# Initial Knight Offering ### Genesis Knights The first batch of Knights will be auctioned using the [monet.market](https://monet.market/) Multi-NFT Auctioning system. The floor price of those Knights will be **determined based on free market price action**. We call them **Genesis Knights**, and the auction campaign **Initial Knight Offering (IKO)**. We plan to offer **10,000 Knights** in the Initial Knight Offering. ### Genesis Knights are Valuable In the Initial Knight Offering, **high level Genesis Knights equipped with strong items are available for sale**. We anticipate these Knights to be auctioned out with a substantial price, while lower level Knights with a more modest price. ### Knights are Priced in USD Stablecoins We decide to price Knights in USD stablecoins because: * The game sees Knights as the consumers of RUBY. It would be degrading to price Knights themselves in RUBY. * We don't want Knight prices to be a subject to the extreme volatility of game tokens. ### Floor Price is Essential The lowest winning bid from the IKO will **set the initial Floor Price** of Genesis Knights. This will affect: * The **SeaLevel** of the Genesis Royalty Pool * The **basis price** for minting new Knights --- # 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/knights/initial-knight-offering.md?ask= ``` 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.