[Ethereum] How to send ERC20 token using Web3 API

erc-20nodejsweb3js

I created some custom token in Ropsten testnet using this guide:
https://steemit.com/ethereum/@maxnachamkin/how-to-create-your-own-ethereum-token-in-an-hour-erc20-verified

I can send it to other accounts using MetaMask, but can't figure out how to do it in node.js using web3, ethereumjs-tx and Web3 JavaScript app API.

My code at the moment looks like this:

var count = web3.eth.getTransactionCount("0x26...");
var abiArray = JSON.parse(fs.readFileSync('mycoin.json', 'utf-8'));
var contractAddress = "0x8...";
var contract = web3.eth.contract(abiArray).at(contractAddress);
var rawTransaction = {
    "from": "0x26...",
    "nonce": web3.toHex(count),
    "gasPrice": "0x04e3b29200",
    "gasLimit": "0x7458",
    "to": contractAddress,
    "value": "0x0",
    "data": contract.transfer("0xCb...", 10, {from: "0x26..."}),
    "chainId": 0x03
};

var privKey = new Buffer('fc3...', 'hex');
var tx = new Tx(rawTransaction);

tx.sign(privKey);
var serializedTx = tx.serialize();

web3.eth.sendRawTransaction('0x' + serializedTx.toString('hex'), function(err, hash) {
    if (!err)
        console.log(hash);
    else
        console.log(err);
});

In this case code just stops at contract.transfer("0xCb...", 10, {from: "0x26..."}) part and request is just pending. Couldn't find any guide for doing similar things. Found some code here:

Web3 sending custom tokens by using the transfer function. Need to set the from account

And here:

How to transfer ERC20 tokens using web3js

But still got stucked, don't know what I'm missing.

Best Answer

I'm using web3.js version: 0.20.1 in node.js express application. I'm running Parity in Virtualbox Ubuntu machine.

The correct code looks like following:

var count = web3.eth.getTransactionCount("0x26...");
var abiArray = JSON.parse(fs.readFileSync('mycoin.json', 'utf-8'));
var contractAddress = "0x8...";
var contract = web3.eth.contract(abiArray).at(contractAddress);
var rawTransaction = {
    "from": "0x26...",
    "nonce": web3.toHex(count),
    "gasPrice": "0x04e3b29200",
    "gasLimit": "0x7458",
    "to": contractAddress,
    "value": "0x0",
    "data": contract.transfer.getData("0xCb...", 10, {from: "0x26..."}),
    "chainId": 0x03
};

var privKey = new Buffer('fc3...', 'hex');
var tx = new Tx(rawTransaction);

tx.sign(privKey);
var serializedTx = tx.serialize();

web3.eth.sendRawTransaction('0x' + serializedTx.toString('hex'), function(err, hash) {
    if (!err)
        console.log(hash);
    else
        console.log(err);
});
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