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Planning to mint ERC20 tokens month-to-month and distribute mechanically to our group primarily based on contributions made on our platform. Utilizing L2 on Optimism to cut back gasoline charges from the month-to-month distribution. This is the method and that i’d love suggestions on whether or not its a superb setup, or solutions on enhancements : ethereum

by cryptostandard
in Ethereum
Reading Time: 2 mins read
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I have been engaged on tokenising contributions to my group the place professionals world wide construct tasks for good causes collectively, specializing in empowering native folks to create world change.

Fuel charges have been holding me again as i’ve all the time self funded the group and we run it on a really brief shoe string, and that i fear i would not have the ability to afford to distribute the tokens to our members every month so i have been wanting into setting it up on a L2.

I would be very grateful for recommendation/suggestions earlier than embarking on constructing it as if i am heading within the fallacious course it’s going to save a whole lot of time to seek out out now.

Because the token is just deliberate to have a nominal worth for now safety is much less essential than getting arrange and working rapidly.

This is the plan i’ve give you to this point:

  1. ERC20 token created through OpenZepplin wizard

  2. Deployed on Optimism following this Ankr.com information

  3. Consumer wallets and month-to-month rating imported into Google sheets by giving Google Script an API Key

  4. Month-to-month rating transformed right into a share of whole utilizing spreadsheet capabilities

  5. Pockets addresses pulled from Google sheet and distributed through Disperse.app

Thanks for studying



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Tags: AutomaticallyBasedBitcoin NewsCommunitycontributionsCrypto NewsCrypto StandardCrypto UpdatesDistributeDistributionERC20ethereumfeedbackFeesGasGoodHeresImprovementsLatest Bitcoin NewsloveMintMonthlyOptimismPlanningplatformProcessreducesetupSuggestionstokens
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