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The other day I heard someone use the word "żuk" referring to a bug, and I think it fits amazingly well.

Is it pronounced like Russian “Zhuk”?

Yes, exactly.

Means hiccup

Indeed! I'm from Sweden, where 'kopia' is Swedish for the English word 'copy'. Same meaning in Polish?

It means both "copy" and "lance" (as in: weapon used for jousting), hence the logo.