Myro

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Discover Myro's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Myro?

Myro (MYRO) is a decentralized cryptocurrency powered by the Solana blockchain. It is known for its eco-friendly and energy-efficient nature, high-performance blockchain platform, and unique features such as fast transaction speed and low transaction fees. Myro is also recognized for its community-driven approach and innovative solutions for various sectors.

How is Myro used?

Myro is a plant-powered, eco-friendly body care brand offering refillable deodorant and body wash products. Here's how to use Myro:

  1. Deodorant:

    • Application: Roll the deodorant on your armpit, about 2 or 3 swipes under each armpit. It works best when the underarm is clean and dry.
    • Refills: Pop a new pod into the reusable deodorant case. Twist to lock until you hear a "click".
  2. Body Wash:

    • Application: Use the sulfate-free, ultra moisturizing body wash. Simply add water to create a rich lather.
  3. Refills and Recycling:

  • Refills: Choose from various scents and formulas for both deodorant and body wash. Each refill pod is designed to last up to 45-60 days for deodorant and is fully recyclable.
  • Recycling: Rinse and recycle used pods to minimize waste.

Overall, Myro promotes sustainability through reusable packaging, recyclable refills, and natural ingredients.

How do I store Myro?

To store Myro (MYRO) tokens, you can use several non-custodial wallets that support Solana, as Myro is built on the Solana blockchain. Here are some options:

  1. Phantom Wallet: This is a popular choice for storing Myro tokens. You can download the Phantom wallet as a browser extension on desktop. Once set up, you can connect it to Raydium, fund it with Solana, and trade Solana for Myro. After purchasing Myro, it will automatically populate underneath your Solana account within Phantom.

  2. Tangem Wallet: This is a cold storage wallet that supports Myro. It is considered safe and convenient, allowing you to store and swap Myro tokens securely.

  3. Trust Wallet: You can also add Myro to Trust Wallet by setting it up, navigating to the 'Receive' section, searching for Myro, and copying the receive address. This will enable you to receive Myro tokens.

  1. Ledger Wallet: If you have a Ledger wallet, you can store Myro tokens by connecting your Ledger device to Phantom or Solflare, which are Ledger-compatible third-party applications. This allows you to view and manage your Myro tokens securely.

These wallets provide a secure and convenient way to store and manage your Myro tokens.

How to buy Myro?

To buy Myro (MYRO) tokens, you can follow these steps:

  1. Choose an Exchange: Select a reliable cryptocurrency exchange that supports MYRO, such as MEXC, KuCoin, or StealthEX.

  2. Create an Account: Sign up for an account on the chosen exchange by providing your email address, mobile phone number, and country of residence. Ensure you create a strong password and set up additional security measures like Google 2FA and anti-phishing codes.

  3. Verify Your Account: Complete the Know-Your-Customer (KYC) process by providing personal information and uploading a valid Photo ID.

  1. Add a Payment Method: Link a payment method such as a credit/debit card or bank account to your exchange account.

  2. Buy MYRO: Use your payment method to purchase MYRO tokens. You can either buy directly with fiat currency or exchange other cryptocurrencies like USDT for MYRO.

  3. Store Your MYRO: Once you have purchased MYRO, you can store it in your exchange wallet or transfer it to a personal wallet for added security.

Additional Tips:
  • Use Stablecoins: Consider buying stablecoins like USDT first and then exchanging them for MYRO to minimize market volatility.
  • Peer-to-Peer Trading: Some exchanges, like MEXC, offer peer-to-peer trading services, which can provide more flexibility in buying MYRO.
  • Fees and Security: Be aware of the fees associated with each exchange and ensure you choose a platform with robust security measures to protect your assets.

By following these steps, you can successfully buy and manage your Myro (MYRO) tokens.

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History of Myro

Myro, also known as MYRO, has a dual identity: as a sustainable body care brand and as a cryptocurrency project inspired by Raj Gokal's dog, Myro, who is the co-founder of Solana.

Myro Body Care

Myro, the body care brand, was founded by Greg Laptevsky, who aimed to revolutionize the deodorant industry by offering eco-friendly, refillable, and Instagram-worthy products. The brand focuses on sustainability, using plant-powered formulas and refillable cases that reduce plastic waste by at least 50% compared to typical deodorants. Myro's products include deodorants and body washes, available through a direct-to-consumer subscription model and in retail partnerships with companies like Amazon and Anthropologie.

Myro Cryptocurrency

Myro, the cryptocurrency, was created as a tribute to Raj Gokal's dog, Myro, and is part of the Solana blockchain ecosystem. It is a community-driven project that aims to enhance community engagement and awareness within the Solana ecosystem. MYRO token offers various utilities, including the Myro Buy Bot, which promotes collaboration between projects, and Myro Staking, which allows investors to earn rewards and contribute to Solana's decentralization. The cryptocurrency is known for its fast transaction speed, low fees, and eco-friendly nature, making it a preferred choice for traders seeking efficient transactions.

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How Myro works

Myro, a natural deodorant brand, works by using a unique combination of ingredients to provide effective odor control without the use of aluminum, a common antiperspirant. Here's how it works:

Ingredients and Mechanism

Myro's deodorant formulas are plant-powered, aluminum-free, baking soda-free, vegan, and aloe-based. The key ingredients include:

  • Probiotics and Sage: These neutralize body odor (BO) bacteria, ensuring a fresh and clean scent.
  • Aloe Vera: This soothes the skin, providing a comfortable and streak-free glide.
  • 100% Natural Scents: These scents are released over time, ensuring a subtle and pleasant aroma.
Refillable Case and Pods

The deodorant comes in refillable cases made from durable, dishwasher-safe plastic. The refill pods are 2oz each, which is enough to last for 45-60 days of average use. These pods are made from easy-to-recycle plastic and use about 50% less plastic than regular deodorants.

Application and Convenience

The refillable case is designed for ease of use. Simply twist and lift to insert a fresh pod, and the case can be easily cleaned in a dishwasher. The pods are also TSA-compliant for carry-on travel.

Sustainability

Myro prioritizes sustainability by reducing single-use plastic waste. Every refill reduces plastic waste by at least 50%, and all refills are fully recyclable. The brand is 100% plastic neutral, eliminating or offsetting all the plastic they create.

Performance

While Myro is not an antiperspirant, it effectively manages sweat and odor. Users have reported that it works well even during intense activities like hot yoga and running, although it may not completely eliminate sweat. The natural ingredients ensure a comfortable and gentle application.

Overall, Myro offers a natural, eco-friendly, and effective deodorant solution that not only works well but also contributes to a more sustainable future.

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Myro's strengths

Myro's strengths include:

  • Effective Formula: Myro's deodorants are known for their effectiveness, with the Myro+ formula lasting 24 hours and being suitable for sports or extra oomph.
  • Natural Ingredients: Myro's formulas are powered by real plants, using 100% natural fragrances and essential oils, and are free from aluminum, alcohol, and silicones.
  • Sustainable Packaging: Myro's refillable deodorant pods are made from durable, dishwasher-safe materials and are fully recyclable, reducing single-use plastic waste by at least 50%.
  • Variety of Products: Myro offers a range of products, including body washes and deodorants, with different scents and formulas to cater to various preferences.
  • Good for Sensitive Skin: Myro's formulas are designed to be gentle on the skin, with options for extra sensitive skin and no fragrance included.
  • Positive Customer Reviews: Many users have praised Myro's products for their effectiveness, natural scents, and eco-friendly packaging.

Myro's risks

Myro (MYRO) is considered a high-risk investment, similar to other meme coins. The risks associated with investing in Myro include market volatility, potential manipulation due to limited trading activity, and the speculative nature of cryptocurrency investments.

InvestorsObserver gives Myro a medium risk assessment based on its proprietary scoring system, which calculates the amount of money required to move the price over the past 24 hours with changes in volume and market capitalization. This indicates that Myro can potentially be influenced by limited trading activity, making it a moderate risk investment. However, in a later assessment, InvestorsObserver gives Myro a low risk score, suggesting that it is less susceptible to manipulation.

Additionally, Myro's price predictions and market performance are subject to significant fluctuations, making it essential for investors to conduct thorough research and only invest what they can afford to lose.

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Did Myro raise funds?

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Myro’s team

  • Greg Laptevsky: Founder and CEO of Myro, previously worked at Plated, and has a background in behavioral economics and marketing.
  • Vishal Vasishth: Board of Directors member, investor in values-driven companies, and co-founder of Obvious Ventures.
  • Melanie Wiesenthal: Employee at Myro.
  • Eric Ryan: Serial entrepreneur, investor, and advisor at Myro.
  • Gregory Ibe: Senior Consultant at Myro.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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