Problem with sending ERC20 token using [email protected]

Question

Circumstance

I have followed all indications from this GH issue and from other SO posts. The transaction gets successfully broadcasted but no tokens are transferred.

When I check the balance before and after running the code, I get the same result: 10000, which is the original supply.

const Tx = require('ethereumjs-tx');

const config = require('../config');
const contract = require('../contract')('PaulCoin', config.contracts[0]);
const web3 = require('../web3');

const main = async () => {
    try {
        const count = await web3.eth.getTransactionCount(config.accounts[0]);
        const nonce = web3.utils.toHex(count);
        const txValue = web3.utils.toHex(parseInt(process.argv[2], 10) || 10);

        const from = web3.utils.toChecksumAddress(config.accounts[0]);

        const to = web3.utils.toChecksumAddress(config.accounts[1]);
        const rawTx = {
            nonce: nonce,
            from: from,
            to: to,
            value: '0x0',
            gasLimit: '0x30D40', // 54,000
            gasPrice: '0x2CB417800', // 12 gwei
            data: contract.methods.transfer(to, txValue).encodeABI(),
            chainId: '0x03'
        };

        const privateKey = Buffer.from(config.private, 'hex');
        const tx = new Tx(rawTx);
        tx.sign(privateKey);
        const serializedTx = tx.serialize();

        const receipt = await web3.eth.sendSignedTransaction('0x' + serializedTx.toString('hex'));
        console.log(`Receipt info:  ${JSON.stringify(receipt, null, '\t')}`);

        console.log(`From\'s balance after transfer: ${await contract.methods.balanceOf(from).call()}`);
        console.log(`To\'s balance after transfer: ${await contract.methods.balanceOf(to).call()}`);
    } catch (err) {
        console.log(err);
    }
};

main();

Environment

• node 9.3.0
• web3 1.0.0-beta.35
• infura ropsten
• os osx 13.13.5

Answer 1

The transaction is being sent to the address 0x19149798f777a3d738777334ccbf0063a04fca3b, which is not a contract.

No ERC20 transfer occurs because no transaction was sent to an ERC20 token contract.