Activate sponsored transaction

Look at the image below.

  1. Fix the amount per transaction i.e. 0.000001 XPAND
  2. Pay 1 Waves to activate sponsorship. (It costs also 1 Waves to change or disable sponsorship)

When someone sends tokens and use your token to pay the transaction fee, he will pay 0.000001 XPAND that will be creditated to you, and Waves Platform will get 0.001 Waves from you.

You can’t decide to pay 10 Waves to “cover” 10,000 transactions or another amount. It depends by your Waves balance, because sponsorship will stop when it reaches 0 or you disable sponsorship.
If you want to fix 10 Waves, your account balance must be 10 Waves.