Solana network fees – less than $0.001.

• High speed of operation. Block creation time is 400 ms.

• Availability of perpetual contracts on the asset. Instruments are represented on Bybit, KuCoin and other exchanges.

MYRO transaction speed

MYRO network is renowned for its rapid transaction speed of 4.5 seconds and its capability to handle up to 3,000 transactions per second. This efficiency makes it a top choice for traders who prioritize fast and effective transactions.

Myro technology

The token is created according to the Solana network standard – SPL. This is a set of rules that defines the performance characteristics of an asset and guarantees compatibility with blockchain wallets and smart contracts. Myro as an SPL token inherits the flexibility, high speed and performance of Solana.

Essentially, the MYRO blockchain functions as a decentralized clock that synchronizes the nodes, providing high network throughput. Proof of History (PoH) timestamps transactions before they are added to the block, allowing the network to process data more quickly than classical Proof-of-Stake.

Validators are responsible for the security of the operations. They commit to keep the mechanism running at all times by solving a verifiable delay function (VDF) based on SHA-256. 

MYRO Basics

Unlike ordinary meme tokens, Myro is filled with functionality. According to the developers’ idea, the token should benefit the community and have an attractive “package”. Holders will be able to use the asset as a tool for earning money and a means for simple, secure settlements.

First, the coin appeared on the network DEX Raydium. Then several other decentralized exchanges joined the trading. These include Orca, Jupiter. 

The MYRO Founders

The token was created in November 2023 by anonymous developers. Myro is the name of Raj Gokal’s pet (co-founder of Solana). This is how the project team paid tribute to the developer and used the dog trend popular in the crypto community.

Uses of MYRO

The MYRO token represents a comprehensive movement designed to unite dog meme enthusiasts while contributing positively to the growth of the Solana ecosystem. This token provides investors with a range of opportunities within the Solana network. The revenue generated from these opportunities is held in the Myro Treasury, ensuring transparency and fostering trust within the community. Some of the token’s notable features include:

1. Myro Buy Bot: the first public bot for buying cryptocurrencies from Solana on Telegram. It promotes collaboration between projects and provides promotion through the “MYRO Trending” feature. As the bot gains popularity, projects will pay a small commission for hitting trends, which will help MYRO grow.

2. Myro Steaking: investors can place their MYRO tokens into a steaking pool to earn rewards and contribute to the decentralization of Solana. The staking process is as convenient and secure as possible, ensuring seamless income generation.

In addition, Myro technology is designed to enhance these features and integrate seamlessly within the Solana ecosystem, ensuring a robust and efficient platform for users.

What makes MYRO so special

The MYRO token plans to broaden its feature set to address the evolving needs of Solana users. The project is focused on long-term growth and aspires to benefit hundreds of thousands of users.

Conclusion

Myro crypto has already shown impressive growth, which is traditionally expected from this asset category. However, according to investors’ estimates, the token’s potential is much greater.

The project seeks to destroy the myth about the uselessness of meme coins and offers holders a set of functions for passive earnings. Analysts predict a continuation of the positive trend in 2024. The grounds are based on fundamental factors. These include announced launches of additional services, continuation of the CEX listing program, and overall positive market dynamics.