Introduction

Technology and digital transformation have helped propel the world into a new era of technological advancement. An age where the materiality of money will cease to exist, and the newer cryptocurrency asset class will hover on the horizons of finance.

The current decade of the 21st century has seen much advancement, improvement, and progress in the Blockchain and cryptocurrency space. This has led to the creation of several blockchain-based projects across various industries, intending to tackle some of the problems plaguing humanity. HBD (HotBitDeal) is a decentralized smart token project built on the BSC network. The project was created to solve realworld issues of auctions of assets. The auction industry has been in this world for a long time, but now is the time to revolutionize how this industry works. HBD has come to a solution to make bidding more fast and secure through blockchain technology.

The smart contract is just a phrase used to describe computer code that can facilitate money, content, property, shares, or anything of value. A smart contract becomes like a selfoperating computer program that automatically executes when specific conditions are met when running on the Blockchain Because smart contracts run on the Blockchain, they run exactly as programmed without any possibility of censorship, downtime, fraud, or third-party interference. HBD is also using a smart contract to ensure that the bidding is done correctly, and there is no way of fraud element in this whole process. HBD has gathered an incredible amount of attention in a short period, something that will be a massive part of the development of the HBD platforms.