This can already be done through WagMedia (https://x.com/thatMediaWag) - You should reach out to them as it would save you lots of work and our ecosystem from fragmentation while providing your project with a network effect. They can onboard any EVM or Substrate typed asset and payouts are done when triggered by the administrator but it's mostly hands-off for management.

I like the style of your first tweets on this idea. Have you thought about requesting from the DED treasury? If so, what brought you to the DOT treasury for this? Tay makes a good point about WagMedia too - if you need it.