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Inari

INARI
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News

Crypto Market Speculates on Clarity Act's Impact

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Speculation arises in the crypto market regarding the potential impact of the proposed Clarity Act on stablecoin yield regulations.
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Tomas Novak

Shibarium Layer3 Explorer Testing Begins Amid Community Concerns

Shibarium Layer3 Explorer Testing Begins Amid Community Concerns

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Woofswap has confirmed that early testing of a Shibarium Layer3 explorer is currently underway as part of the ShibClaw initiative, raising community concerns due to the lack of details regarding the mainnet launch and technical specifications.
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Katerina Papadopoulou

Epic Games to Lay Off Over 1,000 Employees Amid Cost-Cutting Measures

Epic Games to Lay Off Over 1,000 Employees Amid Cost-Cutting Measures

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Epic Games is laying off over 1,000 employees as part of a cost-cutting effort due to declining engagement in Fortnite.
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Maya Lundqvist

CFTC Allows Phantom to Offer Derivatives Access Without Broker Registration

CFTC Allows Phantom to Offer Derivatives Access Without Broker Registration

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CFTC has allowed Phantom to provide access to derivatives markets without broker registration.
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Tenzin Dorje

What is Inari?

Inari is a reflective ERC-20 community token with a dynamic fee structure, buyback, and black hole mechanics, which rewards holders, especially when whales take profit. The token is characterized by two taxes both on buys and sells: the liquidity fee is split between buyback funds and marketing wallet; the redistribution is reflected to holders. The difference between the two taxes is that the buy tax is fixed, while the sell tax is directly proportional to a sell's price impact, with minimum of 10% fee and maximum of 40% fee. Every time a sell occurs, the contract buys back an amount of tokens proportional to the price impact as well. This amount is determined as follows: buyback = baseAmount * (1 + (dynamicFee - staticFee) / staticFee) * K. All the tokens bought back are sent to the dead address to be burned. Finally, since 60% of the initial supply was burned upon launch, and since the dead address also collects fees, as well as receiving the burned tokens, Inari is ultimate hyper-deflationary undumpable token.

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