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Inari

INARI
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News

Altcoin Market Shows Signs of Structural Shift

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The altcoin market is experiencing a significant increase in trading volume, indicating a potential structural shift in market participation.
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Maria Fernandez

Crypto Market Stabilizes Near $200 Billion

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The total crypto market cap stabilizes near $200 billion after a period of weakness, indicating a potential shift in market sentiment.
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Gustavo Mendoza

Strategys Phong Le Emphasizes the Importance of Software in Bitcoin Strategy

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Phong Le emphasizes the interconnectedness of Strategy's Bitcoin identity and its software business, arguing that both reinforce each other.
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Rajesh Kumar

Senate Banking Committee to Markup CLARITY Act on May 14

Senate Banking Committee to Markup CLARITY Act on May 14

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The Senate Banking Committee is set to hold a markup of the long-awaited CLARITY Act on May 14, following significant delays and disputes.
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Miguel Rodriguez

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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