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Inari

INARI
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News

Qivalis Consortium Secures Support for Europe-Pegged Stablecoin Initiative

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The Qivalis consortium has secured support from 37 European banks for a Europe-pegged stablecoin initiative to enhance the competitiveness of Europe's digital assets market.
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Katerina Papadopoulou

European Commission Initiates Consultation on Crypto Regulation

European Commission Initiates Consultation on Crypto Regulation

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The European Commission has launched a consultation to review the EU's regulatory framework on crypto assets, known as the Markets in CryptoAssets Regulation (MiCA), to gather feedback from stakeholders and the public.
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Maya Lundqvist

Bankless Explores the Strategic Partnership Between Coinbase, Circle, and Hyperliquid

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Bankless analyzes the strategic partnership between Coinbase, Circle, and Hyperliquid, highlighting its potential to enhance USDC's market share and user experience against USDT.
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Leo van der Veen

HYPE Approaches All-Time Highs Amid Strong Market Support

HYPE Approaches All-Time Highs Amid Strong Market Support

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HYPE is trading near $49.50, approaching critical resistance levels with strong buyer support and increased trading volume, indicating potential for significant price discovery.
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Li Weicheng

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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