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update-a-fee-schedule.md

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Update token custom fees

Update the custom fees for a given token. If the token does not have a fee schedule, the network response returned will be CUSTOM_SCHEDULE_ALREADY_HAS_NO_FEES. You will need to sign the transaction with the fee schedule key to update the fee schedule for the token. If you do not have a fee schedule key set for the token, you will not be able to update the fee schedule.

Transaction Signing Requirements

  • Fee schedule key
  • Transaction fee payer account key

Transaction Fees

  • Please see the transaction and query fees table for base transaction fee
  • Please use the Hedera fee estimator to estimate your transaction fee cost
Property Description
Fee Schedule The new fee schedule for the token
Constructor Description
new TokenFeeScheduleUpdateTransaction() Initializes a TokenFeeScheduleUpdateTransaction object 
new TokenFeeScheduleUpdateTransaction()

Methods

{% tabs %} {% tab title="V1" %}

Method Type Requirement
setTokenId(<tokenId>) TokenId Required
setCustomFees(<customFees>) List<CustomFee> Optional

{% code title="Java" %}

//Create the transaction 
TokenFeeScheduleUpdateTransaction transaction = new TokenFeeScheduleUpdateTransaction()
     .setTokenId(tokenId)
     .addCustomFee(customFee);

//Freeze the unsigned transaction, sign with the fee schedule key of the token, submit the transaction to a Hedera network
TransactionId txId = transaction.build(client).sign(feeScheduleKey).execute(client);

//Request the receipt of the transaction
TransactionReceipt receipt = txId.getReceipt(client);

//Get the transaction consensus status
Status transactionStatus = receipt.status;

System.out.println("The transaction consensus status is " +transactionStatus);
//Version: 1.5.0

{% endcode %}

{% code title="JavaScript" %}

//Update the name of the token
const transaction = new TokenUpdateTransaction()
     .setTokenId(tokenId)
     .addCustomFee(customFee);

//Build the unsigned transaction, sign with the token fee schedule private, submit the transaction to a Hedera network
const transactionId = await transaction.build(client).sign(feeScheduleKey).execute(client);

//Request the receipt of the transaction
const receipt = await transactionId.getReceipt(client);

//Get the transaction consensus status
const transactionStatus = receipt.status;

console.log("The transaction consensus status is " +transactionStatus);
//Version: 1.4.10

{% endcode %} {% endtab %} {% endtabs %}