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Inari

INARI
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The PASS: New Utility NFTs to Empower Web3 Creators

The PASS: New Utility NFTs to Empower Web3 Creators

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The PASS has been introduced as a framework for Web3 creator economies, offering Utility NFTs that enable community creation and governance.
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Rajesh Kumar

DAOBase Launches to Streamline DAO Data Access

DAOBase Launches to Streamline DAO Data Access

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DAOBase has been launched to aggregate data from over 140,000 DAOs into a single search engine, providing insights into governance and treasury activities.
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Miguel Rodriguez

Crypto Market Cap Recovers After Recent Decline

Crypto Market Cap Recovers After Recent Decline

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The total crypto market cap has climbed to $2.34 trillion after a 5.68% gain in the past day, despite cautious market sentiment.
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Luis Flores

Vietnam Introduces New Tax on Cryptocurrency Transactions

Vietnam Introduces New Tax on Cryptocurrency Transactions

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The Ministry of Finance in Vietnam has proposed a new tax on cryptocurrency trades and transfers, treating them similarly to stock trades.
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Arif Mukhtar

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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