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

Methods

Method
Type
Requirement

setTokenId(<tokenId>)

Required

setCustomFees(<customFees>)

List<CustomFee>

Optional

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

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

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

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

System.out.println("The transaction consensus status is " +transactionStatus);
//Version: 2.0.9

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