Split

Distribute funds among multiple recipients in a transparent and auditable manner.

The Split contract empowers you to designate a selection of wallet addresses that collaboratively engage in the distribution of revenue or royalty shares.

Within this framework, you retain the authority to specify the precise percentage of incoming funds channeled to the Split contract address, and subsequently allocate these portions to individual recipients. For instance, you can mark wallet addresses as recipients and configure them to collectively receive a designated portion, such as 50%, of the funds directed to the Split contract.

Integral to the system is the role of the Split contract in securely housing the funds. Upon activation of the distribute function, these funds are systematically disseminated among the recipients based on the specified percentages.

Real-world applications and use cases

• Team Collaboration: Establish a "team wallet" where funds are distributed among team members based on predetermined percentages, fostering a sense of unity and shared prosperity.

• NFT Drop Profits: Share the revenue generated from your primary NFT drop among contributors or team members who have invested time and effort.

• Artist Royalties: Allocate royalties from NFT sales to artists and collaborators who contributed to the creation of the content.

• Programmatic Revenue Allocation: Implement a programmatic distribution of revenue, ensuring that diverse stakeholders receive their fair share based on pre-defined criteria.

• Community Incentives: Reward active community members by distributing a portion of revenue generated within the community ecosystem.

• Collaborative Projects: Foster collaborations by setting up revenue-sharing agreements where contributors are directly rewarded.

Deploying this contract

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• Name: The name for this Split contract according to your idea.

• Description: Define everything you need here to ensure the best description for this specific Split contract.

• Image: Upload your image for this contract. Your image will be stored at IPFS ensuring persistence over time.

• Payee: It represents the ERC20 address of one of the recipients of the payment.

  • Percentage: Number in decimals that represents the share of this specific payee.

Total shares need to add up to 100%. For example, if there will only be two addresses that will participate in the contract, the sum of the percentages of both must be 100% (50-50, 60-40, 25-75 or any other percentage).