diff --git a/examples/jetton_transfer_trace.py b/examples/jetton_transfer_trace.py
new file mode 100644
index 0000000..d850ff7
--- /dev/null
+++ b/examples/jetton_transfer_trace.py
@@ -0,0 +1,68 @@
+import asyncio
+
+from pytvm.transaction_emulator import TraceEmulator, TraceResult, TransactionEmulator
+from pytoniq import Address, Cell, Transaction, LiteBalancer, Contract, begin_cell
+
+WALLET = Address("kQCBc6PP9EndBCsJdgU2PCkMTxriH74NQcDOaDUKRG555TEp")
+JETTON_WALLET = Address("kQAVmLElV4C6J1KKt5fqGn4e8NR-DFiL9Dhy29WCJh57wC90")
+DESTINATION = Address("kQCSES0TZYqcVkgoguhIb8iMEo4cvaEwmIrU5qbQgnN8ftBF")
+
+def create_jetton_transfer_payload(
+        destination: Address | str,
+        amount: int,
+        query_id: int = 0,
+        response_address: Address | str | None = None,
+        custom_payload: Cell | None = None,
+        forward_amount: int = 0,
+        forward_payload: Cell | None = None
+    ) -> Cell:
+        return (
+            begin_cell()
+            .store_uint(0xf8a7ea5, 32)
+            .store_uint(query_id, 64)
+            .store_coins(amount)
+            .store_address(destination)
+            .store_address(response_address)
+            .store_maybe_ref(custom_payload)
+            .store_coins(forward_amount)
+            .store_maybe_ref(forward_payload)
+            .end_cell()
+        )
+
+def trace_result_simple_format(tr: TraceResult) -> str:
+    def address_format(address: Address) -> str:
+        return address.to_str(is_test_only=True)
+
+    def transaction_format(tx: Transaction) -> str:
+        msg = tx.in_msg
+        if msg is None:
+            return ""
+        if msg.is_external:
+            return f"External: {address_format(msg.info.dest)}" 
+        if msg.is_internal:
+            return f"Internal: {address_format(msg.info.src)} -> {address_format(msg.info.dest)}" 
+        if msg.is_external_out:
+            return f"External out: {msg.info.src}"
+        return ""
+
+    def trace_format(tr: TraceResult, depth: int = 0) -> str:
+        tx = tr["transaction"]
+        s = ""
+        if tx is not None:
+            s = "."*depth + transaction_format(tx)
+        for child in tr["children"]:
+            s += '\n'
+            s += trace_format(child, depth + 1)
+        return s
+
+    return trace_format(tr)
+
+async def main():
+    async with LiteBalancer.from_testnet_config(2) as provider:
+        body = create_jetton_transfer_payload(DESTINATION, 1*10**9, forward_amount=1, response_address=WALLET)
+        message = Contract.create_internal_msg(value=1*10**9, body=body, src=WALLET, dest=JETTON_WALLET)
+        emulator = TraceEmulator(provider, TransactionEmulator())
+        result = await emulator.emulate(message)
+        print(trace_result_simple_format(result))
+
+asyncio.run(main())