> For the complete documentation index, see [llms.txt](https://docs.rivalz.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.rivalz.ai/rome-swarm-protocol/dex/guides/how-to-place-a-bid.md).

# How to place a bid

## 1. Place a bid <a href="#id-1.-place-a-bid" id="id-1.-place-a-bid"></a>

The DEX provides a flexible and user-friendly bidding system that lets users customize how they participate in auctions for Auto Agents.

<figure><img src="/files/bvFYqsqzLllP8bqFemdT" alt=""><figcaption></figcaption></figure>

1. **Select Token for Payment**&#x20;

&#x20;Choose the token you want to use for bidding (e.g., USDC, RIZ).

2. **Set Price Per rAgent**&#x20;

&#x20;Enter how much you are willing to pay per Auto Agent. This defines your valuation and is   used to calculate the total bid amount.

3. **Choose Quantity**&#x20;

Select the number of Auto Agents you want to bid for .

4. **Enable Premium (Optional)**&#x20;

Activate the Premium option to give your bid higher priority. Each Auto Agent will pay 20% more tokens compared to the standard rate.

{% hint style="info" %}
**Example:** If your bid is 150 tokens per Autoagent, enabling Premium will increase it to 180 tokens per Auto agent.
{% endhint %}

5. **Set Vesting Terms (Optional)**

If you select No Vesting, you will receive the tokens from the bid immediately.

If you choose a Vesting option, the tokens will be locked and only released to your wallet after the vesting period ends.

**Once confirmed, your bid is submitted and visible to sellers.**

### 2. Accept a bid <a href="#id-2.-accept-a-bid" id="id-2.-accept-a-bid"></a>

Anyone can accept a bid as long as they own that autoAgent in the wallet and have enough of the amount placed in the bid. When you accept a bid, you will automatically receive the autoAgent from the bidder, and the bidder will receive USDC from you.

### 3. Delete a bid <a href="#id-3.-delete-a-bid" id="id-3.-delete-a-bid"></a>

If your bid has not been accepted yet, you can delete the bid you placed earlier

<figure><img src="/files/ZLSfuipRSswdOnvkLR4y" alt=""><figcaption></figcaption></figure>

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