Multisend ETH or ERC20 Tokens to Multiple Recipients
Multisend ERC20 tokens on Polygon zkEVM FAQ
Can you send ETH to multiple addresses in one transaction on Polygon zkEVM?
What does multisend ERC20 tokens mean on Polygon zkEVM?
What is a token multisender dApp?
How can I send ERC20 tokens to multiple addresses on Poylgon zkEVM?
To send ERC20 tokens to multiple addresses, you can employ a token multisender dApp or a smart contract. These applications allow you to input a list of recipient addresses along with corresponding token amounts. A single transaction can then be initiated to distribute the tokens to all specified addresses. Token Tool streamlines this process with an intuitive interface. Just connect your wallet, access the "Distribute Token" function, select the token you wish to multisend, and copy-paste or upload a list of addresses and token amounts.
The list should include each recipient address and the respective token amount separated by a comma (note that there must NOT be a space after the comma: [Wallet Address],[Amount]).
Each address has to be on a newline like in this example:
How can I multisend ETH or ERC20 tokens to multiple addresses in one transaction?
Is there a limit to the number of addresses I can multisend tokens to?
Why would I need to multisend tokens?
What is a token airdrop?
How to airdrop tokens with a token multisender dapp?
How much does it cost to multisend tokens to many addresses?
The cost of multisending tokens to many addresses depends on the gas fees of the blockchain network used. It also depends on the complexity of the smart contract utilized. Programming your own smart contract can be expensive and complex. Hence leveraging multisender dApps like Token Tool can make the process more reliable and less costly.
Sending tokens to multiple addresses in a single transaction is generally more cost-effective than sending individual transactions. It does still incur gas fees for each operation performed on the blockchain.
With Token Tool, distributing ERC20 tokens on Polygon zkEVM costs USD 1 per address + gas fees. The fees are paid in ETH which is the native cryptocurrency of Polygon zkEVM.