The Epik website wasn't that clear to me, but this is what I understand:
Epik gets its content from something similar to an encyclopedia. The content is original, and only gets used once at a time.
For example, if you have a geo domain related to Paris, but a similar domain is already being used under the monetisation program, then your domain would not be accepted (as the 'Paris content' is already being used). However, your Paris domain could be accepted at a later date if the other domain is no longer using the program.
The steps Epik is taking will help avoid duplicate content issues with search engines, which is obviously a good thing.
Is that your understanding of the program as well?
Edit: Oops, just noticed Jeff's earlier post explaining how the program works...