#AirdropStepByStep

Airdropping tokens is a great way to send tokens to many recipients easily. It’s also a popular method to engage in marketing activities for crypto projects where airdrops are very common. Airdrops can be used to reward early adopters, attract new users to a platform, or create a more decentralized network.

This comprehensive guide will take a closer look at how to airdrop tokens, what tokens airdrops are; including the steps involved, the benefits, and some useful tips to ensure a successful airdrop campaign. The process for both tokens such as ERC20/ERC1400 and NFTs will be covered accordingly.

Check out our guide if you’re looking to learn how to airdrop NFTs

ERC20 is a popular standard for creating tokens on the Ethereum network. To airdrop token you would need a smart contract to create the token, and to multi send it to all your recipients.

Programming either smart contracts can prove to be very challenging and expensive, hence using our Token Tool makes the process much easier.

Airdropping ERC20 tokens is a relatively straightforward process with Bitbond Token Tool.

Here’s how to do it:

Determine the criteria for the airdrop. Decide who will be eligible to receive the tokens and how many tokens they will receive.

Create a token (aka smart contract) for the airdrop.

Notify eligible users that they will be receiving tokens via the airdrop.

You will also need a smart contract to be able to distribute the tokens to multiple recipients at once. The Distribute Token function enables you to do exactly that in a much faster and more cost-effective manner.

Once you’re on the distribute token page:

Select the network on which the token is running

Connect your wallet

Select the token in question

Insert addresses and the respective amount of tokens to be sent. Separate the address and amount with a comma and no space in between: [Wallet Address],[Amount]. Here is an example: “0xL2b8F6E38D593334300F764e74b05d221dFd5D29,100” (you can also upload a file with the list of addresses following the same format