Create token contract

What is an ERC20 token contract?

An ERC-20 smart contract is like a set of rules for creating digital tokens on the Ethereum blockchain. These rules ensure that tokens work smoothly with different apps, wallets, and platforms.

Think of it as a blueprint ensuring the tokens can be easily traded, stored, and used across the network. This standard helps developers create tokens that everyone can use without worrying about compatibility issues.

Use cases

Create new cryptocurrencies for trading and payments.
Facilitate fundraising through Initial Coin Offerings (ICOs).
Issue stablecoins that maintain a fixed value.
Power digital loyalty and reward programs for businesses.
Serve as in-game currencies in blockchain-based games.

Create ERC20 token contract

Let's start by defining your first contract. We will create a contract on the MATIC testnet chain.

Request Endpoint: reference

 POST /api/v3/erc20/contracts/deployments

Request Body:

Parameter	Description	Type	Required
`chain`	This is the blockchain on which you want to create the token contract on	String	✅
`name`	The name of your token contract	String	✅
`symbol`	The symbol for your token contract	String	❌
`maxSupply`	The maximum amount of tokens allowed to be minted	Integer	❌
`burnable`	Indication whether the tokens will be burnable or not. Burning tokens is the act of sending tokens to a wallet that cannot be accessed	Boolean	❌
`owner`	The wallet address who will be the owner of this token contract. The owner will have admin rights on the token contract	String	❌

{
    "chain": "MATIC",
    "name": "Infinity Token",
    "symbol": "IFT",
    "maxSupply": "100",
    "burnable": "true",
    "owner": "0x7312750DF4d2057b758a61C7017729c6Ec9bB3E9"
}

Response Body:

📘

Save the result.id from the response body. This is the deployment ID and it is used to check the status of the contract creation request.

The transactionHash that is returned is the transction that created the contract on-chain.

The status attribute indicates if the transaction has been mined yet.

{
    "success": true,
    "result": {
        "id": "7eae57cb-6769-4a2a-84c8-32e72f0aaee7",
        "chain": "MATIC",
        "name": "Infinity Token",
        "symbol": "IFT",
        "maxSupply": 100,
        "burnable": true,
        "owner": "0x7312750DF4d2057b758a61C7017729c6Ec9bB3E9",
        "transactionHash": "0x7dd053caa4a77f84d70c38478bc14dd25766765d018740b0633eabf3b1307c6d",
        "status": "PENDING"
    }
}