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Inari

INARI
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INARI

News

James Wynn: How High-Risk Trades Led to Massive Losses

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Crypto trader James Wynn suffered massive losses amounting to hundreds of millions, leading to his X account deletion.
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Giorgi Kostiuk

Ethereum: Falling Wedge and Possible $3,100 Breakout

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Ethereum forms a falling wedge that could lead to a breakout and price rise to $3,100.
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Giorgi Kostiuk

Cardano (ADA) Exhibits Growth Breaking Resistance at $0.70–$0.72

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Cardano (ADA) exits a descending channel, breaching key levels. A rise towards $0.90–$1.20 is anticipated.
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Giorgi Kostiuk

Launch of KenyaNDT: Kenya's Digital Token on Solana Blockchain

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Kenya introduced its national digital token KenyaNDT aimed at financial inclusion and support for digital trade.
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Giorgi Kostiuk

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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