KoeiTama.com Halts Shiba Inu Bartering-Protocol, Steps Back To Re-Evaluate High ETH Gas-Fee Dilemma

Koei • Tama Music grp. pauses implementation of "Shiba Inu" Cryptocurrency as means-of-trade to attain selections from its audio-catalogues and premium-contents
By: Koei • Tama
SAN ANTONIO - Nov. 21, 2021 - PRLog -- Koei/Tama Music will halt its efforts towards a temporary solution it had been testing, involving a method to utilize "Shiba Inu" tokens in exchange for goods and services produced by the entity. Challenges encountered revolved mostly around the high Ether gas-fees currently being quoted on each transaction of a single-sale vs. grouped-buying. [They] instead seek a portal like instance where buyers could somehow trade the Shiba Inu token with highly reduced or potentially, "no fees", such as in the case of Layer-2 protocols which do solve many of these issues that ERC-20 token-holders would like to see collectively resolved.

"The bottom line is really that it'd be fun to have this type of currency to goods or services swap available," Koei/Tama executives explained, "But the one thing keeping it all from reaching homeostasis is truly the gas fee dilemma with Ether."

"We can't build in the context we see applicable because ideally, you'd want non techy buyers to be able to attain Shib as an option, most similar to any other transaction they are doing online."

"Regardless whether it's Amazon, Ebay, PayPal, or something like Coinbase itself, you'd want the buyer to be able to click single buttons and be able to choose to buy Shib then decide how much to spend on us then either walk away with the rest or convert to some other digital currency or as they say, the list goes on and on per these issues."

"Despite anything, what we're envisioning is something that works simple and even introductory to the complete beginner learning curve and appetite. Even if we could make that possible, suddenly, the buyer would then be slammed with the high gas fee conundrum and it all falls apart from there."

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About Koei • Tama:

KOEI • TAMA co. ind. ventures int. is a creator, distributor, licensing-party, and publisher of interactive-"audio" downloads and streams, primarily marketed for 'current'-generation console and handheld devices as well as song/music play-providers across the globe.

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