Description
With the ERC20 Dividend Payments WordPress plugin site administrator is able to create dividend payment tasks to pay token dividends. Token holders that hold their tokens on accounts created with the Ethereum Wallet plugin processed only.
The Cryptocurrency Product for WooCommerce plugin is also required. User needs to purchase some tokens with a help of this plugin to be eligible for the dividends payment procedure. The hot wallet configured for the Cryptocurrency Product for WooCommerce plugin is used to send dividends from.
The Token Address and Interest, % fields needs to be configured in the payment task.
The optional Date from setting can be also configured to take into account orders made after a some date only.
Disclamer
By using this plugin you accept all responsibility for handling the account balances for all your users.
Under no circumstances is ethereumico.io or any of its affiliates responsible for any damages incurred by the use of this plugin.
Every effort has been made to harden the security of this plugin, but its safe operation depends on your site being secure overall. You, the site administrator, must take all necessary precautions to secure your WordPress installation before you connect it to any live wallets.
You are strongly advised to take the following actions (at a minimum):
- Educate yourself about cold and hot cryptocurrency storage
- Obtain hardware wallet to store your coins, like Ledger Nano S, TREZOR or KeepKey
- Educate yourself about hardening WordPress security
- Install a security plugin such as Jetpack or any other security plugin
- Enable SSL on your site if you have not already done so.
By continuing to use any of the ethereumico.io plugins, you indicate that you have understood and agreed to this disclaimer.
Usage – ERC20 Dividend
- Press the
Dividend Payments/Add Newlink in the left panel of the admin dashboard page. - Add title and description (optionally).
- Configure
Token Address,Interest, %andDate fromsettings if needed - Press the
Save Draftbutton. Do not press thePublishbutton before theSave Draft. It will not break anything, but it will not start the task and exits with an error, since theToken Addressvalue is not yet accessible at this time. - Check that
Token Balanceis enough to pay dividends. It is also recommended to check that there is at least 0.1 ETH or more on the hot wallet balance to pay fees. - Double check that
Token Address,Interest, %andDate fromfield values are correct. - Press the
Publishbutton
Then you can refresh this page from time to time to see new notes added during the task processing.
In a case of any disaster change the
Statusfield to aDraft, pressOK, thenUpdate. It will stop this payment task execution.
It is not recommended to re-start canceled tasks, just create a new one in this case.
Testing – ERC20 Dividend
You can test this plugin in some test network for free.
Configure your Cryptocurrency Product for WooCommerce and Ethereum Wallet plugins for ropsten or rinkeby test networks for that.
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