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Token Giveaway (ERC20)

What are ERC20 Tokens?​

ERC20 tokens are standardized, fungible tokens on the Ethereum blockchain. Companies can create these tokens and distribute them to campaign participants as rewards.

When to use ERC20 Tokens?​

Use ERC20 tokens when you want to:

  • Reward participants with a divisible, tradable asset.
  • Create a loyalty or points system for your community.
  • Distribute your company's own cryptocurrency or utility token.

How to create an ERC20 Token reward?​

  1. In the campaign creation process, navigate to the 'Rewards' section and select "Token Giveaway (ERC20)" as your reward type. Then, choose between AirToken and AirPool. Creating a ERC20 Token Giveaway

  2. Then, fill in the details about the reward. You need to fill the following details:

    • Select the AirPool you want to use for the reward. You can use an existing one, or create a new one by clicking on the Create New Pool button. Click here to learn how to create a new ERC20 AirPool.
    • Total amount: Enter the total number of tokens you're allocating for this campaign.
    • Winner selection strategy: Select how you want winners to be chosen. Click here to learn more about the types of winner selection strategy. Note: Based on your chosen winner selection strategy, you may be presented with additional options. Configure these as needed.

    ERC20 Token Creation

  3. Click Create Giveaway button to finalize the ERC20 token reward setup.

Winner Selection Strategies​

  1. FCFS: In this, you can set conditions based on the amount of fuel secured or the number of tasks completed (e.g., “Number of Tasks > X”).
  2. Task FCFS: In this, AirLyft allows users to instantly claim rewards from your campaign upon successful completion of designated tasks.
  3. Manual selection at the end of the campaign: If you select this then you will have the option to manually select winners from the participants after the campaign ends.
  4. Ranked Random Raffle at the end of the campaign: In this, AirLyft will automatically select winners in a random way (but selecting those with higher points first). For more details on how Ranked Random Raffle work read this page.