As the community grows, so does the frequency and volume of these rewards. Manually distributing these tokens becomes impractical due to the sheer number of transactions required. Here's where Zloadr's Multi-Send Tokens tool comes into play, allowing you to send cUSDC tokens to multiple recipients in a single transaction, thus saving time and reducing Ethereum network gas fees.

Step-by-Step Guide Step 1: Connect Your Wallet

• Action: Navigate to Zloadr's Multi-Send Tokens tool and click on the "Connect" button to link your MetaMask wallet (or any compatible wallet) to the application. This step is crucial as it enables the tool to interact with your wallet, facilitating the token transfer process.
• Details Needed: No specific details are required at this stage other than the action of connecting your wallet.

Step 2: Enter cUSDC Token Contract Address

• Action: Input the contract address of the Compound USD Coin (cUSDC) into the designated field. This action informs the application about the specific token you intend to distribute.
• Details Needed: You'll need the cUSDC token contract address, which can be found on blockchain explorers like Etherscan. After inputting the address, click on "Fetch Token Info" to confirm the token's details, such as its name and decimals.

Step 3: Parse Recipient Data

• Action: Prepare a CSV-formatted list (or similar structured format) containing the recipient addresses and the respective amounts of cUSDC tokens to be sent to each. Ensure this list adheres to the format "address, amount," with entries separated by commas, tabs, or spaces. Paste this list into the tool.
• Details Needed: A carefully compiled list of recipient addresses alongside the exact amounts of cUSDC tokens to be sent to each. Verify the accuracy of this information to prevent errors.

Step 4: Approve Bulk Send

• Action: After parsing the recipient data, the total amount of cUSDC tokens to be distributed will be displayed. Confirm the bulk send operation by approving it in your connected wallet, which might prompt you to sign a transaction.
• Details Needed: Confirm the total amount of cUSDC tokens displayed matches your intended distribution volume.

Step 5: Execute Bulk Send

• Action: With the approval process completed, you can now proceed with the bulk send operation. Click on "Send Batch" to start the process of distributing the cUSDC tokens to the specified addresses.
• Details Needed: No further details are required at this point. Simply initiate the transaction.

Important Considerations

• Gas Fees: Keep in mind that executing a bulk send operation will incur Ethereum network gas fees. These fees vary based on current network conditions and the transaction's complexity.
• Token Availability: Ensure your wallet holds a sufficient amount of cUSDC tokens for distribution and enough Ethereum (ETH) to cover the transaction fees.
• Security Measures: Double-check the accuracy of recipient addresses and the amounts of cUSDC tokens to be sent. Blockchain transactions are irreversible, making it critical to ensure all information is correct before execution.

By following this guide, you can efficiently distribute cUSDC tokens to multiple recipients, streamlining what would otherwise be a time-consuming and resource-intensive process.