What Is Inari?
Inari is an ERC-20 token designed specifically to disincentivize sells, while fully allowing them, with the goal of creating conditions in which the token can continuously grow over time. This is done through a dynamic fee and buyback system, which allows the contract to react to market conditions dynamically and intervene when there are attempts to sabotage its growth.
How many Inari tokens are in circulation and what is the fee structure?
Inari launched on June 28th, 2021 with a 1 trillion supply of Inari tokens, 60% of which were immediately burned, and the remaining 40% added to the Uniswap liquidity pool. There is a settable liquidity tax which is static on buys (can be set to a limited range from 10% to 20%), and dynamic on sells (has a lower and upper limit of 10% and 40% respectively) where the price impact of the sell determines the fee that is paid within the limit. The fee linearly dependent on the price impact, e.g. given a 10-40% range on the sell tax, a 2.5% price impact sell transaction will incur a 25% fee. The liquidity tax is split half-and-half between the buyback wallet and the development team wallet.
Furthermore there is a settable redistribution fee, which distributes a percentage of transactions to all current holders of the token.
Who Are the Founders?
The Inari token is the idea of an Italian blockchain developer who, noticing the many issues plaguing other buyback tokens, decided to not only fix those issues, but add additional innovations which when coupled with the original idea, increase its effectiveness several-fold.
The developer’s academic background in computer science paired with their extensive background in the field of cryptocurrencies form the foundation of the Inari team.
Where Can Inari be bought?
Inari is tradeable on Uniswap and is fronting requests from multiple CEX’s who would like to list it.