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Inari

INARI
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News

US Military Operation 'Project Freedom' Affects Global Markets

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The US military begins escorting vessels through the Strait of Hormuz, impacting oil prices and market sentiment.
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Miguel Rodriguez

Drift Protocol Announces Recovery Plan Following Major Hack

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Drift Protocol has announced a comprehensive recovery plan to compensate users affected by the recent hack attributed to North Korean hackers.
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Luis Flores

AI Transforms Brazilian Nursery Rhyme into 1950s Blues Track

AI Transforms Brazilian Nursery Rhyme into 1950s Blues Track

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An account named IABatida has turned the popular Brazilian children's song 'O Sapo no lava o pé' into a 1950s-style blues track featuring AI-generated frogs.
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Arif Mukhtar

Analyst Warns of Imminent Bitcoin Price Crash

Analyst Warns of Imminent Bitcoin Price Crash

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A crypto market analyst warns of a potential Bitcoin price crash 750 days after the last halving event.
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Maria Gutierrez

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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