3 releases
0.0.3 | Jun 29, 2023 |
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0.0.2 | Jun 21, 2023 |
0.0.1 | Jun 21, 2023 |
#86 in #fuel
Used in spark_sdk
6KB
55 lines
Fuel network Fungible token standard: SWAY-GANG-TOKEN
INTRODUCTION
What is a Token?
Tokens can represent virtually anything in Fuel ⚡️:
- reputation points in an online platform
- skills of a character in a game
- lottery tickets
- financial assets like a share in a company
- a fiat currency like USD
- an ounce of gold
- and more...
Such a powerful feature of Fuel must be handled by a robust standard, right? That's exactly where the SWAY-GANG-TOKEN plays its role! This standard allows developers to build token applications that are interoperable with other products and services.
What is ERC-20?
The SWAY-GANG-TOKEN introduces a standard for Fungible Tokens, in other words, they have a property that makes each Token be exactly the same (in type and value) as another Token. For example, a SWAY-GANG-TOKEN Token acts just like the ETH, meaning that 1 Token is and will always be equal to all the other Tokens.
BODY
The SWAY-GANG-TOKEN, proposed by the SWAY GANG TEAM on December 2022, is a Token Standard that implements an API for tokens within Smart Contracts.
Example functionalities SWAY-GANG-TOKEN provides:
- transfer tokens from one account to another
- get the current token balance of an account
- get the total supply of the token available on the network (soon)
- approve whether an amount of token from an account can be spent by a third-party account
If a Smart Contract implements the following methods and events it can be called an SWAY-GANG-TOKEN Contract and, once deployed, it will be responsible to keep track of the created tokens on Fuel.
Dependencies
~47–63MB
~1M SLoC