Token Tool by Bitbond
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Token Multisender - Send ETH or ERC20 Tokens to Multiple Addresses

Token multisender dApp for all of your tokens
Send your tokens to multiple recipients efficiently
Send stable coins or cryptocurrency for dividend or coupon payments
Input list of addresses and amounts manually
Distribute automatically via CSV upload
Distribute token product documentation
To distribute a token, Connect Wallet first.

Token multisender on Ethereum FAQ

Yes, using a token multisender smart contract or dApp, you can send ETH to multiple recipients in a single transaction. This significantly reduces gas fees compared to sending individual transactions and allows for seamless distribution of tokens or crypto to a list of recipients.

Token multisender refers to the capability of sending a specific cryptocurrency (such as an ERC20 token) to multiple recipients in one go. This is done through a multisender smart contract or decentralized application (dApp), streamlining the process by batching multiple transfers into a single transaction.

A token multisender dApp is a decentralized application that allows users to distribute ETH or ERC20 tokens to many recipients at once. By batching transactions, it optimizes gas fees and ensures efficient distribution. Token Tool, a product by Bitbond, is one such dApp that simplifies the process of sending tokens to multiple addresses while saving costs and time.

To send ERC20 tokens to multiple addresses, you can use a token multisender dApp or smart contract. Such dApps allow you to input a list of recipient addresses and corresponding token amounts. Then you can initiate a single transaction to distribute the tokens to all the specified addresses.

Token Tool provides an intuitive interface to carry out the process in an easy manner. Simply connect your wallet, go to the “Distribute Token” function and select the token you would like to multisend. Copy and paste a list of addresses with the respective token amount that you want to send to each address. Alternatively, you can upload a .csv, .xls or .txt file with the list.

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:

0x53c23c9d7fa6468f3c99c45791998e259baa32cd,64

0xc26f229db52da0ebf814dfd58a8949cdf6b6baee,35

To multisend ETH or ERC20 tokens, you will use a multisender smart contract like Token Tool. Token Tool enables the distribution of tokens in a single transaction, effectively reducing the cost and effort of sending tokens individually.

The number of addresses you can send tokens to depends on the specific token multisender dApp and the blockchain’s gas limit. For example, Token Tool allows up to 200 addresses per batch. If your list exceeds this limit, you'll need to approve multiple batches to complete the full distribution.

A token multisender is particularly useful for scenarios like:

Airdrops to promote a project by distributing free tokens.
Initial token distributions after an ICO or token sale.
Distributing dividends or rewards to token holders.
Conducting mass payments to stakeholders or employees.

A token airdrop is the distribution of free tokens to a large number of users, often used as a marketing strategy to increase awareness or reward early adopters of a project.

To airdrop tokens using a the standard airdrop feature of Token Tool’s token multisender:

1.Connect your wallet to a multisender dApp like Token Tool.
2.Select the token.
3.Input or upload a list of addresses with the amounts for each recipient.
4.Confirm the transaction, and the token will be automatically distributed to all addresses.

For more details, check the Token Tool documentation for step-by-step guidance on conducting an airdrop. You can learn more details in our guide on how to airdrop tokens.

The cost of multisending tokens depends on:

1.The gas fees on the Ethereum network.
2.The service fee charged by the dApp.

For instance, Token Tool charges USD 1 per address plus gas fees. This makes it a cost-effective solution compared to creating individual transactions for each recipient. For detailed pricing, you can refer to the Token Tool pricing page.

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