# Auctions

CryptoKnights uses [monet.market](https://monet.market/) to launch all its NFTs.

### NFTs are Revealed Before the Auction

In a monet.market NFT Auction, NFTs are all **revealed before the auction**, and will be arranged based on the value of the NFT, from highest to lowest.

### Bidding

Buyers will **place bids** on those NFTs. The higher the bid, the better the NFT they will receive when auction ends.

If the buyer's bid gets pushed out by other bids, they will be refunded.

### Royalty Pool Auction

Parallel to the NFT Auction, there will also be a **Royalty Pool Auction**. Anyone can participate in the Royalty Pool Auction.

The Royalty Pool collects royalties that come from **sales on the secondary market** and **rent from the rental market**.


---

# 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://whitepaper.cryptoknights.games/auctions.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.
