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Inari

INARI
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News

Key Bitcoin Pivot Approaching with Historical Significance

Key Bitcoin Pivot Approaching with Historical Significance

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A critical pivot point for Bitcoin is expected on the 25th, with historical data suggesting it may mark local lows.
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Leo van der Veen

Bankman-Fried's Family Pushes for Clemency, Claims Political Motivation

Bankman-Fried's Family Pushes for Clemency, Claims Political Motivation

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Bankman-Fried's family advocates for clemency, claiming political motivation behind prosecution.
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Aisha Farooq

Federal Prosecutors Doubt Authenticity of Letter from Sam Bankman-Fried

Federal Prosecutors Doubt Authenticity of Letter from Sam Bankman-Fried

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Federal prosecutors have raised concerns about the authenticity of a letter allegedly sent by Sam Bankman-Fried from prison, suggesting it may not have originated from there.
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Li Weicheng

Ripple Survey Highlights Growing Importance of Digital Assets in Finance

Ripple Survey Highlights Growing Importance of Digital Assets in Finance

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A recent survey by Ripple reveals that finance leaders increasingly recognize the significance of digital assets in the global financial landscape.
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Tenzin Dorje

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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