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Inari

INARI
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News

Smarter Web Company Sells Bitcoin to Repay Debt

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The Smarter Web Company sold part of its Bitcoin treasury to repay an $11.7 million convertible debt facility, prioritizing balance sheet flexibility over equity dilution.
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Bayarjavkhlan Ganbaatar

BancaStato Brings Crypto Trading to Traditional Banking

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BancaStato partners with Sygnum and Avaloq to integrate cryptocurrency trading into its banking services, allowing clients to buy, hold, and sell digital assets directly through the bank's platforms.
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Mohamed Farouk

Injective Seeks SEC Approval to Become a Transfer Agent

Injective Seeks SEC Approval to Become a Transfer Agent

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Injective has filed Form TA1 with the SEC to register as a transfer agent, aiming to support regulated real-world asset infrastructure on-chain.
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Elias Mukuru

The Critical Role of Transfer Agents in Financial Markets

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Transfer agents are crucial for maintaining securities ownership records and facilitating transfers, especially as markets transition to on-chain solutions.
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Diego Alvarez

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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