Skip to main content

Make sure everyone gets paid - Split contracts

Bob Black avatar
Written by Bob Black
Updated over a year ago

This is more of an advanced topic, but it might be a feature to look for in your marketplace of choice.

Problem:

  • You have multiple band members, and you want to ensure everyone gets paid.

Solution:

  • Create a split contract with a single payment recipient address, which saves a percentage of received funds for multiple payees.

NOTE: Also you can do this to save for your taxes... somewhat For example you could have a "hold for taxes" split where 20% of income is earmarked for a wallet. This works best with "stable" coins, so the price you hold has the same value come tax day.

Tool:

Did this answer your question?