Terms and Conditions
Platform rules, 72-hour escrow protection, 93% creator royalties, and dispute policy
1. Introduction & Acceptance
By accessing, browsing, or using GUINEX ("Platform," "we," "us," "our"), available at guinex.in, you ("User," "you," "your") agree to be bound by these Terms and Conditions ("Terms"). If you do not agree with any part of these Terms, you must discontinue use of the Platform immediately.
GUINEX operates as an innovation and project marketplace where creators upload engineering source codes, documentation, circuit designs, research reports, and hardware schematics for learners to access using Guinea Points (GP), a virtual platform utility token.
2. Definitions
| Term | Definition |
|---|---|
| Platform | The GUINEX website, available at guinex.in, including all pages, features, and services. |
| GP (Guinea Points) | The Platform's virtual currency. 1 GP = ₹1 INR. Used for unlocking projects, paying for orders, and receiving creator earnings. |
| Creator | A registered user who uploads original projects to the Platform for other users to access. |
| Buyer | A registered user who spends GP to unlock or purchase projects on the Platform. |
| Escrow / Pending | The 72-hour holding period during which creator earnings are withheld to allow buyer verification. |
| GUINEX ID | A unique, permanent username chosen by the user (e.g., @satyabrata) that serves as their platform identity. |
3. Eligibility & Account Registration
- You must be at least 16 years of age to register and use the Platform. Users under 18 should have parental or guardian consent.
- You must provide accurate, current, and complete registration information (full name, valid email address).
- You are responsible for maintaining the confidentiality of your account credentials. Any activity under your account is your responsibility.
- Each person may maintain only one account. Multiple accounts by the same individual are prohibited.
4. 72-Hour Buyer Protection (Escrow)
Every project unlock triggers an automatic 72-hour escrow window to protect buyers from defective, incomplete, or plagiarized submissions.
- Upon unlocking a project, the creator's share (93%) enters Pending Earnings — not their Available Balance.
- During the 72-hour window, buyers can test the code, verify documentation accuracy, and communicate with the creator.
- If the project has critical defects (missing files, broken code, malware), the buyer can file a dispute before funds release.
- After 72 hours with no disputes, Pending Earnings automatically transfer to the creator's Available Balance.
5. Creator Royalties (93% Split)
- When a buyer unlocks a project, the GP price is split: 93% to the creator and 7% to the Platform.
- Creators retain 100% intellectual property ownership of their source code, circuit designs, and documentation.
- Withdrawal requests are processed via UPI (minimum withdrawal: 100 GP) within 24 to 48 hours.
6. Governing Law & Jurisdiction
These Terms are governed by and construed in accordance with the laws of India. Any disputes arising from these Terms or your use of the Platform shall be subject to the exclusive jurisdiction of the courts in Odisha, India.
