This scenario is common in airdrops, rewards distribution, or even in sharing dividends among stakeholders. Conducting these transactions individually can be time-consuming and prone to errors. Zloadr's "Multi-Send Tokens (ERC20) Tool" offers a solution by enabling users to send tokens to numerous addresses in a single transaction, saving time and reducing transaction costs.

Step-by-Step Guide to Bulk Sending ERC20 Tokens Using Zloadr Step 1: Connect to a MetaMask Wallet

• Action: Begin by clicking on the "Connect" button to link your MetaMask wallet to the application. This step is crucial as it allows the decentralized application (dApp) to interact with your wallet, facilitating the token transfer process.

Step 2: Enter the Token Contract Address

• Action: Input the contract address of the ERC20 token you intend to distribute. This information tells the application which token you are planning to send.
• Details Needed: The Ethereum address of the ERC20 token contract. After inputting this address, click "Fetch Token info" to display the token's details, such as its name and decimal precision.

Step 3: Parse Data

• Action: Paste a list of recipient addresses and the corresponding token amounts to be sent to each address. This list should be in CSV format or a similar structure, formatted as "address, amount", with entries separated by commas, tabs, or spaces.
• Details Needed: A list of addresses and the exact amounts to send, considering the token's decimal precision. Click "Parse" to validate this data.

Step 4: Confirm the Total Amount to be Sent

• Action: Review the total amount of tokens displayed after parsing the data. You must approve the bulk send operation by selecting "Approve BulkSend to send tokens".
• Details Needed: Confirm the total amount displayed aligns with your intended distribution.

Step 5: Execute the Bulk Send

• Action: With approval secured, initiate the bulk sending process by clicking on "Send Batch". This action starts the distribution of tokens to the listed addresses.
• Details Needed: No additional details are required at this stage, merely confirmation of your action.

Important Considerations

• Gas Fees: Be aware that bulk sending tokens incurs gas fees, influenced by the Ethereum network's current conditions and the transaction's complexity.
• Token Ownership: Ensure you possess an adequate amount of the ERC20 tokens you're sending and have sufficient Ethereum (ETH) to cover gas fees.
• Security: Meticulously check recipient addresses and the amounts to avoid mistakes. Transactions on the blockchain are irreversible, making accuracy paramount.

By following these steps, you can efficiently distribute ERC20 tokens to multiple recipients in a single transaction, leveraging Zloadr's powerful and user-friendly tool. Always conduct a test transaction with a minimal amount before proceeding with the full batch to ensure the process works as expected.