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Inari

INARI
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News

XRP Withdrawal Transactions Plummet to Record Lows

XRP Withdrawal Transactions Plummet to Record Lows

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XRP withdrawal transactions on Binance have plummeted from over 8,000 in mid-April to about 12 recently, indicating a potential shift in market behavior.
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Rajesh Kumar

Fold Holdings Introduces Innovative Bitcoin Bonus Program for Employees

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Fold Holdings, Inc has launched a Bitcoin Bonus Program that allows companies to pay recurring BTC bonuses to employees, starting with Steak n Shake.
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Lucas Weissmann

Global Interest in Crypto Derivatives Surges Amid Regulatory Changes

Global Interest in Crypto Derivatives Surges Amid Regulatory Changes

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Global interest in crypto derivatives is rising as Thailand's SEC proposes new rules, with Blockchain.com launching perpetual futures trading and Kraken's parent company acquiring Bitnomial.
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Filippo Romano

Thailand's SEC Proposes Streamlined Licensing for Crypto Derivatives

Thailand's SEC Proposes Streamlined Licensing for Crypto Derivatives

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Thailand's SEC has proposed a new rule allowing digital asset companies to apply for derivatives licenses directly, streamlining the process.
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Emily Carter

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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