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Inari

INARI
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News

Sonic Blockchain Achieves 10,000 TPS on Ethereum Layer 2

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Sonic, a high-performance Layer 2 blockchain on Ethereum, has successfully processed over 10,000 transactions per second (TPS) with subsecond finality, addressing scalability challenges.
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Maria Gutierrez

Toncoin Shows Steady Growth in Cryptocurrency Market

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Toncoin continues to demonstrate positive growth in the cryptocurrency market, although it lacks the explosive potential seen in other projects like MoonBull.
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Andrew Smith

Major US Banks Begin Issuing Credit Against Bitcoin Holdings

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Major US banks like JPMorgan and Bank of America are issuing loans at 65-70% loan-to-value against Bitcoin holdings, allowing companies to use Bitcoin as collateral to borrow dollars tax-free.
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David Robinson

xAI Struggles with Recruitment Amid High Turnover and Controversies

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xAI is facing recruitment challenges due to high turnover among leadership and controversies surrounding Elon Musk.
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Katerina Papadopoulou

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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