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Merge pull request #995 from njgheorghita/erc20-documentation
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Add ERC20 example
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carver authored Aug 16, 2018
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'logs': [AttributeDict({'type': 'mined', 'logIndex': 0, 'transactionIndex': 0, 'transactionHash': HexBytes('0x3ac3518cc59d1698aa03a0bab7fb8191a4ef017aeda7429b11e8c6462b20a62a'), 'blockHash': HexBytes('0x94e07b0b88667da284e914fa44b87d4e7fec39761be51245ef94632a3b5ab9f0'), 'blockNumber': 2, 'address': '0xF2E246BB76DF876Cef8b38ae84130F4F55De395b', 'data': '0x', 'topics': [HexBytes('0x6c2b4666ba8da5a95717621d879a77de725f3d816709b9cbe9f059b8f875e284'), HexBytes('0x00000000000000000000000000000000000000000000000000000000000000ff')]})],
'transactionHash': HexBytes('0x3ac3518cc59d1698aa03a0bab7fb8191a4ef017aeda7429b11e8c6462b20a62a'),
'transactionIndex': 0}
Interacting with an ERC20 Contract
----------------------------------

The ERC20 (formally `EIP20 <https://github.com/ethereum/EIPs/blob/master/EIPS/eip-20.md>`_) token standard is the most widely used standard in Ethereum. Here's how to check the current state of an ERC20 token contract.

First, create your Python object representing the ERC20 contract.
For this example, we'll be inspecting the `Unicorns <https://etherscan.io/token/0x89205a3a3b2a69de6dbf7f01ed13b2108b2c43e7>`_ token contract.

.. testsetup::

import os
# Please play nice and don't use this key for any shenanigans, thanks!!
os.environ['INFURA_API_KEY'] = "b2679bb624354d1b9a2586154651b51f"

.. doctest::

>>> import json
>>> from web3.auto.infura import w3

>>> ERC20_ABI = json.loads('[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"_spender","type":"address"},{"name":"_value","type":"uint256"}],"name":"approve","outputs":[{"name":"","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":"_value","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint8"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"}],"name":"balanceOf","outputs":[{"name":"","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[{"name":"","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"},{"name":"_spender","type":"address"}],"name":"allowance","outputs":[{"name":"","type":"uint256"}],"payable":false,"stateMutability":"view","type":"function"},{"anonymous":false,"inputs":[{"indexed":true,"name":"_from","type":"address"},{"indexed":true,"name":"_to","type":"address"},{"indexed":false,"name":"_value","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"_owner","type":"address"},{"indexed":true,"name":"_spender","type":"address"},{"indexed":false,"name":"_value","type":"uint256"}],"name":"Approval","type":"event"}]') # noqa: 501

# Address field should be the checksum address at which the ERC20 contract was deployed
>>> erc20 = w3.eth.contract(address='0x89205A3A3b2A69De6Dbf7f01ED13B2108B2c43e7', abi=ERC20_ABI)

Fetch various data about the current state of the ERC20 contract.

.. doctest::

>>> erc20.functions.name().call()
'Unicorns'
>>> erc20.functions.symbol().call()
'🦄'
>>> erc20.functions.decimals().call()
0
>>> erc20.functions.totalSupply().call()
2038

Get the balance of an account address.

.. doctest::

>>> erc20.functions.balanceOf('0xD1220A0cf47c7B9Be7A2E6BA89F429762e7b9aDb').call()
1

Calculate the token count from the token balance of an account address.

.. doctest::

>>> from decimal import Decimal

# Most applications expect *exact* results, so using the Decimal library,
# with default precision of 28, is usually sufficient to avoid any rounding error.
>>> decimals = erc20.functions.decimals().call()
>>> balance = erc20.functions.balanceOf('0xD1220A0cf47c7B9Be7A2E6BA89F429762e7b9aDb').call()
>>> balance / Decimal(10 ** decimals)
Decimal('1')

Balance is *always* an integer in the currency's smallest natural unit (equivalent to 'wei' for ether). Token balance is typically used only for backend calculations.

Token count *may* be a integer or fraction in the currency's primary unit (equivalent to 'eth' for ether). Token count is typically displayed to the user on the front-end since it is more readable.

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