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Transfer ownersip and management rights for the ESDT

The manager of an ESDT token may transfer the management rights to another Account. After this transaction is processed by the Metachain, any subsequent management operations will only be permitted to the new Account. This operation requires that the option canChangeOwner is set to true.

Due to API caching, changes may not be visible immediately.

Please provide your token id

Please provide the address of a new owner

When managing an ESDT (eStandard Digital Token), the current manager has the ability to transfer management rights to a different account. This transition of control becomes effective once the Metachain, which is the central coordinator in the MultiversX Network, processes the transaction. From that point forward, all management activities related to the token must be conducted by the new manager. It's essential for the token to have the canChangeOwner attribute set to true, indicating that the ownership is transferable. This setting ensures that the token's management rights can be reassigned, facilitating flexibility and administrative transitions in token management.

This feature is particularly important for ensuring seamless management transitions in various scenarios, such as organizational restructuring, ownership changes, or strategic realignment. When the canChangeOwner option is enabled, it allows token issuers and current managers to plan for future contingencies and ensure that token management can be handed over without disruptions. The ability to transfer management rights is a crucial aspect of maintaining the operational efficiency and security of a token within the MultiversX network, providing a mechanism for continuity and adaptation in the dynamic landscape of digital assets.

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