# How does this work?

### <mark style="color:blue;">Bid Placement</mark>

After submitting the bids, the user will receive an instant notice page with the bid details, unique Bid ID, and real-time status. An Individual can place maximum numbers of 10 bids per auction on HotBitDeal auction platform.

### <mark style="color:blue;">Common Currency</mark>

The HBD is a crypto token based on blockchain technology. This token is available for everyone to buy. The HBD token is required for the auction. We have launched our ICO token, named HBD, for bidding. Thus, it is significant.

### <mark style="color:blue;">Lowest & Unique Bid</mark>

This bidding approach is based on the amount set by the investors as the minimum basis; it should be lower than the other bidding figures. The Term Unique Bidding refers to a style of bidding in which no recurrent number or bid is used. That figure should not be the same as someone else's figure.

### <mark style="color:blue;">Win & Loss</mark>

If you are the auction winner, you will receive notifications in bell icon on navigation panel. Whole history of winning and loosing will be displayed on bell icon from where winner can claim for their rewards. Here you need to mention your wallet address and select currency in which winner participated in auction and submit your claim request.

### <mark style="color:blue;">Closing of Bid</mark>

The auction automatically ends when the predetermined closing day, date, and hour are reached