Create An ERC-20 Token On The Ethereum Blockchain

Published: at 08:40 PM

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Tokens

By learning how to create a token on the Ethereum blockchain, you will discover how blockchain technology works.

🌀 Code Your Token

// SPDX-License-Identifier: GPL-3.0
pragma solidity >=0.7.0 <0.9.0;

contract EsyleERC20 {

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

    string public constant name = "Esyle"; # change to your token
    string public constant symbol = "ESYLE"; # change to your token
    uint8 public constant decimals = 18;

    mapping(address => uint256) balances;

    mapping(address => mapping (address => uint256)) allowed;

    uint256 totalSupply_;

    constructor(uint256 total) {
      totalSupply_ = total;
      balances[msg.sender] = totalSupply_;
    }

    function totalSupply() public view returns (uint256) {
      return totalSupply_;
    }

    function balanceOf(address tokenOwner) public view returns (uint) {
        return balances[tokenOwner];
    }

    function transfer(address receiver, uint numTokens) public returns (bool) {
        require(numTokens <= balances[msg.sender]);
        balances[msg.sender] -= numTokens;
        balances[receiver] += numTokens;
        emit Transfer(msg.sender, receiver, numTokens);
        return true;
    }

    function approve(address delegate, uint numTokens) public returns (bool) {
        allowed[msg.sender][delegate] = numTokens;
        emit Approval(msg.sender, delegate, numTokens);
        return true;
    }

    function allowance(address owner, address delegate) public view returns (uint) {
        return allowed[owner][delegate];
    }

    function transferFrom(address owner, address buyer, uint numTokens) public returns (bool) {
        require(numTokens <= balances[owner]);
        require(numTokens <= allowed[owner][msg.sender]);

        balances[owner] -= numTokens;
        allowed[owner][msg.sender] -= numTokens;
        balances[buyer] += numTokens;
        emit Transfer(owner, buyer, numTokens);
        return true;
    }
}

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🧠 Understanding The Code

You just wrote your own crypto token using the ERC-20 standard. Here is a break down of each piece of the code:

// SPDX-License-Identifier: GPL-3.0
pragma solidity >=0.7.0 <0.9.0;

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

string public constant name = "Esyle";
string public constant symbol = "ESYLE";
uint8 public constant decimals = 18;

mapping(address => uint256) balances;
mapping(address => mapping (address => uint256)) allowed;

uint256 totalSupply_;

constructor(uint256 total) {`
totalSupply_ = total;
balances[msg.sender] = totalSupply_;`
}

function balanceOf(address tokenOwner) public view returns (uint) {
return balances[tokenOwner];
}

function transfer(address receiver, uint numTokens) public returns (bool) {
require(numTokens <= balances[msg.sender]);
balances[msg.sender] -= numTokens;
balances[receiver] += numTokens;
emit Transfer(msg.sender, receiver, numTokens);
return true;
}

function approve(address delegate, uint numTokens) public returns (bool) {
allowed[msg.sender][delegate] = numTokens;
emit Approval(msg.sender, delegate, numTokens);
return true;
}

function allowance(address owner, address delegate) public view returns (uint) {
return allowed[owner][delegate];
}

function transferFrom(address owner, address buyer, uint numTokens) public returns (bool) {
require(numTokens <= balances[owner]);
require(numTokens <= allowed[owner][msg.sender]);
balances[owner] -= numTokens;
allowed[owner][msg.sender] -= numTokens;
balances[buyer] += numTokens;
emit Transfer(owner, buyer, numTokens);
return true;
}

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🥏 Deploy Your Created Token

You have successfully created and deployed an ERC-20 token on an Ethereum test network.

🔑 Keep your crypto secure with a Ledger wallet.

🥇 Add Your Token to Uniswap and Your MetaMask Wallet

🔶 Summary

You created your own token on the Ropsten Testnet Network. You also imported your token into Uniswap and your MetaMask wallet. Take this knowledge and create more tokens for fun.

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Elyse Y. Robinson Elyse Y. Robinson, an enterprising entrepreneur, is the mastermind behind Taxes and Services, a multifaceted holding company that doubles as her accounting firm. Her ventures encompass an array of innovative projects. One of her key initiatives is Switch Into Tech, a dynamic weekly newsletter that doubles as a platform for advertising monthly career seminars, offering weekly tech-related freebies, and promoting her latest podcast episodes of Nobody Wants To Work Tho. Additionally, Elyse shares her insights through her blog at Data.gal, where she delves into various data-related topics. Elyse’s passions extend beyond her businesses; she is deeply enamored with Mexico, has an insatiable appetite for research, and is dedicated to assisting others in transitioning into technology careers.

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