VOKABUL8™ (FAQ)
What is English Vocabulary?
English Vocabulary is simply a body of words used in the English Language.
Vokabul8™: What is it and why is it important?
Vokabul8™ is the world’s pioneer English Vocabulary Betting and Social Platform. Vokabul8™ provides a secure platform where users can challenge themselves on their mastery of the English Vocabulary by offering four (4) innovative English word games that users can participate in and they are; (1) What’s the Word? (2)Letterof Fortune (3) Golden Number (4) The Ultimate Challenge. Our value-added services guarantees users limitless fun time as they socialize and play with friends, improve their English Vocabulary by learning new words and meanings, as well as loads of opportunities to win unlimited cash.
Who developed Vokabul8™?
Vokabul8TM was developed in 2021 by VCIU®. The idea behind Vokabul8TM was designed by VCIU® in 2003. This idea scientifically described how the system would function.
What is a Vokabul8™ Wallet?
Just like the name suggests, a Vokabul8TM Wallet is an application that stores, sends, and receives VeightCoinTM. You can think of it like you would a leather wallet full of physical cash. Also, our innovative English Vocabulary games have features that add value to your VeightCoinTM using experience.
What is double-spending?
Double-Spending is the act of using the same VeightCoinTM twice. Our system protects against double-spending by verifying each recorded transaction. The electronic ledger ensures that every transaction is recorded. This protocol makes each unique VeightCoinTM and its subsequent transaction legitimate. If a user tries to duplicate a transaction, the original ledger deterministic functions would change showing the system that it is counterfeit and would not be processed.
How much do I have to stake to play any of the games on Vokabul8™?
The minimum stake on ‘What’s the Word?’ ‘Letter of Fortune’ and ‘Golden Number’ is one (1) VeightCoin™. However, stakes on ‘Ultimate Challenge’ are set by the creators of each challenge rooms. VeightCoin™ is the only accepted currency on the Vokabul8™ Platform.
Can I play from anywhere in the world?
Vokabul8™ is an online english vocabulary gaming platform and it can be accessed online on mobile and desktop devices. You can participate from anywhere in the world irrespective of your location by simply visiting www.vokabul8.net . However, it is solely at your discretion to check if it is legal to participate in our service according to the laws of the country where you live.
How can i bet on Vokabul8™?
Before you send in your answer entry on games 1, 2, and 3 as stated above, ensure that your Vokabul8™ Account has sufficient VeightCoin™ to fund your stake. Once this is processed by our system, immediately you send your answer entry, the participation fee will be deducted from your available Vokabul8™ account balance.
Is there a minimum age limit for participation?
Before registering a Vokabul8™ Account you must ensure that you are 18 years old or above.
How can I play any of the games on Vokabul8™?
To participate in Vokabul8™ follow these simple steps;
- register an account on www.vokabul8.net
- login to your account
- fund your electronic wallet with VeightCoin™.
VeightCoin™ will be deducted from your available VeightPay™ account balance. You are required to have a VeightPay™ account with sufficient VeightCoin™ to fund your Vokabul8™ Account.
Once you have successfully funded your Vokabul8™ Account, you can participate in any game of your choice.
What can Vokabul8™do?
The Vokabul8™ game can change the gaming, social, and learning framework we see today. The system can act as a game, social network, learning platform and so much more.
How do Vokabul8™ transactions work?
A user must have an existing VeightPay™ Account and a Vokabul8™ Wallet(which is associated with every existing user account) before executing a transaction.
You can only credit your Vokabul8™ wallet with VeightCoin™ if you have sufficient VeightCoin™ on your VeightPay™ Account.
You can only withdraw VeightCoin™ from your Vokabul8™ Wallet by simply transferring VeightCoin™ to your VeightPay™ Account. Once your VeightPay™ Account has been credited, you can sell VeightCoin™ on www.veightpay.com and the local currency equivalent will be credited into your local bank account you provide.
What are the fees involved in using Vokabul8™?
Registration on Vokabul8™ is free. www.vokabul8.net does not charge any fee to register an account.
What does “unconfirmed transaction” mean?
An unconfirmed (or queued) transaction is a pending transaction in our system that the system has not yet confirmed. Typically, confirmation takes few minutes. However, as the popularity of the Vokabul8™ increases, system confirmation times may increase quite a bit. This is due to the security mechanism we have put in place to protect and secure user transactions. There is a solution in the works to deal with this issue, as well as round-the-clock discussions within the Vokabul8™ community and our team of researchers on the best way to go about this process. We have put in place a mechanism that will ensure our users have a memorable experience using Vokabul8™ as their preferred game.
Is Vokabul8™ legal?
Vokabul8™ is a legal entity and it is legal in several jurisdictions across the world