# Participate in a Dutch auction

{% embed url="<https://youtu.be/t0bGPRpmUTs>" %}

### How to participate in a Dutch auction

1\. Visit <https://app.bounce.finance/market> and connect your wallet first.

<figure><img src="/files/GxfBcLWgCJuC3uaCzm05" alt=""><figcaption></figcaption></figure>

2\. If you already know an auction you want to participate, you can directly visit the auction pool link (if you have it) or you can search the auction pool by auction pool name, token address, auction creator username or user ID.&#x20;

<figure><img src="/files/96ehY4UFzP6zy2uWxlXz" alt="" width="563"><figcaption></figcaption></figure>

{% hint style="info" %}
Make sure to double check the auction pool information and confirm that you enter the right pool.&#x20;
{% endhint %}

{% hint style="info" %}
There are three types of pool status:

* Upcoming: The auction is not live yet. Be sure to set a reminder so you don't miss it.
* Live: The auction is ongoing and you can place bids
* Closed: The auction is closed and you can no longer participate
  {% endhint %}

3\. Wait till bidding is open. The price will start from ceiling price and incrementally decrease until it reaches the floor price. If you're good with the current price, you can place your bid, starting with specifying your bid amount.

<figure><img src="/files/mYUWtYWHVAkUSLa2saiD" alt="" width="563"><figcaption></figcaption></figure>

4\. You'll be asked to confirm that you've:

* researched the auction pool creator;
* checked the auctioned token and its contract address to make sure it's not fake/scam;
* checked the price;
* understood rules about Dutch Auction

<figure><img src="/files/HYtvR0xOk4nKIEByMFD7" alt="" width="563"><figcaption></figcaption></figure>

5\. After clicking "Confirm and continue", Bounce will request wallet interaction where you'll need to sign and confirm your transaction.

<figure><img src="/files/r1sGZNELxQEqpsir14wX" alt="" width="563"><figcaption></figcaption></figure>

6. Once your transaction is successfully submitted, you'll receive a "Congratulations" notification confirming that your bid was successfully placed.&#x20;

<figure><img src="/files/qRyDB0T6JwrewLEM07Q8" alt="" width="563"><figcaption></figcaption></figure>

7. Your bid will be displayed on the auction pool page. You can keep placing bids before the auction ends.

<figure><img src="/files/pSD5dh6Br2nsOFmJEXHg" alt="" width="563"><figcaption></figcaption></figure>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.bounce.finance/user-guide/dutch-auction-guides/participate-in-a-dutch-auction.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.