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Inari

INARI
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News

Expert Warns XRP Holders About Risks Following Kelp DAO Hack

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Market expert Iso Ledger warns XRP holders about the risks associated with wrapped assets following the Kelp DAO hack.
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Aisha Farooq

Prediction Markets Under Regulatory Scrutiny

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Prediction markets are currently facing significant regulatory challenges as states and federal authorities grapple with whether these platforms should be classified as gambling or regulated financial instruments.
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Tenzin Dorje

Intercontinental Exchange Expands Investment in Polymarket

Intercontinental Exchange Expands Investment in Polymarket

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Intercontinental Exchange has deepened its investment in Polymarket, bringing its total commitment to $1.6 billion.
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Bayarjavkhlan Ganbaatar

Polymarket Seeks $400 Million Funding to Boost Valuation

Polymarket Seeks $400 Million Funding to Boost Valuation

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Polymarket is currently in discussions to raise $400 million at a valuation of around $15 billion.
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Mohamed Farouk

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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