Create a Community Splits Contract using SHARE UI

This guide provides step by step instructions for creating a community splits smart contract that can receive and split earnings on blockchain.

Above is a link to JOIN splits that creators can distribute to stakeholders.

  1. Go to the SHARE dashboard at https://share.formless.xyz and press the Create button on the top right.

SHARE -> Create.

  1. Select Make Payments to Your Community. Here, we're going to create a smart contract that can receive payouts and fractionalize them among a large group of payees.

SHARE -> Create -> Make Payments to Your Community.

  1. Enter the following details:

Field
Value

Title

MY SPLITS CONTRACT

Description

Join this smart contract to share revenue with me on my new release. There are 10 splits available.

Creator Name

YZ

You can leave everything else as the default value.

Enter community splits contract details like title, creator name and split count.

  1. Enter the value 0.10 in the Distributions field. This specifies the payout increment for payees. In this case, payees will be notified for every $0.10 earned.

Distribution units determine how frequently payments are delivered, e.g. every 10 cents.

  1. Press Create. After a minute or so, your smart contract will be created and ready for use. You can tap the View Standalone Splits Link button to see the shareable link that artists can distribute to fans in order to receive splits.

Press create to begin the smart contract creation process.

  1. Go to Assets. You'll see the latest contract at the top of the list. Copy the ID value and save it in a notepad. This ID is the value your customers will use as a payee for royalty splits at royalty split creation time.

SHARE -> Assets -> My Splits Contract -> ID.

  1. Done! You now have a smart contract that can act as a payee for royalty payouts within your distribution stack.

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