Advanced Token Airdrop

This feature is expected to go live by the end of September 2024

The advanced airdrop function allows to efficiently airdrop tokens or cryptocurrencies to multiple recipients based on their holding of a specific token. Token Tool automatically retrieves the token holders and their balances from the blockchain. This spares you the need to manually insert recipient addresses as done in the Standard Airdrop function.

Start by selecting the network of choice and connecting your wallet. After heading to the "Airdrop Token" page, select the "Advanced" tab.

Next, choose whether you want to distribute an equal amount of tokens to each holder regardless of their current token holdings. Or, if you would like to airdrop an amount that is proportional to the token holder's balances (pro-rata distribution).

Same amount per recipient airdrop

Insert the contract address of the token based on which you wish to Airdrop funds to its holders. Please note that the Advanced Airdrop will only work, if the base token has less than 5,000 holders. If the base token has more holders, the transaction will not work. Get in tuch with us in this case.

Then insert the amount that each holder will receive.

After that, specify the contract address of the token that you want to airdrop to holders. You have to hold a sufficient amount of this token in your wallet so that you can airdrop it.

Once the information is extracted from the network, you will see the list of addresses that will be receiving the token, alongside the amounts. Double check whether everything is correct and proceed to approve and send the transaction.

Pro-rata amount per recipient airdrop

If you selected the option to airdrop funds proportionally (pro-rata) based on the token holder balances, insert the total number of tokens you wish to be airdropped pro-rata across all holders based on their holdings.

Once the information of holders balances is retrieved from the network, you will get the list of recipient addresses, alongside the amount they will receive based on their holdings. Double check whether everything is correct and proceed to approve and send the transaction.

Sending approval and confirmation

Review details and click continue. You will then be redirected to the next page where you will find the list of recipients and the amounts. You can decide to manually remove certain addresses from receiving the distribution of funds.

You can then review all details in the summary section. Once ready, click on "Approve" and sign the transaction in your wallet to give access to the token.

After the transaction is processed and you give access of tokens to the contract, click on "Send" and the tokens will be sent to holders after you confirm transaction in your wallet and pay fees. You will get a message that tokens were successfully sent. You can copy the list of addresses and amounts that were distributed to token holders and store it separately for your own reference.