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Inari

INARI
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News

Concerns of an AI Bubble Similar to 2008 Housing Crisis

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Concerns about a potential AI bubble are being discussed, drawing comparisons to the 2008 housing crisis and the dot-com bubble.
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Zainab Kamara

Rising Treasury Yields Impact Stock and Crypto Markets

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The recent surge in US 30-year treasury yields is impacting stock and cryptocurrency markets, leading to increased borrowing costs and a preference for safer investments.
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Jacob Williams

AI Companies Destroying Books for Training Data Raises Concerns

AI Companies Destroying Books for Training Data Raises Concerns

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AI companies are acquiring and destroying physical books to create training datasets, raising concerns about copyright and the preservation of literary works.
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Son Min-ho

Cryptocurrency Scams Account for Over Half of Cybercrime Losses

Cryptocurrency Scams Account for Over Half of Cybercrime Losses

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A report by the Consumer Federation of America reveals that cryptocurrency scams have led to significant financial losses, with estimates reaching 807 billion.
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Ayman Ben Youssef

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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