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Fungible Token (FT)

Example implementation of a Fungible Token contract which uses near-contract-standards and simulation tests. This is a contract-only example.


If you're using Gitpod, you can skip this step.

  1. Make sure Rust is installed per the prerequisites in near-sdk-rs
  2. Ensure near-cli is installed by running near --version. If not installed, install with: npm install -g near-cli


To build run:

cd scripts && ./

Using this contract

Quickest deploy

You can build and deploy this smart contract to a development account. Dev Accounts are auto-generated accounts to assist in developing and testing smart contracts. Please see the Standard deploy section for creating a more personalized account to deploy to.

near dev-deploy --wasmFile res/fungible_token.wasm --helperUrl

Behind the scenes, this is creating an account and deploying a contract to it. On the console, notice a message like:

Done deploying to dev-1234567890123

In this instance, the account is dev-1234567890123. A file has been created containing a key pair to the account, located at neardev/dev-account. To make the next few steps easier, we're going to set an environment variable containing this development account id and use that when copy/pasting commands. Run this command to the environment variable:

source neardev/dev-account.env

You can tell if the environment variable is set correctly if your command line prints the account name after this command:


The next command will initialize the contract using the new method:

near call $CONTRACT_NAME new '{"owner_id": "'$CONTRACT_NAME'", "total_supply": "1000000000000000", "metadata": { "spec": "ft-1.0.0", "name": "Example Token Name", "symbol": "EXLT", "decimals": 8 }}' --accountId $CONTRACT_NAME

To get the fungible token metadata:

near view $CONTRACT_NAME ft_metadata

Standard deploy

This smart contract will get deployed to your NEAR account. For this example, please create a new NEAR account. Because NEAR allows the ability to upgrade contracts on the same account, initialization functions must be cleared. If you'd like to run this example on a NEAR account that has had prior contracts deployed, please use the near-cli command near delete, and then recreate it in Wallet. To create (or recreate) an account, please follow the directions on NEAR Wallet.

Switch to mainnet. You can skip this step to use testnet as a default network.

export NEAR_ENV=mainnet

In the project root, log in to your newly created account with near-cli by following the instructions after this command:

near login

To make this tutorial easier to copy/paste, we're going to set an environment variable for your account id. In the below command, replace MY_ACCOUNT_NAME with the account name you just logged in with, including the .near:


You can tell if the environment variable is set correctly if your command line prints the account name after this command:

echo $ID

Now we can deploy the compiled contract in this example to your account:

near deploy --wasmFile res/fungible_token.wasm --accountId $ID

FT contract should be initialized before usage. You can read more about metadata at ''. Modify the parameters and create a token:

near call $ID new '{"owner_id": "'$ID'", "total_supply": "1000000000000000", "metadata": { "spec": "ft-1.0.0", "name": "Example Token Name", "symbol": "EXLT", "decimals": 8 }}' --accountId $ID

Get metadata:

near view $ID ft_metadata

Transfer Example

Let's set up an account to transfer some tokens to. These account will be a sub-account of the NEAR account you logged in with.

near create-account bob.$ID --masterAccount $ID --initialBalance 1

Add storage deposit for Bob's account:

near call $ID storage_deposit '' --accountId bob.$ID --amount 0.00125

Check balance of Bob's account, it should be 0 for now:

near view $ID ft_balance_of '{"account_id": "'bob.$ID'"}'

Transfer tokens to Bob from the contract that minted these fungible tokens, exactly 1 yoctoNEAR of deposit should be attached:

near call $ID ft_transfer '{"receiver_id": "'bob.$ID'", "amount": "19"}' --accountId $ID --amount 0.000000000000000000000001

Check the balance of Bob again with the command from before and it will now return 19.


As with many Rust libraries and contracts, there are tests in the main fungible token implementation at ft/src/

Additionally, this project has simulation tests in tests/sim. Simulation tests allow testing cross-contract calls, which is crucial to ensuring that the ft_transfer_call function works properly. These simulation tests are the reason this project has the file structure it does. Note that the root project has a Cargo.toml which sets it up as a workspace. ft and test-contract-defi are both small & focused contract projects, the latter only existing for simulation tests. The root project imports near-sdk-sim and tests interaction between these contracts.

You can run unit tests with the following command:

cd ft && cargo test -- --nocapture --color=always

You can run integration tests with the following commands: Rust

cd integration-tests/rs && cargo run --example integration-tests


cd integration-tests/ts && yarn && yarn test


  • The maximum balance value is limited by U128 (2**128 - 1).
  • JSON calls should pass U128 as a base-10 string. E.g. "100".
  • This does not include escrow functionality, as ft_transfer_call provides a superior approach. An escrow system can, of course, be added as a separate contract or additional functionality within this contract.

No AssemblyScript?

near-contract-standards is currently Rust-only. We strongly suggest using this library to create your own Fungible Token contract to ensure it works as expected.

Someday NEAR core or community contributors may provide a similar library for AssemblyScript, at which point this example will be updated to include both a Rust and AssemblyScript version.


When making changes to the files in ft or test-contract-defi, remember to use ./ to compile all contracts and copy the output to the res folder. If you forget this, the simulation tests will not use the latest versions.

Note that if the rust-toolchain file in this repository changes, please make sure to update the .gitpod.Dockerfile to explicitly specify using that as default as well.


Example implementations of money-like tokens, where one token is the same as any other, using the NEP-141 spec (similar to ERC-20)




MIT, Apache-2.0 licenses found

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