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Inari

INARI
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News

Brazil's House of Representatives Proposes National Bitcoin Reserve

Brazil's House of Representatives Proposes National Bitcoin Reserve

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Brazil's House of Representatives is exploring the establishment of a national Bitcoin reserve through Bill No. 4,501 of 2024.
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Gustavo Mendoza

CryptoQuant Report Indicates XRP Trading Volume Stabilization

CryptoQuant Report Indicates XRP Trading Volume Stabilization

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A recent CryptoQuant report analyzes XRP trading volume, indicating a balance between buyers and sellers.
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Rajesh Kumar

Analysts Highlight Key Indicators for Bitcoin's Market Bottom

Analysts Highlight Key Indicators for Bitcoin's Market Bottom

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Analysts highlight significant price-based benchmarks indicating Bitcoin is in a long-term accumulation phase, with key indicators suggesting a favorable position for long-term investors.
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Miguel Rodriguez

Political Dynamics Threaten Progress of Clarity Act

Political Dynamics Threaten Progress of Clarity Act

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Scott Bessent warns that the upcoming midterm elections could jeopardize the progress of the Clarity Act, especially if Democrats gain a majority in the House.
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Luis Flores

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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