📄️ Third-Party Transfers
Third-party transfers allow token operations to be performed by entities other than the token owner, under the owner's authorization. This capability is essential for creating dynamic and complex token ecosystems, supporting scenarios like automated payments, delegated voting, or multi-signature wallets.
📄️ Set Operator for Tokens
Setting an operator for tokens using the ERC20 API is a critical action that allows one user to approve another user (the operator) to spend tokens on their behalf. This can be useful in various scenarios, such as delegating token management to a third party or granting specific spending permissions. To achieve this, you can use the setOperator method provided by the edeXa ERC20 API.
📄️ Spender Allowance Limit
Checking the approved spending limit for a specific spender is an essential operation in the edeXa ERC20 API. This functionality allows you to determine how many tokens a particular spender is authorized to spend on behalf of an account owner. You can use the checkAllowanceLimit method to inquire about the approved allowance limit.
📄️ Transfer Tokens on Behalf of the Token Operator
Transferring tokens from one user to another, on behalf of the original token owner, is a crucial operation made possible by the ERC20 API. This operation is simplified with the transferTokenFrom method. Here's how it works: