ERC20 Approve Explained


#1

When using a decentralized exchange such as Saturn Network to sell ERC20 tokens, you will be required to complete two transactions to get your new order on the books. The initial step is to submit what is known as an Approve transaction, and once that has confirmed you will be able to set the price and the amount of tokens you wish to sell.


This is a companion discussion topic for the original entry at https://blog.saturn.network/erc20-approve-explained/