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Solidity – Programming ERC-20 Token

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  • Last Updated : 03 Jul, 2021

ERC token standard 20 tokens in a smart contract token that follows the Ethereum Request for Comment proposal 20 guidelines. Our program will have the following mandatory functions: 

  • function totalSupply() public view returns (uint256);
  • function balanceOf(address tokenOwner) public view returns (uint);
  • function allowance(address tokenOwner, address spender)
  • function transfer(address to, uint tokens) public returns (bool);
  • function approve(address spender, uint tokens)  public returns (bool);
  • function transferFrom(address from, address to, uint tokens) public returns (bool);

And two events which emit to the external application: 

  • event Approval(address indexed tokenOwner, address indexed spender, uint tokens);
  • event Transfer(address indexed from, address indexed to, uint tokens);

Important keywords used:

  • Event: An event is Solidity’s way of allowing clients e.g notifying your front end application about the occurrence of a specific event.
  • View: View functions ensure that they will not modify the state
  • public: A public function can be accessed outside the contract itself
  • indexed: Up to three parameters can receive the attribute indexed through which we can search respective arguments.

Step 1: The expression mapping(address => uint256) defines an associative array whose keys are of type address and value of type uint256 used to store the balance. 

  1. balances will hold the token balance of each owner’s account.
  2. allowed will include all the accounts approved to withdraw from a given account together with the withdrawal sum allowed for each.
mapping(address => uint256) balances;
mapping(address => mapping (address => uint256)) allowed;

Step 2: Define the total supply of the token.

Step 3: Declare the events required and add the compulsory functions as per the specified signature.


// Compatible with version
// of compiler upto 0.6.6
pragma solidity ^0.6.6;
// Creating a Contract
contract GFGToken
// Table to map addresses
// to their balance
mapping(address => uint256) balances;
// Mapping owner address to
// those who are allowed to
// use the contract
mapping(address => mapping (
        address => uint256)) allowed;
// totalSupply
uint256 _totalSupply = 500;
// owner address
address public owner;
// Triggered whenever
// approve(address _spender, uint256 _value)
// is called.
 event Approval(address indexed _owner,
                address indexed _spender,
                uint256 _value);
// Event triggered when
// tokens are transferred.
event Transfer(address indexed _from,
               address indexed _to,
               uint256 _value);
// totalSupply function
function totalSupply()
         public view returns (
         uint256 theTotalSupply)
   theTotalSupply = _totalSupply;
   return theTotalSupply;
// balanceOf function
function balanceOf(address _owner)
         public view returns (
         uint256 balance)
   return balances[_owner];
// function approve
function approve(address _spender,
                 uint256 _amount)
                 public returns (bool success)
    // If the address is allowed
    // to spend from this contract
   allowed[msg.sender][_spender] = _amount;
   // Fire the event "Approval"
   // to execute any logic that
   // was listening to it
   emit Approval(msg.sender,
                 _spender, _amount);
   return true;
// transfer function
function transfer(address _to,
                  uint256 _amount)
                  public returns (bool success)
    // transfers the value if
    // balance of sender is
    // greater than the amount
    if (balances[msg.sender] >= _amount)
         balances[msg.sender] -= _amount;
         balances[_to] += _amount;
         // Fire a transfer event for
         // any logic that is listening
        emit Transfer(msg.sender,
                      _to, _amount);
            return true;
        return false;
/* The transferFrom method is used for
   a withdraw workflow, allowing
   contracts to send tokens on
   your behalf, for example to
   "deposit" to a contract address
   and/or to charge fees in sub-currencies;*/
function transferFrom(address _from,
                      address _to,
                      uint256 _amount)
                      public returns (bool success)
   if (balances[_from] >= _amount &&
       allowed[_from][msg.sender] >=
       _amount && _amount > 0 &&
       balances[_to] + _amount > balances[_to])
        balances[_from] -= _amount;
        balances[_to] += _amount;
        // Fire a Transfer event for
        // any logic that is listening
        emit Transfer(_from, _to, _amount);
     return true;
     return false;
// Check if address is allowed
// to spend on the owner's behalf
function allowance(address _owner,
                   address _spender)
                   public view returns (uint256 remaining)
   return allowed[_owner][_spender];


PRC Programming

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