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Inari

INARI
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News

Hyperliquid Launches On-Chain Perpetual Futures Platform

Hyperliquid Launches On-Chain Perpetual Futures Platform

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Hyperliquid is designed to facilitate decentralized perpetual futures trading with zero gas fees.
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Tomas Novak

Bittensor Rewards Collaborative AI Development

Bittensor Rewards Collaborative AI Development

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Bittensor is a decentralized blockchain network that rewards participants for their contributions to machine learning.
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Emily Carter

Surge in Ethereum Staking Participation Despite Price Weakness

Surge in Ethereum Staking Participation Despite Price Weakness

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Surge in Ethereum staking participation despite price weakness.
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Katerina Papadopoulou

New Hampshire Plans to Issue Bitcoin-Backed Municipal Bonds

New Hampshire Plans to Issue Bitcoin-Backed Municipal Bonds

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New Hampshire Business Finance Authority authorizes up to $100 million in Bitcoin-backed municipal bonds, aiming to be the first US state to issue such bonds.
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Maya Lundqvist

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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