Funding A Maker Account
Hotspot Makers must fund Maker wallets with enough Data Credits ("DC") and SOL to cover the onboarding fees for all Hotspots they supply to customers.
Funding a Maker Account
Funding a Maker wallet with Data Credits from HNT tokens is now performed in the Helium Wallet App. The transaction costs for onboarding and location assertion are paid in SOL to the Solana blockchain.
A current public view on the funding status of Maker wallets is available at:
https://dune.com/helium-foundation/helium-makers
See "Data Credits By Hotspot ManufacturerH. Helium Maker DC Balances"
SOL Fees
These tokens are paid to the Solana blockchain.
| IOT Hotspot Transaction Fee | MOBILE Hotspot Transaction Fee | |
|---|---|---|
| Hotspot NFT creation | 0.00189616 SOL | 0.00189616 SOL |
| IOT Hotspot onboarding | 0.00175696 SOL | 0.00175696 SOL |
| MOBILE Hotspot onboarding (1) | 0.00168736 SOL | |
| Total | 0.00365312 SOL | 0.00534048 SOL |
Data Credit Fees
These tokens are "burned".
| IOT Hotspot Fee | MOBILE Hotspot Fee(1) | |
|---|---|---|
| Onboarding Fee | 4,000,000 DC ($40 USD) | 4,000,000 DC ($40 USD) |
| First Location Assertion Fee | 1,000,000 DC(2) ($10 USD) | 1,000,000 DC ($10 USD) |
| Total | 5,000,000 DC | 5,000,000 DC |
Funding Maker Wallets with SOL
Funding a Maker wallet with SOL is performed the same way as sending tokens to any crypto wallet. Send from an exchange, another wallet, or swap from another cryptocurrency within the Helium Wallet using the inbuilt browser and a swap aggregator such as Jupiter.
Funding Maker Wallets with Data Credits
Funding a wallet with Data Credits requires HNT, as Data Credits can only be obtained using HNT. The exchange rate for DC is $1 worth of HNT = 100,000 DC.
- If HNT is $2 then 0.5 HNT = 100,000 DC
- If HNT is $10 then 0.1 HNT = 100,000 DC
The USD/HNT exchange rate within the Helium Wallet App is used for the conversion and appears in the Helium Wallet app before committing the transaction.
Data Credits cannot be refunded, exchanged for other tokens, or transferred between wallets.
Always double-check the addresses before performing essential operations.
Swap HNT to DC within a Maker Wallet:
- Select the Maker Wallet in the Helium Wallet app.
- Tap the
$icon on the bottom tab bar. - Tap the
Swapicon in the middle of the screen. - Select
HNTin the top drop-down and enter an amount of HNT to swap. - The lower drop-down will be filled with the resulting DC amount.
- Tap the
Swap Tokensbutton and confirm the swap transaction. - HNT is burned for DC within the same Wallet.
The new DC balance amount can be verified in the app tokens list on the $ tab within the Helium
Wallet app.
Swap to Fund a Different Wallet
The Helium Wallet app can be used to swap HNT from one wallet to DC in a Maker wallet.
This method requires that the sending Wallet is already funded with HNT to swap and SOL for transaction fees.
Firstly add the Maker Wallet address to the Address Book as a contact. This is the destination wallet that you will send the DC to:
- Tap the
Address Bookicon in the top right corner of the Helium Wallet app. - Add new contact with the Maker's Solana wallet address.
Swap HNT to DC to send to a Maker Wallet:
- Select any Wallet in the Helium Wallet app.
- Tap the
$icon on the bottom tab bar. - Tap the
Swapicon in the middle of the screen. - Select
HNTin the top drop-down and enter an amount of HNT to swap. - The lower drop-down will be filled with the resulting DC amount.
- Tap the grey
Add Recipient +text to enter the receiving Solana wallet address. This is the wallet address to send the DC to. - Tap the
...to the right of Solana Address and select the contact for the Maker Wallet. - Tap the
Swap Tokensbutton and confirm the swap transaction. - HNT is burned from the current wallet to DC in the recipient Maker Wallet.
The new DC balance amount in the recipient Maker Wallet can be verified by looking at the Helium Data Credit token balance of the maker wallet on https://explorer.solana.com/