⛏️transfer
Description
The estimateFee
function is used to estimate the transaction fee for different types of ERC-20 token transfers.
Parameters
Parameter | Data Type | Description |
---|---|---|
| string | The blockchain on which the ERC1166 token exists. |
| string | The contract type, in this case, 'erc1155'. |
| string | The type of function for which to estimate the fee, in this case, 'transfer'. |
| string | The environment or network of the blockchain. |
| number | The amount of ERC20 tokens to be transferred. |
Response
Field | Data Type | Description |
---|---|---|
| number | The response code indicating the success or failure of the operation. |
| number | The estimated fee for the contract deployment. |
| number | The estimated fee in VLRY (virtual asset). |
| number | The estimated fee in USD (United States Dollar). |
Example Request and Response
Prerequisites
Before making requests with NEST® SDK, you must have it installed.
You can install NEST® SDK using either npm
or yarn
. Use the following commands to install NEST® SDK:
Request
Here is an example of how to make a transfer
request using the NEST® SDK:
Response
Use Cases
User Wallet Integration: The
estimateFee
function can be used to provide users with an estimated transaction fee before they initiate a token transfer. This gives users the ability to make an informed decision about their transaction.DApp Transaction Confirmation: In a decentralized application (DApp), when a user initiates a token transfer, the DApp can call this function to display the estimated fee to the user before proceeding with the transaction. This enhances user experience and ensures transparency.
Transaction Cost Comparison: For platforms or services that support multiple blockchain networks, this function can be used to compare transaction costs across different blockchains. This helps users choose the most cost-effective blockchain for their token transfers.
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