ERC20 Approve

If you have replaced your web3 provider with Fortmatic provider, nothing needs to be changed for web3 ERC20 transaction to continue working. The following is an example on how to initiate an ERC20 token Approve.

Note that this ERC20 custom view will be displayed only on the mainnet, otherwise Generic Contract Call view will be displayed.

// Initialize provider
import Fortmatic from 'fortmatic';
import Web3 from 'web3';

const fm = new Fortmatic('YOUR_API_KEY');
window.web3 = new Web3(fm.getProvider());

// Get the contract ABI from compiled smart contract json
const erc20TokenContractAbi = [{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"spender","type":"address"},{"name":"tokens","type":"uint256"}],"name":"approve","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"from","type":"address"},{"name":"to","type":"address"},{"name":"tokens","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint8"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"amount","type":"uint256"}],"name":"withdrawEther","outputs":[],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"_totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"tokenOwner","type":"address"}],"name":"balanceOf","outputs":[{"name":"balance","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[],"name":"acceptOwnership","outputs":[],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"a","type":"uint256"},{"name":"b","type":"uint256"}],"name":"safeSub","outputs":[{"name":"c","type":"uint256"}],"payable":false,"stateMutability":"pure","type":"function"},{"constant":false,"inputs":[{"name":"to","type":"address"},{"name":"tokens","type":"uint256"}],"name":"transfer","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[{"name":"a","type":"uint256"},{"name":"b","type":"uint256"}],"name":"safeDiv","outputs":[{"name":"c","type":"uint256"}],"payable":false,"stateMutability":"pure","type":"function"},{"constant":false,"inputs":[{"name":"spender","type":"address"},{"name":"tokens","type":"uint256"},{"name":"data","type":"bytes"}],"name":"approveAndCall","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[{"name":"a","type":"uint256"},{"name":"b","type":"uint256"}],"name":"safeMul","outputs":[{"name":"c","type":"uint256"}],"payable":false,"stateMutability":"pure","type":"function"},{"constant":true,"inputs":[],"name":"newOwner","outputs":[{"name":"","type":"address"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"tokenAddress","type":"address"},{"name":"tokens","type":"uint256"}],"name":"transferAnyERC20Token","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[{"name":"tokenOwner","type":"address"},{"name":"spender","type":"address"}],"name":"allowance","outputs":[{"name":"remaining","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"a","type":"uint256"},{"name":"b","type":"uint256"}],"name":"safeAdd","outputs":[{"name":"c","type":"uint256"}],"payable":false,"stateMutability":"pure","type":"function"},{"constant":false,"inputs":[{"name":"_newOwner","type":"address"}],"name":"transferOwnership","outputs":[],"payable":false,"stateMutability":"nonpayable","type":"function"},{"inputs":[],"payable":false,"stateMutability":"nonpayable","type":"constructor"},{"payable":true,"stateMutability":"payable","type":"fallback"},{"anonymous":false,"inputs":[{"indexed":true,"name":"_from","type":"address"},{"indexed":true,"name":"_to","type":"address"}],"name":"OwnershipTransferred","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"tokens","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"tokenOwner","type":"address"},{"indexed":true,"name":"spender","type":"address"},{"indexed":false,"name":"tokens","type":"uint256"}],"name":"Approval","type":"event"}];

// Create contract object
const tokenContract = web3.eth.contract(erc20TokenContractAbi);

// Instantiate contract
const tokenContractInstance = tokenContract.at('0x8EBC7785b83506AaA295Bd9174e6A7Ad5681fb80');
const toAddress = '0xE0cef4417a772512E6C95cEf366403839b0D6D6D';

// Calculate contract compatible value for approve with proper decimal points using BigNumber
const tokenDecimals = web3.toBigNumber(18);
const tokenAmountToApprove = web3.toBigNumber(999000000000);
const calculatedApproveValue = web3.toHex(tokenAmountToApprove.mul(web3.toBigNumber(10).pow(tokenDecimals)));

// Get user account wallet address first
web3.eth.getAccounts(function(error, accounts) {
  if (error) throw error;
  // Send ERC20 transaction with web3
  tokenContractInstance.approve.sendTransaction(toAddress, calculatedApproveValue, {from: accounts[0]}, function(error, txnHash) {
    if (error) throw error;
    console.log(txnHash);
  });
});

// Initialize provider
import Fortmatic from 'fortmatic';
import Web3 from 'web3';

const fm = new Fortmatic('YOUR_API_KEY');
window.web3 = new Web3(fm.getProvider());

// Get the contract ABI from compiled smart contract json
const erc20TokenContractAbi = [{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"spender","type":"address"},{"name":"tokens","type":"uint256"}],"name":"approve","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"from","type":"address"},{"name":"to","type":"address"},{"name":"tokens","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint8"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"amount","type":"uint256"}],"name":"withdrawEther","outputs":[],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"_totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"tokenOwner","type":"address"}],"name":"balanceOf","outputs":[{"name":"balance","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[],"name":"acceptOwnership","outputs":[],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"a","type":"uint256"},{"name":"b","type":"uint256"}],"name":"safeSub","outputs":[{"name":"c","type":"uint256"}],"payable":false,"stateMutability":"pure","type":"function"},{"constant":false,"inputs":[{"name":"to","type":"address"},{"name":"tokens","type":"uint256"}],"name":"transfer","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[{"name":"a","type":"uint256"},{"name":"b","type":"uint256"}],"name":"safeDiv","outputs":[{"name":"c","type":"uint256"}],"payable":false,"stateMutability":"pure","type":"function"},{"constant":false,"inputs":[{"name":"spender","type":"address"},{"name":"tokens","type":"uint256"},{"name":"data","type":"bytes"}],"name":"approveAndCall","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[{"name":"a","type":"uint256"},{"name":"b","type":"uint256"}],"name":"safeMul","outputs":[{"name":"c","type":"uint256"}],"payable":false,"stateMutability":"pure","type":"function"},{"constant":true,"inputs":[],"name":"newOwner","outputs":[{"name":"","type":"address"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"tokenAddress","type":"address"},{"name":"tokens","type":"uint256"}],"name":"transferAnyERC20Token","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[{"name":"tokenOwner","type":"address"},{"name":"spender","type":"address"}],"name":"allowance","outputs":[{"name":"remaining","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"a","type":"uint256"},{"name":"b","type":"uint256"}],"name":"safeAdd","outputs":[{"name":"c","type":"uint256"}],"payable":false,"stateMutability":"pure","type":"function"},{"constant":false,"inputs":[{"name":"_newOwner","type":"address"}],"name":"transferOwnership","outputs":[],"payable":false,"stateMutability":"nonpayable","type":"function"},{"inputs":[],"payable":false,"stateMutability":"nonpayable","type":"constructor"},{"payable":true,"stateMutability":"payable","type":"fallback"},{"anonymous":false,"inputs":[{"indexed":true,"name":"_from","type":"address"},{"indexed":true,"name":"_to","type":"address"}],"name":"OwnershipTransferred","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"tokens","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"tokenOwner","type":"address"},{"indexed":true,"name":"spender","type":"address"},{"indexed":false,"name":"tokens","type":"uint256"}],"name":"Approval","type":"event"}];

// Create contract object
const tokenContractAddress = '0x8EBC7785b83506AaA295Bd9174e6A7Ad5681fb80';

// Instantiate contract
const tokenContract = new web3.eth.Contract(erc20TokenContractAbi, tokenContractAddress);
const toAddress = '0xE0cef4417a772512E6C95cEf366403839b0D6D6D';

// Calculate contract compatible value for approve with proper decimal points using BigNumber
const tokenDecimals = web3.utils.toBN(18);
const tokenAmountToApprove = web3.utils.toBN(999000000000);
const calculatedApproveValue = web3.utils.toHex(tokenAmountToApprove.mul(web3.utils.toBN(10).pow(tokenDecimals)));

// Get user account wallet address first
web3.eth.getAccounts().then((accounts) => {
  // Send ERC20 transaction with web3
  tokenContract.methods.approve(
    toAddress, 
    calculatedApproveValue
  ).send({from: accounts[0]})
  .once('transactionHash', (hash) => { console.log(hash); })
  .once('receipt', (receipt) => { console.log(receipt); });
});

PreviousERC20 Transfer NextERC20 TransferFrom

Last updated 5 years ago

Was this helpful?