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Inari

INARI
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News

X Launches New Crypto Cashtags Feature

X Launches New Crypto Cashtags Feature

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X has launched a new feature called Cashtags, enhancing crypto and market infrastructure with token discovery, price charts, and trading functionality directly in the app.
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Maya Lundqvist

Caution Advised Amidst Bitcoin's Bullish Outlook

Caution Advised Amidst Bitcoin's Bullish Outlook

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Edwards warns of AI-driven security threats to crypto infrastructure while maintaining a bullish stance on Bitcoin. He emphasizes the need for caution regarding complex DeFi protocols in light of emerging AI threats. Investors are encouraged to remain disciplined and manage risks while exploring opportunities in Bitcoin.
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Leo van der Veen

IMF Issues Recession Warning Amid Escalating US-Iran Conflict

IMF Issues Recession Warning Amid Escalating US-Iran Conflict

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The International Monetary Fund (IMF) has warned that the world may be on the brink of a recession due to the ongoing US-Iran war and rising oil prices, cutting its global growth forecast to 3.1%.
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Li Weicheng

Kraken Under Extortion Threat Following Security Breach

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Kraken is facing an extortion threat from a criminal group claiming to have accessed internal systems and threatening to release client data unless demands are met.
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Aisha Farooq

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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