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Inari

INARI
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News

CFTC Chair Proposes New Regulations for Prediction Markets

CFTC Chair Proposes New Regulations for Prediction Markets

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CFTC Chair Mike Selig is developing new regulatory plans for prediction markets to ensure compliance with trading laws and address their intersection with cryptocurrency.
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Nguyen Van Long

US Dollar Surges Amid Trump's Iran Warnings

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The US Dollar experienced a significant rally following former President Trump's renewed warnings about Iran, leading to a flight to safety in global markets.
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Jesper Sørensen

Market Anticipates NonFarm Payrolls Report

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Traders are preparing for the NonFarm Payrolls report, expected to impact the US Dollar amid geopolitical tensions, with forecasts of 180,000 job changes and a 3.9% unemployment rate.
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Satoshi Nakamura

Solana Faces Weakening Performance and Declining Stablecoin Supply

Solana Faces Weakening Performance and Declining Stablecoin Supply

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Solana's network shows signs of decline with a significant drop in stablecoin supply, raising concerns about its future compared to Ethereum.
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Rajesh Kumar

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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