Research on reward distrbution

[Raj6939]

• Admin can create distribution to winners he has selected.
• Distribution through Smart contracts in two ways

1. He can create tokens ie(erc20,erc721,eth) by deploying smart contract from Fyre
2. If he has smart contract already then he can enter contract address in the UI and on his behalf we call approve function to his contract
   -> For the 2 one is if contract is ERC721 token then in ERC721 standard we have setApprovalForAll so that we can easily pass list of userAddress with the amount of tokenId (Ex 0x68E6ecaAe37F9a780B9A337ec9D88768c0425A4d,2) like this.
   -> But For ERC20 there is No Standard function like setApprovalForAll. there is only approve function which accepts only one address and one value (Ex 0x68E6ecaAe37F9a780B9A337ec9D88768c0425A4d, no of tokens), so for that, we have to make another custom smart contract which can take multiple addresses. Now this custom smart contract gets approval from the admin's contract and we can complete a transaction in a single go!

• Flow diagram
  

• If we integrate this on our own then UI would look like this

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We can USE Multisender app