CANApp #6 – CANSend

CANSend is a terrific tool for the gig economy that allows you to send ERC20 Tokens to Multiple Addresses at a time.  This is incredibly useful for startups that are integrating cryptocurrencies as a payment layer, ICO’s that are looking to do airdrops or pay multiple employees using their native ERC20 token.

It has always been CanYa’s ambition to expedite the adoption of crypto and this tool is another example of our commitment to removing commercial barriers for crypto as a multipurpose tool for businesses.

Why is it useful?

CANSend offers great utility as a stepping stone tool for the integration of crypto as a payment option for employers, as well as for software developers that are paying for multiple bug bounties on platforms such as Bountysource.

As mentioned above, it will be a tool that becomes ingrained in the ICO community as developing projects can pay their employees in their native token to align their employees with equity as they are developing the core product.  This, of course, is also handy for circulation and volume as a project is finding its feet pre-product/use-case scenario.

Airdrops

The overwhelming majority of ICOs are based on the ERC20 standard of Ethereum.  This means that if they have airdrop incentives built into their tokenomics they will need a mechanism to batch send tokens to potentially thousands of addresses.  Without a tool such as CANSend this task would not only be laborious but also inaccurate as a project would need to rely on Excel spreadsheets and Google Docs.

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1. Send tokens to your recipients by adding their addresses and the amount you would like to send

It is also an incredibly cost-efficient tool to use commercially or casually.  Currently, it costs just 1 CAN to send to 10 addresses.

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2. Pay the transaction fee, 1 CAN per 10 addresses.

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3. Confirm your transaction, and send your tokens!

Takeaway

We are incredibly excited to add CANSend to our ever-growing suite of CANApps.  As a start-up project that makes use of the Ethereum blockchain, we are only too aware of the challenges of using cutting-edge technology that in many instances does not have an existing supporting technology to facilitate its commercial use.  In many cases, we at CanYa have built supporting mechanism’s, and in the spirit of open-source software development, we are only too happy to share these tools to support other ERC20 projects.

This particular tool will play an integral role in supporting the overwhelming amount of new ICO projects to action airdrops and pay employees.  With that, we are again not only supporting but actively helping to expedite the adoption of crypto!

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CanYa

CanYa is a decentralised marketplace that helps everyday people outsource local and digital services. Through CanYaCoin we are helping mainstream adoption of cryptocurrency by bridging the gap between the cryptocommunity and skilled service providers.

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