CryptoKnights NFT: Whitelisting and Purchasing Guide

Published in

ritestream

9 min readApr 3, 2024

CryptoKnights, the Web3 “Shark Tank” reality show from an Emmy award-nominated Team, is set to launch in Q3, 2024 and we are giving you the chance to be a part of it through crowdfunding.

What is CryptoKnights NFT?

The CryptoKnights NFT is essentially a pass to get the token drops for 30 projects that will be featured on the show.

What are the NFT Sales Rounds?

How to take part in the Seed Sale?

The seed sale is only open to our community who stake a minimum of 500,000 $RITE tokens and who joined the Rite Fund.
Currently, the Seed Sale is SOLD OUT.

How to take part in the Private Sale?

Whitelisting for Private Sale will happen from 15 April, 9 AM UTC to 19 April, 11 PM UTC.
We’ll announce the opening of the whitelist for the private sale on our official channels. Check our announcement channels like X (Twitter) and Telegram Announcements. You can also Sign up for email alerts to stay notified.
Once it’s open, head over to our dedicated Portal.
- There, you can connect your crypto wallet and choose how many CryptoKnights NFTs you’d like to purchase during the private sale.
- Note: For every 5000 $RITE staked, you will get an allocation to purchase 1 NFT.

After the whitelist closes, the private sale for CryptoKnights NFTs will begin on 22 April, 9 AM UTC.
- During this sale, you can return to the portal and connect your wallet.
- The portal will then display your purchase allocation, which is the maximum number of NFTs you’re allowed to buy based on the amount you stake.

- Once you see your allocation, you can proceed with purchasing your desired number of NFTs within that limit.

The Private Sale will be closed on 27 April, 11 PM UTC.

How to take part in the Public Sale?

Anyone can purchase and there is no Whitelisting.
Public Sale will start after April 29.

When can we Mint the NFT and on what network?

The minting process will happen after the completion of the Public Sale in May, and it will be on the Base Network.

How to add Base to your wallet

The Coinbase Wallet browser extension provides support for Base by default.

To use Base with Coinbase Wallet:

Open the Coinbase Wallet browser extension and log in to your account.
Connect to an app using Coinbase Wallet.

Open the network selection menu by clicking the network icon in the upper right-hand corner.
Select Base.

Your active network should now be switched to Base.

MetaMask

To add Base as a custom network to MetaMask:

Open the MetaMask browser extension.
Open the network selection dropdown menu by clicking the dropdown button at the top of the extension.

Click the Add Network button.
Click Add a Network manually.
In the Add a network manually dialog that appears, enter the following information for Base mainnet:
Network Name — Base Mainnet
New RPC URL — https://mainnet.base.org
Chain ID — 8453
Currency Symbol — ETH
Block Explorer URL (Optional) — https://explorer.base.org

You should now be able to connect to the Base by selecting it from the network selection dropdown menu.

Another way to add Base is by opening chainlist.org, searching for Base, and clicking “connect” to add it to the wallet seamlessly.

FAQs:

Q: What is the CryptoKnights NFT? Is it considered as a collectible?
A: The NFT is essentially a pass to get the token drops. We may add other utilities in the future.

Q: What is the total NFT Count for the CryptoKnights Sale? Is there a limit?
A: TOTAL NFTs: 9,500

Q: What are the sales rounds and respective prices? Max. number capped at 9500. Number of NFTs per round
A: SEED (2,500 NFTS)
$150
PRIVATE (Min. 2,000, Max 3,500)
$175
PUBLIC (Min. 3500, Max 5,000)
$250

Q: How many Web3 projects will be in the CryptoKnights Season 1?
A: 35–40 Projects just for Season 1.

Q: How many free token drops will I get for each NFT?
A: 30 different tokens from Projects that will be featured in the show.

Q: What are the benefits of purchasing and holding the NFT?
A: Get Token Drops from 30 Featured Projects. More utilities may be revealed later

Q: Are the token drops guaranteed for each NFT holder upon purchase?
A: The token drops are guaranteed.

Q: It mentions token drops for 30 other projects, but I’m unclear whether these projects are incubated by ritestream, and if they’re related to TV shows.
A: We’re featuring 30–40 Web3 projects on Season 1 of the CryptoKnights show. We are not incubators. Note that we will not be able to acquire the tokens for all the projects on the show. It will be capped at 30 project tokens.

Q: Which network will the CK NFTs be launched on? Will they be purchased using $RITE tokens or stablecoins?
A: Watch out for our announcement regarding the network. NFTs can be purchased using stablecoins.

Q: Do we need to stake the NFTs we purchase to qualify for the token drop, or is it sufficient to hold them in our wallet?
A: For the CK NFT, holding them should suffice. However, for future Movie/TV production NFTs, staking might be necessary.

Q: Do I need to hold the NFT in the same wallet where my $RITE token is staked or I can move it to any other wallet and get tokens there?
A: You can move the NFT to any wallet. We track the rewards collected at the NFT level. When you sell your NFT, the current NFT holder can claim the unclaimed tokens.

Q: Will only the first 500k stakers have access to the seed price for buying NFTs?
A: Seed round is only for those who staked 500K $RITE or more AND participated in the Rite Fund.

Q: What does allocation mean in terms of the NFT Sale?
A: Allocation refers to the number of NFTs you’re permitted to purchase.

Q: If I purchase only one NFT, will it be based on my allocation? And if I buy 10, is it the same?
A: For every 5,000 $RITE Tokens you stake you will get 1 NFT. Each NFT provides token drops for 30 projects featured on CryptoKnights. Therefore, owning more NFTs results in a higher total token yield. However, you can buy less number of NFTs if you choose to.

Q: Will the allocation for NFTs be predetermined upon launch, or can an additional $RITE be staked to increase one’s allocation after launch?
A: You can increase your staking up to 19th April at 11 pm UTC when the whitelist phase ends. Participants will have until the snapshot is taken after the whitelisting phase to secure their allocation. This means you can increase your staking amount before the whitelist ends to secure a higher allocation.

Q: If we purchase NFTs, will we need to spend money to buy the tokens of the web3 projects, or will we receive them solely through free token drops?
A: The token drops are free and no. You don’t need money for the 30 token drops if you have the CK NFT.

Q: How many tokens will we get from each Project that will be featured on the show?
A: This information will be provided at a later date. Many of these tokens have yet to launch, and their IDOs are around the time of the release of episodes. The team currently doesn’t have the exact number of tokens you’ll receive per project. However, you will receive 30 different tokens, with varying quantities, as token supply and prices differ for each. At the very least, you’ll receive a token value higher than your initial investment (price calculated at the average price at the time of the token drop)

Q: Everyone who has Bronze Tier and above can participate in CryptoKnights Private Sale, right?
A: You need to stake a minimum of 5,000 $RITE tokens to take part.

Q: Why stake 5,000 $RITE for Private Sale?
A: Because it’s about the same price as the NFT which is approximately $175. We created this based on the communities’ suggestion to ensure fairness, especially to those who stake more than 5,000 $RITE. This is also to prevent users from creating multiple wallets with a minimum stake of 500 $RITE and getting an unfair allocation.

Q: What about the 2X multiplier boost for the first 2 pools? (5M and 20M pool)? and 4X multiplier for the LP pool?
A: Yes, this also applies. If you stake 2,500 $RITE in any of the pools, it’s counted as if you staked 5,000 $RITE. If you stake 1,250 $RITE in the LP pool, we also count it as 5,000 $RITE.

Q: What is the CK NFT Allocation?
A:

A minimum of 5,000 $RITE must be staked to acquire 1 NFT.
For every additional staking of 5,000 $RITE, you get 1 more NFT allocation.
The maximum allocation per participant is set at 75 NFTs.
Participants in the Rite Fund are ineligible to participate in the PRIVATE SALE, as they have already received an allocation through the SEED SALE.

Q: Where do we stake $RITE tokens? On Launchpads or somewhere else?
A: Stake your $RITE Tokens here: https://staking.ritestream.io/. You can also read our Staking Guide for reference.

Q: Is there KYC involved in any of this? If yes, what are the steps?
A: There is no KYC needed.

Q: What are the vesting periods for the tokens of the 30 projects on season 1? I use a couple of launchpads with vesting ranging from 3–12 months. Is this similar to the ritestream launchpad?
A: The vesting process varies for each project, this will be based on their respective tokenomics and also depends on which round we get public, private, KOL, etc with each project.

Q: Are there different vesting periods between seed, private, and public NFTs?
A: The vesting remains the same across seed, private, and public NFTs; the distinction lies solely in their pricing.

Q: When investing 5,000 USD on NFTs, how much allocation does one get for each project? Let’s say a project has 400k USD reserved for the ritestream launchpad. What do you get for that project when you bought 5,000 USD NFTs?
A: Depends on the individual projects but we are doing our best to get equal amounts per project. As for how much allocation you get if u bought $5,000 worth of NFTs for that single project, a simple ballpark would be around $167 per project ($5,000/30 = $167).

Q: When season 1 is over, are there still benefits for the NFT holders or is it just bound to the investment rounds in season 1?
A: When it comes to the benefits for Season 2, we are currently exploring various possibilities. While we’re eager to enhance utility beyond tokens, we’re unable to provide concrete details at this time.