# Token Payroll

The Token Payroll feature on Team Finance allows projects to automate recurring token distributions to teams, advisors, contractors and service providers. Instead of manually sending tokens each period, Payroll enables you to schedule and execute payments in a streamlined, transparent, and on-chain manner.

### Overview

Token Payroll is designed for Web3 teams that need to manage ongoing payments in tokens rather than one-off distributions.

With Payroll, you can:

* Create recurring payment schedules
* Pay multiple recipients in a single transaction
* Automate token distributions over time
* Reduce manual operational overhead
* Maintain transparency through on-chain execution

### Key Benefits

**1. Automation**\
Set up payroll schedules once and execute payments consistently without repetitive manual transfers.

**2. Efficiency**\
Distribute tokens to multiple wallets in a single batch transaction.

**3. Transparency**\
All payroll actions are executed on-chain and verifiable.

**4. Flexibility**\
Supports a wide range of use cases including team compensation, contractor payments, and ecosystem incentives.

### Use Cases

* Paying core team members in tokens
* Distributing grants or contributor rewards
* Compensating advisors or partners
* Sending periodic ecosystem incentives

### Setting Up Payroll

#### Step 1: Connect Wallet

Connect your wallet to Team Finance and select the token you wish to use for payroll.

#### Step 2: Add Recipients

Input wallet addresses of recipients you will distribute tokens to.

#### Step 3: Define Payment Structure

Specify:

* Contract start and end date
* Total allocation per recipient
* Payment frequency (e.g. daily, weekly or monthly intervals)

#### Step 4: Review and Confirm

Verify all recipients and amounts before creating the payroll schedule.

#### Step 5: Fund Payroll

Deposit sufficient tokens to cover upcoming distributions.

### Supported Tokens

Token Payroll supports ERC-20 tokens and compatible standards on supported networks. Ensure that the token used is properly approved and funded before execution.

### Summary

Token Payroll on Team Finance provides a simple and reliable way to manage recurring token-based payments. By automating distributions and batching transactions, it reduces operational friction while maintaining full on-chain transparency and control.

Find out more about [Team Finance payroll](https://www.team.finance/payroll) on our website


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