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IOWF IP Trading Market: Terms & Guidelines

Welcome to the IOWF IP Trading Market, an innovative platform where authors, filmmakers, and fans can engage in a dynamic exchange of "Virtual Rights" tied to exclusive audiovisual content. Below, you’ll find a detailed explanation of how the market operates, its rules, and how to participate.

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Market Structure

 

The IP Trading Market is divided into two phases:

1. Primary Market

  • Eligibility: Only authors of digital content officially selected for IOWF can participate.

  • Virtual Rights Allocation: Authors must allocate at least 50% of their Virtual Rights to join this phase.

  • Playlist Creation: IOWF organizes content into Playlists containing at least 3 episodes or short films. These are evaluated based on technical scores and fan-base metrics.

  • Quota System: Each playlist is divided into a minimum of 3 quotas (one per content) or multiples thereof.

  • Auction Process: Quotas are auctioned with a starting price set by IOWF. Auctions last 24, 48, or 72 hours. Winning bids secure quotas, which are transferred to the buyer’s virtual wallet.

  • Benefits for Quota Holders: Access to exclusive content previews and daily accrual of Virtual Royalties.

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2. Secondary Market

  • Eligibility: Open to all participants, including fans and investors.

  • Trading Mechanism: Quotas can be resold or acquired at a minimum price, defined by the lowest winning bid from the Primary Market.

  • Demand-Based Negotiation: If demand exceeds the number of available quotas, top bidders secure the remaining quotas.

  • Royalties: Quota holders continue to earn Virtual Royalties from the playlists, starting the day after the transaction.

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Virtual Currency: Virtual Coins

  • Standard Allocation: Entry-level participants receive 100 Virtual Coins.

  • Premium Allocation: VIP or PREMIUM Pass holders receive a minimum of 300 Virtual Coins.

  • Usage: Virtual Coins can be used to bid on quotas and trade within the market.

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Key Rules and Guidelines

  1. Fair Participation: Auctions in the Primary Market are time-bound and open only to eligible authors.

  2. Transparency: All transactions are logged, and playlist quotas are allocated based on clear metrics.

  3. No Real-World Claims: Virtual Rights are exclusive to IOWF and do not substitute or transfer real copyrights.

  4. Time-Limited Rights: Virtual Rights and royalties are valid only within the specified duration.

  5. Responsibility: Participants must ensure compliance with IOWF’s guidelines; disputes are resolved within the festival’s ecosystem.

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How to Get Started

  1. Register: Sign up for the IOWF IP Trading Market via your festival account.

  2. Acquire Virtual Coins: Entry-level participants receive coins upon registration, with bonuses for VIP or PREMIUM Pass holders.

  3. Explore Playlists: Browse the curated playlists and place your bids during the auction phase.

  4. Trade: Buy, sell, or hold quotas in the Secondary Market to maximize Virtual Royalties.

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