At some point in time, we are likely to send micro crypto payments to our fellows, partners, or followers. Normally, what we do is to send one person at a time. In the case of a huge list of recipients, the process is going to be stressful and time-consuming. The Token BulkSender helps send out micropayments of Ethereum based tokens (ERC20).
Let's explore the Token BulkSender application and how best we can utilize it.
What is Token BulkSender?
Token BulkSender is a decentralized application (dApp) that helps users send Ethereum based tokens to thousands of recipients with few transactions. Just like the regular email bulk sender application, Token BulkSender works in a similar way but what's being sent is a coin or specific tokens.
What Token can You send?
Token BulkSender works for only Ethereum and Ethereum based tokens, ERC20 tokens to be specific. E.g. BAT, LRC, DAI, etc.
Why use Token BulkSender?
With Token BulkSender, you save huge on transaction fees. It also helps save time and stress of having to send each recipient in a new transaction. Process your recipients' list in any of these file formats: Excel/CSV/TXT and just import and you good to go. Now that ETH Tx fees are so high, using Token BulkSender will be a smart option.
Who can use Token BulkSender?
Basically, Token BulkSender can be used by anyone wanting to send bulk payments to different people and needs an efficient way of doing it.
However, there some people that will need to use tools like this on a regular basis. They include:
Publish0x and Similar Platforms: Publish0x sends out payments every Monday to a large number of P0x users. If P0x admins are to send them one by one, you can imagine when you're going to receive your BAT, LRC, or DAI lol.
Bounty & Airdrop Managers: As part of their business processes, sending micropayments is more like a daily activity. With token BulkSender, they can distribute bounty and airdrop rewards within minutes.
Crypto Projects and Influencers: Some project sometimes organizes airdrops campaigns, so does some crypto influencers. Using this bulk sender can make life much easier for them.
How to use BulkSender
- Go to link, connect your wallet and choose Ethereum Mainnet
- Wait for your funds to load and select the token you would want to send
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Import a file (Excel/CSV/TXT) containing the recipient addresses and amounts to be sent or manually input them separated by commas.
e.g. 0x32be343b94f860124dc4fee278fdcbd38c102d88,10 - Click "Next" to advance to the confirmation page where you're going to confirm your transaction data (txs, fees, etc.) and submit when all is set.
- Approve the transaction from your wallet the transaction and wait for your process to complete.
Conclusion
According to Dapp, Token BulkSender has a total transaction of 21,970 and a total volume of about $48,877,114.94. Most importantly, it's a great tool and once in a while, we might need to use such tools to carry out our tasks.
