Planning to mint ERC20 tokens monthly and distribute automatically to our community based on contributions made on our platform. Using L2 on Optimism to reduce gas fees from the monthly distribution. Here’s the process and i’d love feedback on whether its a good setup, or suggestions on improvements : ethereum

I’ve been working on tokenising contributions to my community where professionals around the world build projects for good causes together, focusing on empowering local people to create global change.

Gas fees have been holding me back as i’ve always self funded the community and we run it on a very short shoe string, and i worry i wouldn’t be able to afford to distribute the tokens to our members each month so i’ve been looking into setting it up on a L2.

I’d be very grateful for advice/feedback before embarking on building it as if i’m heading in the wrong direction it will save a lot of time to find out now.

As the token is only planned to have a nominal value for now security is less important than getting set up and operating quickly.

Here’s the plan i’ve come up with so far:

1. ERC20 token created via OpenZepplin wizard

2. Deployed on Optimism following this Ankr.com guide

3. User wallets and monthly score imported into Google sheets by giving Google Script an API Key

4. Monthly score converted into a percentage of total using spreadsheet functions

5. Wallet addresses pulled from Google sheet and distributed via Disperse.app

Thanks for reading