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      On this page
        • Activate Sponsored Transactions
        • Deactivate Sponsored Transactions

          # Sponsored Transaction

          Some projects want their users to be able to operate with their assets without using WAVES asset at all. Often it makes much sense since these assets have value. Currently, it's impossible to ensure all the miners accept particular asset as a fee.

          Sponsored Transactions feature can be used in this scenario. So that users who issued their assets can use custom fees in official wallets and other apps.

          Note: Before you start, please make sure that you have at least 2 WAVES on the balance. Since activation and deactivation costs 1 WAVES per request. If you have not enough WAVES on your balance to pay the transaction fee, click on the card icon to buy more WAVES.

          # Activate Sponsored Transactions

          To activate sponsored transactions open Waves.Exchange (opens new window) app, login to your account and navigate to the Wallet tab. Then click Portfolio.

          Find the desired asset in the list and in its menu (⋮) click Enable Sponsorship.

          Figure 4

          In the following window carefully read the conditions before proceeding.

          In the Amount per transaction box specify the required amount of sponsored asset to be charged to users. Then click Continue.

          Note: After activation you'll be able to change the specified amount without deactivation. To do so, find your asset in the list, and in its menu (⋮) click Change Sponsorship.

          In the following window double-check the entered data and if everything is correct click Send or click Go Back to make corrections.

          Activation will be processed with the next block.

          You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

          You will be able to see the activation status. The asset logo will be marked with the special % symbol.

          Figure 6

          Note: For each user transaction in the sponsored mode, you will be charged a commission of 0.001 WAVES. If the balance of your account does not have enough WAVES to pay for user transactions, your sponsored transactions will be canceled.

          Example: You activated the sponsored transaction. You have 3 WAVES free, 5 WAVES in orders and 10 WAVES in staking. As soon as the 3 WAVES run out, the active sponsored mode will use WAVES from active (unfilled) orders. In this case, orders at the time of the matching will be canceled, since you will not have enough WAVES to pay the order fee or to ensure an active order. As soon as all free WAVES are used, the sponsored mode will be forcibly disabled.​

          # Deactivate Sponsored Transactions

          To deactivate sponsored transactions find your asset in the list and in its menu (⋮) click Disable Sponsorship.

          In the following window click Sign to deactivate the sponsorship. Deactivation will be processed with the next block.

          When the asset sponsorship is deactivated, the special % symbol will be removed from the asset logo.


          See more articles in the Assets Management chapter.

          If you have difficulties with Waves.Exchange, please create a support (opens new window) ticket or write a question on our forum (opens new window).

          Burn Asset
          Sponsored Fee
          Burn Asset
          Sponsored Fee