What exactly are you buying on WordMarket
WordMarket is a platform for trading lexical units marked with a unique index ʷᵐ (WordMarket).
The subject of your purchase is:
- Exclusive ownership of a lexical unit with index ʷᵐ on this platform
- The right to create content, descriptions, images and links for your platform version
- The ability to later sell this platform version to another user
- Control over how your version is presented on the platform
The subject of your purchase is NOT:
- Original word without index ʷᵐ
- The right to prevent others from using the original word in normal communication
- Exclusive rights to the original word outside this platform
- Trademarks or other intellectual property rights to the original word
Practical example:
If you buy "houseʷᵐ", you own this unique platform version. The original word "house" remains unchanged and outside your control.
The ʷᵐ index creates a clear legal distinction between the original word and its platform version.
What is WordMarket
- Digital platform: WordMarket is a platform for trading lexical units marked with index ʷᵐ
- Unique system: Each word automatically gets an index ʷᵐ that distinguishes it from the original word
- Creativity and personalization: You can add content, images and links to your wordʷᵐ version
- Trading: You can sell your wordʷᵐ versions to other users at any time
- Global reach: We support words from all languages of the world with index ʷᵐ
- Safe system: Index ʷᵐ legally protects you from trademark disputes
ʷᵐ Index System
- Automatic addition: When you enter "house", "houseʷᵐ" is automatically created
- Legal protection: Index ʷᵐ distinguishes your version from the original word
- Uniqueness: Only one version of each lexical unit with index ʷᵐ can exist on the platform
- Ownership: You own the complete platform version including the index
- Recognition: People immediately know it's a WordMarket version
- Security: No trademark applies to platform versions with index ʷᵐ
Platform Currency - ¢ʷᵐ Credits
WordMarket uses its own virtual currency - ¢ʷᵐ credits (WordMarket credits).
Basic information:
- 1 ¢ʷᵐ credit = 1 EUR (one-to-one conversion)
- All transactions on the platform are conducted in ¢ʷᵐ credits
- Credits are used for buying, selling and trading lexical units ʷᵐ
- Credits are not cryptocurrency or independent currency - they are internal platform units
How to get credits:
- By purchasing with real money (EUR, USD, GBP and other currencies)
- By selling your lexical units ʷᵐ to other users
- Foreign currency deposits are automatically converted to ¢ʷᵐ credits at current exchange rate
Credit withdrawal:
- You can withdraw credits back as real money
- Withdrawal is only possible after completing KYC identity verification
- Minimum withdrawal amount is 5 EUR
- Withdrawals are processed in EUR
- Withdrawal processing time is usually 1-5 business days
- Available withdrawal methods and current fees can be found on the credit withdrawal page
- Withdrawal fees range from 0.5 to 3 percent plus a fixed fee, depending on the chosen method and destination country
- Some payment services may charge additional fees
Important Notice
¢ʷᵐ credits exist only on this platform and have no value outside WordMarket. They are virtual units intended exclusively for trading lexical units marked with index ʷᵐ.
Trademarks and ʷᵐ index
Advantage of ʷᵐ index: We create clear legal distinction from original words and trademarks.
How ʷᵐ protects you:
- Platform versions with index ʷᵐ are legally distinct from original words
- Index creates a clear barrier between your version and existing brands
- You have your own platform version independent of the original word
We still recommend caution when:
- Creating content that could be confusing with the original brand
- Using logos or designs similar to original brands
- Claiming that your platform version is related to the original brand
Important notice regarding trademarks
To be safe, avoid purchasing platform versions of well-known brands and trademarks. Although the ʷᵐ index provides some legal protection, in case of a legal dispute with the trademark holder, your platform version may be removed without the possibility of credit refund.
We especially recommend caution with:
- Names of well-known companies and brands
- Registered trademarks
- Popular products and services
- Names of celebrities and public figures
Special rules for names of persons and companies
If you buy a platform version of a person's or company's name that you are not:
- You CANNOT create guides with content related to that person/company
- You CANNOT add images, descriptions or links related to that person/company
- You CANNOT impersonate that person or claim to be related to them
- You CANNOT create content that could be confusing regarding identity
What you CAN do:
- Own the platform version of the name with index ʷᵐ
- Leave the guide blank
- Create content on a completely different topic
- Sell the platform version further
Consequences of violation: Violation of these rules may result in removal of the guide, suspension of the right to create guides, or in extreme cases removal of the platform version without compensation.
The user bears full responsibility for verifying whether the lexical unit is protected and for following the rules when creating content.
The ʷᵐ index protects you in owning the lexical unit, but the content you create for it must respect third party rights.
Content rules for your wordʷᵐ versions
- Quality content: Create informative, interesting and useful content for your platform versions
- Decency: Avoid inappropriate content such as pornography, violence, hate speech
- Respect: Do not use insults, discrimination or harassment
- Originality: Do not use others' protected content without consent
- Truthfulness: Avoid false or misleading information
- Clarity: Clearly indicate that this is your platform version, not the original brand
Basic platform rules
- One account: Each user can have only one account
- Final transactions: All purchases and sales of platform versions are final
- Fair use: Use the platform in accordance with its purpose
- Respect for community: We respect the rights of all users
- Technical limits: Follow technical restrictions (file size, text length)
Account security
- Password responsibility: You are fully responsible for the security of your password and access credentials
- Strong password: Use a password with at least 8 characters, containing letters, numbers and special characters
- No data sharing: Never share your access credentials with third parties
- Suspicious activity: If you suspect unauthorized access, immediately change your password and contact support
- Compromised account: WordMarket is not responsible for losses caused by inadequate security of your account
- Data change: You can change email and password in profile settings with email verification
Credit return and refunds
- Basic rule: All purchases of lexical units are final without the possibility of returning ¢ʷᵐ credits
- No refunds: After purchase confirmation, it is not possible to return ¢ʷᵐ credits for the purchased lexical unit
- Exceptions: ¢ʷᵐ credits will be returned only in case of demonstrable technical error on the platform side
- Content disputes: If your lexical unit is removed due to rule violation, ¢ʷᵐ credits will not be returned
- Service termination: In case of definitive termination of WordMarket, it is not possible to return invested ¢ʷᵐ credits
Financial conditions
- Purchase: You pay ¢ʷᵐ credits for ownership of lexical unit with index ʷᵐ
- Automatic selling price: After purchase, your lexical unit is automatically offered for sale at 10 times the purchase price
- Cannot hide: You cannot turn off sales - every word is always available for purchase at the displayed price
- Price adjustment: You can adjust the selling price in the range of 1 ¢ʷᵐ credit to 10 times the original purchase price
- Value increase: You can invest additional ¢ʷᵐ credits to increase the purchase value of your lexical unit
- Increase effect: When increasing value, the selling price is automatically recalculated (always 10 times the new value)
- Offer system: You can send offers to buy others' lexical units at your suggested price
- Offer validity: Each offer is valid for 24 hours, then automatically expires
- Credit blocking on offer: The offer amount will be temporarily blocked from your ¢ʷᵐ credits until the owner's decision
- Owner's decision: The owner can accept, reject, or let the offer expire
- Credit return: Upon rejection or expiration of the offer, ¢ʷᵐ credits are automatically returned to you
- Commission: 16% of profit from selling your lexical unit is deducted from seller's credits and goes as commission to WordMarket for providing the service
- Services: Advertising 1 ¢ʷᵐ credit, premium chat 1 ¢ʷᵐ credit
- Payouts: Through verified payment methods after KYC verification, ¢ʷᵐ credits are converted at current exchange rate
- VAT: Automatically applied according to country of registration
- KYC verification: Required for higher withdrawal amounts
Tax Obligations (DAC7) - For EU Residents
If you are a resident of a European Union country and your annual sales income reaches 2,000 ¢ʷᵐ credits or 30 sales, the following conditions apply:
- KYC verification: When approaching the limits (25 sales or 1,800 ¢ʷᵐ credits), you will be required to verify your identity
- Reporting to Authorities: WordMarket will report your income to the tax authorities in your country (according to DAC7 directive)
- Tax Return: Filing a tax return and paying income tax is your obligation under the laws of your country
- Deductible Costs: You can deduct the costs of purchasing words and services in your tax return
For users outside the EU: DAC7 does not apply to you, but local tax laws may apply. Check with tax authorities in your country.
Example of pricing and increase functionality:
Purchase: You buy "houseʷᵐ" for 30 ¢ʷᵐ credits → selling price 300 ¢ʷᵐ credits
Increase: You invest another 10 ¢ʷᵐ credits → new value 40 ¢ʷᵐ credits → new selling price 400 ¢ʷᵐ credits
Disclaimer
WordMarket is a technology platform and does not provide legal advice. Our services are provided "as is" without any warranties.
Disclaimer includes:
- Legal disputes related to the content of your platform versions
- Losses caused by changes in legislation
- Technical outages or platform problems
- Losses caused by third party activities
Maximum liability: WordMarket's liability is in any case limited to the amount you paid for our services.
Service termination information
- Digital ownership: Your platform versions exist as long as the platform operates
- Early warning: In case of service termination, you will receive at least 90 days advance email notice
- Data export: Before termination, you will be able to download your content
- Investment nature: Like any investment, this one also carries certain risks
Inactive accounts
- Definition of inactivity: An account is considered inactive if no login or transaction has occurred
- Notice: We will notify you by email at least 30 days before credit forfeiture
- Forfeiture after 5 years: If the account remains inactive for 5 years and you do not respond to our notification, the credit will be forfeited to the platform
- Protection against forfeiture: Simply log in or make any transaction once every 5 years
Credit forfeiture for terms violation
- Fraud or false identity: Credit may be immediately forfeited if fraudulent activity is proven
- Rules violation: Repeated or serious violations may lead to freezing and forfeiture of credit
- Failed KYC verification: If you have credit in your account, want to withdraw it, but KYC verification repeatedly fails and you do not respond to our requests for 2 years, the credit may be forfeited
- Investigation: Before forfeiture, you always have the opportunity to comment and explain the situation
Rule changes
- Regular updates: Rules may be updated with 30-day notice
- Notification: You will be notified of changes by email
- Your options: If you disagree with the changes, you can terminate use of the service
- Continued use: Using the service after changes means agreement with new rules
Contact and support
- Support email: support@wordmarket.sk
- Response time: We respond within 48 hours on business days
- Technical problems: Bug reporting, payment problems, service unavailability
- Account questions: Problems with ¢ʷᵐ credits, transactions, identity verification
- Content and rules: Questions about guides, disputes, rule interpretation
- Business questions: Partnerships, media questions, collaboration
- Communication language: Slovak, Czech, English
Final information
WordMarket is an innovative platform enabling creation and trading of platform versions of words marked with index ʷᵐ. Our goal is to create a creative community that will educate, entertain and connect people through unique platform versions of words.
The ʷᵐ index is not just a technical matter - it is the heart of our platform that ensures legal protection and uniqueness of your investments.
¢ʷᵐ credits provide a transparent and simple way of trading, where 1 credit = 1 EUR ensures clear pricing without complications with exchange rate differences.
Important reminder: Like any new service, WordMarket also carries certain risks. Invest responsibly and in accordance with your possibilities.
Thank you for your interest in WordMarket and we look forward to your participation in our community!