Project Source

The MYRO project name is derived from Solana co-founder Raj Gokal’s pet dog Myro. The project aims to pay tribute to Raj Gokal and his beloved dog, while meeting the narrative demand in the crypto space for dog-themed projects, creating value for the Solana blockchain ecosystem. The token was launched on Solana in January 2024, attracting attention from the crypto community from the start due to its unique name and backstory. The dog-themed narrative style aligns with the popular trend of meme coins in the crypto market, easily resonating with community members and quickly gaining a group of early supporters.

Image Source:https://myrothedog.com/

Relying on the Solana blockchain, benefiting from its high throughput, low transaction costs, and fast confirmation time, it can provide users with an efficient trading experience. With the development of the Solana ecosystem, MYRO has more opportunities to cooperate and innovate with other projects.

Project Development History

Based on the story of the co-founder’s pet dog of Solana, it is highly topical and easily attracts attention from the crypto community, especially able to gather dog lovers from around the world, forming an active and highly loyal community, providing a solid user base for project development.

In the early stages of the project, the team focused on building products and improving the ecosystem. The first Telegram public BuyBot for Solana, Myro Buy Bot, was launched. This tool not only promotes cross-promotion between projects but also provides free exposure opportunities for Solana projects through the ‘MYRO Trending’ feature, making it easy for users to view the prices of popular tokens, discover new investment opportunities, and attract many users and project parties to participate.

The team has also launched a pre-sale of Myro plush toys, 20cm high, made of high-quality plush material, with glass eyes and nose, supporting payment with MYRO, SOL, USDC, as well as debit or credit cards, combining virtual currency with physical goods, increasing the practical value of tokens. In addition, based on Solana Mobile, they are developing the Social-Fi mobile app, planning to allow users to sell published images and media as cNFTs, and users who like or collect images can receive a share of the final sale price, further expanding the project’s application boundaries in the social and digital asset fields.

Image Source:https://myrothedog.com/#tokenomics

MYRO has become one of the most prominent projects in the Solana ecosystem. It has an active community, which includes not only cryptocurrency investors but also a large number of dog lovers.

As of February 11, 2025, the number of subscribers on the Telegram community platform has exceeded 23,000; the number of fans on the X platform has exceeded 75,000.

Image source:https://t.me/myroSOL, https://x.com/myrosol

Technical Foundation

The Myro project is built on the Solana blockchain, which is known for its high throughput, low latency, and scalability. It adopts a hybrid consensus mechanism of Proof of History (PoH) and Proof of Stake (PoS), enabling transaction processing speeds of thousands per second, providing efficient and fast transaction foundations for various application scenarios of the MYRO project, ensuring users can quickly confirm and settle when conducting MYRO token transactions and participating in various activities within the project ecosystem.

The MYRO project uses smart contracts to achieve various functions and business logics, such as the issuance of $MYRO tokens, the setting of trading rules, the management of liquidity pools, and various automated operations in the Myro Buy Bot.

Social-Fi mobile applications need to rely on communication technology to achieve interaction and data transmission between users. Whether it’s users posting pictures and media as cNFTs, or actions like liking and saving, efficient and stable communication technology support is required. By integrating with Solana Mobile, utilizing its communication protocols and technology framework, fast and stable communication between the mobile end and the blockchain network has been achieved, providing users with a smooth social experience.

Token Economy

MYRO is the native token of the project, deployed on the Solana chain, with a total supply of 1 billion tokens, all circulating without any transaction tax. As of February 11, 2025, the price of MYRO is $0.01854, with a market capitalization of $18.68 million.

Image Source:https://www.gate.io/trade/MYRO_USDT

According to the data from Solscan.io, the number of MYRO holding addresses is 54,247, with the top 10 holding addresses accounting for 58.79%. The top holding address is Bybit exchange, accounting for 20.76%.

Image Source:https://solscan.io/token/HhJpBhRRn4g56VsyLuT8DL5Bv31HkXqsrahTTUCZeZg4#analytics

In addition to zero transaction tax, the MYRO token team has abandoned ownership of the contract and implemented a burning mechanism for LP tokens. This measure enhances the community’s trust in the project, safeguards the project from potential rug-pull (sudden fund withdrawal by the project party) risks, and lays the foundation for the stable development of the project.

Users can download the Phantom wallet, purchase SOL from the exchange or transfer it across chains to the wallet, and then buy MYRO on decentralized exchanges such as Jupiter or Raydium. Alternatively, users can directly purchase MYRO on centralized exchanges such as Gate.io, Binance, and Bybit.

Image Source:https://myrothedog.com/#tokenomics

The current application scenarios of MYRO include:

(1) Purchase peripheral products: Used to purchase Myro plush toys, which are 20cm tall, made of high-quality materials, support payment with MYRO, SOL, and USDC, and also accept debit or credit card payments, allowing holders to obtain physical peripherals with tokens.

(2) Project Ecosystem Construction: Myro Buy Bot is Solana’s first Telegram public BuyBot. With the development of the project, the ‘MYRO Trending’ feature may charge a small fee in the future, and the revenue generated will enter the Treat Jar (funding pool) to support the development of MYRO, promote project ecosystem construction, and ensure the continuous operation and expansion of the project.

(3) Social-Fi Activities: Social-Fi mobile app is based on Solana Mobile, allowing users to sell posted pictures and media as cNFTs, with users who like or save them receiving a share. $MYRO is likely to play a key role in trading, reward distribution, etc., creating value for users’ social interaction and thus enhancing the demand and value of the token in social scenarios.

Image Source:https://myrothedog.com/#tokenomics

Meme tokens usually lack practical utility and face high volatility and market uncertainty. The investment risk is relatively high, so investors need to make cautious decisions and invest within their means.

Risk Warning

The MYRO project originates from Raj Gokal, co-founder of Solana, and his pet dog Myro. After its establishment, MYRO has rapidly developed in the cryptocurrency field through measures such as building practical products and listing on major exchanges. Currently, MYRO has become one of the prominent projects in the Solana ecosystem, but it still faces many risks in various aspects:

(1) The cryptocurrency market is volatile, and MYRO prices are prone to large fluctuations. Intense competition from similar projects may lead to users and market share being taken over.

(2) The unclear regulation of the encryption industry, policy changes, and compliance challenges will affect project operations;

(3) Technically, smart contracts may have vulnerabilities. Failures, congestion, attacks, etc. on the Solana blockchain will also affect the project;