Privacy policy
Effective Date: April 25th 2024
Metamasters DAO Corporation, also known as “Common Wealth” (CW) respects the privacy of our users ("you" or "your"). This Privacy Policy describes the types of information we collect and how we use it in connection with the application, Common Wealth (the "App").
CW are committed to complying with all applicable data protection laws and regulations, including the General Data Protection Regulation (EU) 2016/679 ("GDPR").
Information We Collect
CW collects the following types of information through the App:
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Personal Data: This may include your name, email address, public wallet address, phone number, government identification information (for KYC/AML purposes), and any other information you choose to provide to us. CW only collects personal data that is necessary for the purposes described in this Privacy Policy.
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Device Information: CW may collect information about the device you use to access the App, such as the device model, operating system version, IP address, and unique device identifier.
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Usage Data: CW collects information about how you use the App, such as the features you access, the transactions you make, and the time you spend using the App.
Legal Basis for Processing
CW processes your personal data based on the following legal grounds:
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Contract: CW processes your personal data to fulfill our contractual obligations to you, such as providing you with access to the App and its features.
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Legal Obligation: CW may be required to process your personal data to comply with legal or regulatory requirements, such as anti-money laundering (AML) and know-your-customer (KYC) laws.
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Legitimate Interest: CW may process your personal data for our legitimate interests, such as improving the App, preventing fraud, and providing customer support. CW will only do this when our interests are not overridden by your data protection rights.
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Consent: In some cases, CW may ask for your consent to process your personal data for specific purposes, such as sending you marketing communications.
How CW Uses Your Information
CW uses the information it collects to:
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Provide and operate the App
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Process your transactions
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Identify and verify you
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Prevent fraud and other illegal activities
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Improve the App and develop new features
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Send you important information about the App, such as security updates and service announcements
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Send you marketing communications (with your consent)
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Comply with legal and regulatory requirements
Data Retention
CW will retain your personal data for as long as it is necessary to fulfill the purposes described in this Privacy Policy, unless a longer retention period is required or permitted by law.
Your Data Protection Rights
You have certain data protection rights under the GDPR. These rights include:
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The right to access your personal data
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The right to rectification of inaccurate personal data
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The right to erasure of your personal data
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The right to restrict the processing of your personal data
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The right to data portability
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The right to object to the processing of your personal data
You can exercise these rights by contacting us at [email protected].
Security
CW takes reasonable steps to protect your personal data from unauthorized access, disclosure, alteration, or destruction - including encrypting all personal information in transmission and at rest. However, no internet transmission or electronic storage method is completely secure.
Children's Privacy
The App is not intended for children under the age of 18. CW does not knowingly collect personal data from children under 18. If you are a parent or guardian and you believe that your child has provided us with personal data, please contact CW immediately.
Changes to this Privacy Policy
CW may update this Privacy Policy from time to time. CW will notify you of any changes by posting the new Privacy Policy on the App.
Contact CW
If you have any questions about this Privacy Policy, please contact us at [email protected]
Additional Information for Users in the EU
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Data Transfer: Your personal data may be transferred to countries outside the European Economic Area (EEA) for the purposes described in this Privacy Policy. CW will only transfer your personal data to countries that have an adequate level of data protection or where CW have put in place appropriate safeguards, such as standard contractual clauses approved by the European Commission.
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Data Protection Officer: CW have appointed a Data Protection Officer who is responsible for overseeing compliance with data protection laws and regulations. You can contact the Data Protection Officer at [email protected]
This Privacy Policy is intended to be compliant with the GDPR. You may have additional rights under other data protection laws and regulations that apply to you.