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| 1 | +--- |
| 2 | +id: funding-a-maker-account |
| 3 | +title: Funding A Maker Account |
| 4 | +pagination_label: Funding A Maker Account |
| 5 | +sidebar_label: Funding A Maker Account |
| 6 | +description: Helium Documentation |
| 7 | +image: https://docs.helium.com/img/link-image.png |
| 8 | +slug: /hotspot-makers/become-a-maker/funding-a-maker-account |
| 9 | +--- |
| 10 | + |
| 11 | +import useBaseUrl from '@docusaurus/useBaseUrl' |
| 12 | + |
| 13 | +Before migrating from the Helium blockchain to Solana, Hotspot Makers had to fund Maker wallets with |
| 14 | +enough Data Credits to facilitate two separate transactions: The 4,000,000 DC cost of onboarding |
| 15 | +each Hotspot, and The 1,000,000 DC cost of the first location assertion for each Hotspot. Onboarding |
| 16 | +fees are paid once. Location assertion fees are paid each time the Hotspot location is updated. |
| 17 | + |
| 18 | +This funding of the Data Credits was done by burning HNT from the Makers wallet to Data Credits in |
| 19 | +the Makers wallet using a CLI tool which is no longer supported. Transaction costs were charged in |
| 20 | +DC and paid for by DC or implicitly burning HNT to DC in the Makers' wallets. |
| 21 | + |
| 22 | +--- |
| 23 | + |
| 24 | +## Funding Maker Account on Solana |
| 25 | + |
| 26 | +Funding a Maker wallet with Data Credits from HNT tokens is now performed in the Helium Wallet App. |
| 27 | +The transaction costs for onboarding and location assertion are paid in SOL to the Solana |
| 28 | +Blockchain. Maker wallets must now maintain token balances of both Data Credits and SOL for |
| 29 | +onboarding and location assertion fees which the Maker supplies to customers. |
| 30 | + |
| 31 | +### Data Credit Fees |
| 32 | + |
| 33 | +- Onboarding = 4,000,000 DC |
| 34 | +- Location Assertion = 1,000,000 DC<sup>(</sup>[^1]<sup>)</sup> |
| 35 | + |
| 36 | +[^1]: |
| 37 | + Currently 500,000 due to |
| 38 | + [HIP 69](https://github.com/helium/HIP/blob/main/0069-reassertion-fee-reduction.md). |
| 39 | + |
| 40 | +### SOL Fees |
| 41 | + |
| 42 | +- Create the Hotspot NFT on the blockchain = 0.00001 SOL |
| 43 | +- Onboard only or Onboard and Location Assertion = 0.00175696 |
| 44 | +- SOL Location Assertion only = 0.00001 SOL |
| 45 | + |
| 46 | +--- |
| 47 | + |
| 48 | +## Funding Maker Wallets with SOL |
| 49 | + |
| 50 | +Funding a Maker wallet with SOL is performed the same way as sending tokens to any crypto wallet. |
| 51 | +Send from an exchange, another wallet, or swap from another cryptocurrency within the Helium Wallet |
| 52 | +using the inbuilt browser and a swap aggregator such as [Jupiter](https://jup.ag/swap). |
| 53 | + |
| 54 | +--- |
| 55 | + |
| 56 | +## Funding Maker Wallets with Data Credits |
| 57 | + |
| 58 | +Funding a wallet with Data Credits requires HNT, as Data Credits can only be obtained using HNT. The |
| 59 | +exchange rate for DC is $1 worth of HNT = 100,000 DC. |
| 60 | + |
| 61 | +- If HNT is $2 then 0.5 HNT = 100,000 DC |
| 62 | +- If HNT is $10 then 0.1 HNT = 100,000 DC |
| 63 | + |
| 64 | +The USD/HNT exchange rate within the Helium Wallet App is used for the conversion and appears in the |
| 65 | +Helium Wallet app before committing the transaction. |
| 66 | + |
| 67 | +:::warning HNT to DC swaps are irreversible |
| 68 | + |
| 69 | +Data Credits cannot be refunded, exchanged for other tokens, or transferred between wallets. |
| 70 | + |
| 71 | +::: |
| 72 | + |
| 73 | +### Method 1: Use the Helium Wallet app |
| 74 | + |
| 75 | +Makers can use the Helium Wallet app to swap HNT directly to DC. |
| 76 | + |
| 77 | +This method requires that the Maker Wallet is already funded with HNT to swap and SOL for |
| 78 | +transaction fees. |
| 79 | + |
| 80 | +Swap HNT to DC within a Maker Wallet: |
| 81 | + |
| 82 | +1. Select the Maker Wallet in the Helium Wallet app. |
| 83 | +1. Tap the `$` icon on the bottom tab bar. |
| 84 | +1. Tap the `Swap` icon in the middle of the screen. |
| 85 | +1. Select `HNT` in the top drop-down and enter an amount of HNT to swap. |
| 86 | +1. The lower drop-down will be filled with the resulting DC amount. |
| 87 | +1. Tap the `Swap Tokens` button and confirm the swap transaction. |
| 88 | +1. HNT is burned for DC within the same Wallet. |
| 89 | + |
| 90 | +The new DC balance amount can be verified in the app tokens list on the `$` tab within the Helium |
| 91 | +Wallet app. |
| 92 | + |
| 93 | +--- |
| 94 | + |
| 95 | +### Method 2 : Use the Helium Wallet app to Fund a Different Wallet |
| 96 | + |
| 97 | +Any Wallet owner can send DC to a Maker wallet using the Helium Wallet app to swap HNT directly to |
| 98 | +DC. |
| 99 | + |
| 100 | +This method requires that the sending Wallet is already funded with HNT to swap and SOL for |
| 101 | +transaction fees. |
| 102 | + |
| 103 | +Add the Maker Wallet address to the Address Book: |
| 104 | + |
| 105 | +1. Tap the `Address Book` icon in the top right corner of the Helium Wallet app. |
| 106 | +1. Add new contact with the Maker's Solana wallet address. |
| 107 | + |
| 108 | +Swap HNT to DC to a Maker Wallet: |
| 109 | + |
| 110 | +1. Select any Wallet in the Helium Wallet app. |
| 111 | +1. Tap the `$` icon on the bottom tab bar. |
| 112 | +1. Tap the `Swap` icon in the middle of the screen. |
| 113 | +1. Select `HNT` in the top drop-down and enter an amount of HNT to swap. |
| 114 | +1. The lower drop-down will be filled with the resulting DC amount. |
| 115 | +1. Tap the grey `Add Recipient +` text to enter the receiving Solana wallet address. |
| 116 | +1. Tap the `...` to the right of Solana Address and select the contact for the Maker Wallet. |
| 117 | +1. Tap the `Swap Tokens` button and confirm the swap transaction. |
| 118 | +1. HNT is burned for DC within the same Wallet. |
| 119 | + |
| 120 | +The new DC balance amount in the recipient Maker Wallet can be verified by looking at the Helium |
| 121 | +Data Credit token balance of the maker wallet on https://explorer.solana.com/ |
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