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I'm trying to index the names and decimals of tokens in moonbeam, I think I should listen for a contract instantiation event to get that data. Which event and module should I listen for? Or is there any other straight forward way to get the data that i'm looking for?

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You should probably listen to Evm.ContractDeployed events to track all contracts ever deployed. However, you'd then need to filter ERC20-like contracts among those, which is a non-trivial task to do (but one can try looking at the methods implemented by the contract to "duck-guess").

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