Who takes part
- Issuer administrator
- Finance officer of the platform
- Token holder
Steps
- The issuer creates the monthly payout with the amount, the period and the income report, and sends it for review.
- The finance officer checks the amount against the income report and approves the payout.
- On approval the platform takes a snapshot of holders at the current block, splits the amount by their tokens and creates a payout round on the blockchain.
- The recipients table lists each wallet with its tokens and its share.
- The round is funded. On a production platform the issuer funds it from the payout wallet, in the demo the finance officer uses demo USDC.
- The holder opens the portfolio and receives the share in one transaction.
Result
- Each listed wallet receives exactly its share, and only once.