Instead of sending these tokens individually, which would be time-consuming and prone to error, the company can use Zloadr’s Multi-Send Tokens tool to send these tokens in bulk or in batches, ensuring a swift, efficient, and accurate distribution process.

Steps to Send Dai Stablecoin Tokens in Bulk Step 1: Connect to a MetaMask Wallet

• Action: Navigate to the Multi-Send Tokens tool on Zloadr's platform and click on the "Connect" button.
• Purpose: This step allows you to connect your MetaMask wallet, from which the Dai Stablecoin tokens will be sent.

Step 2: Enter Token Contract Address

• Action: Input the Dai Stablecoin contract address in the designated field.
• Details Needed: You need the Ethereum address of the Dai Stablecoin contract. After entering this, click "Fetch Token info" to display the token’s details, like its name and decimal.

Step 3: Parse Data

• Action: Prepare a CSV-formatted list of recipient addresses and the corresponding amounts of Dai tokens to be sent to each. This list should follow the format: address, amount. Paste this list into the tool.
• Details Needed: Ensure the amounts are in accordance with the Dai token's decimal precision. Click "Parse" to validate and organize the data for sending.

Step 4: Confirm Amount to be Sent

• Action: The tool will display the total amount of Dai tokens to be sent. You must approve this bulk send operation by clicking "Approve BulkSend to send tokens".
• Details Needed: Verify that the total amount displayed matches the intended distribution amount.

Step 5: Bulk Send Tokens

• Action: Following approval, you can proceed with the bulk send operation. Click "Send Batch" to start sending the Dai tokens to the listed addresses.
• Details Needed: No additional details are needed at this stage; you only need to confirm the action.

Important Considerations

• Gas Fees: Be aware that bulk sending tokens incurs gas fees, which depend on the Ethereum network's current conditions and the size of your transaction.
• Token Ownership: Ensure you have a sufficient amount of Dai tokens for distribution and enough Ethereum (ETH) to cover the gas fees.
• Security: Double-check the recipient addresses and the amounts to prevent irreversible errors.

Conclusion

Using Zloadr’s Multi-Send Tokens tool for sending Dai Stablecoin tokens in bulk not only simplifies the process but also ensures accuracy and efficiency. It’s crucial to perform a test transaction with a minimal amount before executing the full batch to confirm everything functions as expected, ensuring a smooth and successful bulk token distribution.