{"id":16143,"date":"2020-12-07T20:10:00","date_gmt":"2020-12-07T20:10:00","guid":{"rendered":"https:\/\/hederav2stg.wpenginepowered.com\/blog\/get-started-with-the-hedera-token-service-part-2\/"},"modified":"2025-12-10T04:54:52","modified_gmt":"2025-12-10T04:54:52","slug":"get-started-with-the-hedera-token-service-part-2","status":"publish","type":"post","link":"https:\/\/hedera.com\/blog\/get-started-with-the-hedera-token-service-part-2\/","title":{"rendered":"Get started with the Hedera Token Service – Part 2"},"content":{"rendered":"
\n

This blog post has been updated to include the latest capabilities of the Hedera Token Service. <\/strong><\/p>\n

See the updated version: Get Started with the Hedera Token Service – Part 2: KYC, Update, and Scheduled Transactions<\/a><\/strong><\/strong><\/p>\n

In part 2 of getting started with HTS we\u2019re going to discuss some of the various administration functionalities. Similar to controlled mutability<\/a> with Hedera\u2019s supporting services, HTS leaves decisions about these API parameters to the developers and provides ultimate flexibility to however someone would like to create their tokens. <\/p>\n

Minting and burning tokens<\/h4>\n

While creating and transferring tokens at incredibly low cost and high speeds is great for a majority of use cases, like micropayments, certain applications and protocols may need more robust features. With HTS, you can easily set up the creation (minting) and deletion (burning) of new tokens (assuming that the token was created with a \u201csupply key\u201d). For example, when issuing a stablecoin, you may want to mint new tokens every time there is a new deposit, and subsequently, burn tokens anytime that someone converts their tokens back into fiat. <\/p>\n<\/div>\n

\n


\n \"code<\/p>\n

\n
Minting<\/div>\n
Minting<\/div>\n<\/p><\/div>\n
\/\/Mint another 1,000 tokens and freeze the unsigned transaction for manual signing
<\/p>\n
const transaction = await new TokenMintTransaction()\n<\/p>\n
 .setTokenId(tokenId)\n<\/p>\n
 .setAmount(1000)\n<\/p>\n
 .freezeWith(client);\n<\/p>\n

<\/p>\n
\/\/Sign with the supply private key of the token \n<\/p>\n
const signTx = await transaction.sign(supplyKey);\n<\/p>\n

<\/p>\n
\/\/Submit the transaction to a Hedera network \n<\/p>\n
const txResponse = await signTx.execute(client);\n<\/p>\n

<\/p>\n
\/\/Request the receipt of the transaction\n<\/p>\n
const receipt = await txResponse.getReceipt(client);\n<\/p>\n
 \n<\/p>\n
\/\/Get the transaction consensus status\n<\/p>\n
const transactionStatus = receipt.status;\n<\/p>\n
console.log(\"The transaction consensus status \" +transactionStatus.toString());<\/p><\/code><\/pre>\n<\/div>\n
\n
  
\n  \"code<\/p>\n
\n
Burning<\/div>\n
Burning<\/div>\n<\/p><\/div>\n
\/\/Burn 1,000 tokens and freeze the unsigned transaction for manual signing
<\/p>\n
const transaction = await new TokenBurnTransaction()\n<\/p>\n
 .setTokenId(tokenId)\n<\/p>\n
 .setAmount(1000)\n<\/p>\n
 .freezeWith(client);\n<\/p>\n

<\/p>\n
\/\/Sign with the supply private key of the token \n<\/p>\n
const signTx = await transaction.sign(supplyKey);\n<\/p>\n

<\/p>\n
\/\/Submit the transaction to a Hedera network \n<\/p>\n
const txResponse = await signTx.execute(client);\n<\/p>\n

<\/p>\n
\/\/Request the receipt of the transaction\n<\/p>\n
const receipt = await txResponse.getReceipt(client);\n<\/p>\n
 \n<\/p>\n
\/\/Get the transaction consensus status\n<\/p>\n
const transactionStatus = receipt.status;\n<\/p>\n
console.log(\"The transaction consensus status \" +transactionStatus.toString());\n<\/p><\/code><\/pre>\n<\/div>\n
\n
Deleting tokens <\/h4>\n
Sometimes tokens can be used in seasonal games, or other contexts with a predefined lifespan. In these circumstances, it\u2019s helpful to be able to delete the token from the network entirely, and therefore remove it from everyone\u2019s accounts. Similar to other admin functionality and Hedera\u2019s controlled mutability, if there are no administrative keys set during the token\u2019s creation, deletion is not possible. <\/p>\n<\/div>\n
\n
  
\n  \"code<\/p>\n
\n
Deleting<\/div>\n
deleting<\/div>\n<\/p><\/div>\n
\/\/Create the transaction and freeze the unsigned transaction for manual signing<\/p>\n
const transaction = await new TokenDeleteTransaction()<\/p>\n
 .setTokenId(tokenId)<\/p>\n
 .freezeWith(client);<\/p>\n
\/\/Sign with the admin private key of the token <\/p>\n
const signTx = await transaction.sign(adminKey);<\/p>\n
\/\/Submit the transaction to a Hedera network <\/p>\n
const txResponse = await signTx.execute(client);<\/p>\n
\/\/Request the receipt of the transaction<\/p>\n
const receipt = await txResponse.getReceipt(client);<\/p>\n
 <\/p>\n
\/\/Get the transaction consensus status<\/p>\n
const transactionStatus = receipt.status;<\/p>\n
console.log(\"The transaction consensus status \" +transactionStatus.toString());<\/p><\/code><\/pre>\n<\/div>\n
\n
Updating tokens<\/h4>\n
If you create your tokens with an admin key, you\u2019re also able to \u201cupdate\u201d that token, meaning change the metadata and characteristics of the token itself. For example, you can change the token name, symbol, or keys that are associated with its controlled mutability. You can create a token that initially has a 1 of 1 key for minting and burning, and over time, change this to a threshold or multisignature key. You can rotate the keys associated with compliance and administration, or even remove them entirely offering a more decentralized approach over time.\n<\/p>\n<\/div>\n
\n
  
\n  \"code<\/p>\n
\n
Update<\/div>\n
Update<\/div>\n<\/p><\/div>\n
\/\/Create the transaction and freeze for manual signing<\/p>\n
const transaction = await new TokenUpdateTransaction()<\/p>\n
 .setTokenId(tokenId)<\/p>\n
 .setTokenName(\"Your New Token Name\")<\/p>\n
 .freezeWith(client);<\/p>\n

<\/p>\n
\/\/Sign the transaction with the admin key<\/p>\n
const signTx = await transaction.sign(adminKey);<\/p>\n

<\/p>\n
\/\/Submit the signed transaction to a Hedera network<\/p>\n
const txResponse = await signTx.execute(client);<\/p>\n

<\/p>\n
\/\/Request the receipt of the transaction<\/p>\n
const receipt = await txResponse.getReceipt(client);<\/p>\n

<\/p>\n
\/\/Get the transaction consensus status<\/p>\n
const transactionStatus = receipt.status.toString();<\/p>\n
console.log(\"The transaction consensus status is \" +transactionStatus);<\/p><\/code><\/pre>\n<\/div>\n
\n
These are just a few examples of when and why it\u2019s helpful to have Hedera\u2019s level of controlled mutability. Being able to mint, burn, delete, and update tokens when needed – in a transparent and cryptographically provable way – opens up entirely new opportunities in the tokenization industry. In Part 3<\/a> of this blog series we\u2019ll look at different types of compliance functionality offered natively and out of the box, further opening the ease of integrations with HTS.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Hedera Token Service (HTS) is used via a robust set of APIs for the configuration, minting, and management of tokens on Hedera, without needing to set up and deploy a smart contract. In Part 2 of this series, let’s look at the different types of administration functionalities that are available within the Hedera API (HAPI):<\/p>\n","protected":false},"author":10,"featured_media":17743,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[45],"ppma_author":[43],"class_list":["post-16143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-technical"],"acf":[],"yoast_head":"\nGet started with the Hedera Token Service - Part 2 | Hedera<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hedera.com\/blog\/get-started-with-the-hedera-token-service-part-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Get started with the Hedera Token Service - Part 2 | Hedera\" \/>\n<meta property=\"og:description\" content=\"The Hedera Token Service (HTS) is used via a robust set of APIs for the configuration, minting, and management of tokens on Hedera, without needing to set up and deploy a smart contract. 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