Additionally, beginning June 1, 2005, people will have 30 days to claim their knuts before they vanish like Leprechaun gold. We're working on creating a lottery so that people will all have the opportunity to win any unclaimed knuts. I'll keep you posted.
Below is a list of people who my records indicate have not deposited last month's knuts. If your name appears below, please go to hh_diagon and make a deposit in Gringott's!
If your name is incorrectly listed showing you have NOT deposited your knuts - but you have - please let me know. Honesty is nice :)
People seem confused about what knuts are, how they're earned and what they're for.
The Hogwarts Is Home FAQ discusses this HERE
However, in simple terms, my response to these questions is this:
1 - What are knuts?
If you have to ask this, you've obviously not read Harry Potter closly. Knuts are one of the three types of wizarding money out there. (The other two would be sickles and galleons) Just like in the potterverse, knuts have a monitary value here at HiH.
2 - How are knuts earned?
You earn knuts by participating in contests and debates. Debates generally earn you 5 knuts for participation. Winning or placing 2nd or 3rd in a contest earn you even more!
3 - What are knuts for?
Buying stuff, hello!?! :D
During Hogsmeade Weekend (in particular) many people open up shops where they sell custom sig tags, icons and the like. If you have the knuts for it *said tongue in cheek* you can buy these items. Also, Diagon Alley has shops in which you can buy things. People who are Animagi, for instance, are required to buy spell books. Sure, these items you buy in the shops aren't things you can actually use in the physical world... But, hey, this whole community is standing to the side, too! Besides, even in this fictional world it doesn't hurt to be able to say "I have more money than you!" But then again, that might be the Slytherin in me talking ;)
I hope this clears things up...