Private Policy
Last modified: 13th August, 2024
This Privacy Policy (the “Policy”) explains how SphereX Labs Inc. (“SphereX”, “we”, “us” or “our”) collects, uses, and shares data in connection with the SphereX website (https://sx.xyz) and all related services (the “Services”). By accessing or using the Services, you agree to this Policy.
1. Data We Collect
We collect minimal data necessary to operate and improve our Services. The types of data we may collect include:
1.1 Publicly Available Blockchain Data
Blockchain Transactions: When you connect your non-custodial wallet to our Services, we collect and log your publicly available blockchain address to monitor and improve the platform. We may screen your wallet using blockchain analytics providers to detect and prevent illicit activities.
1.2 Non-Identifiable Data
Device and Usage Information: We may collect non-identifiable information such as device type, browser version, operating system, and other technical data to enhance your experience and improve our Services. This information is collected using cookies, localStorage, and other tracking technologies.
1.3 Voluntary Information
Email Communication: If you voluntarily provide your email address (e.g., for receiving updates), we will store this information solely for communication purposes. You can unsubscribe at any time, and we do not link your email to your wallet address or other personal data.
2. How We Use Data
We use the data we collect for the following purposes:
Providing and Improving Services: To provide, maintain, and improve our Services and features.
Customer Support: To respond to inquiries and provide support related to our Services.
Safety and Security: To protect against, investigate, and stop fraudulent, unauthorized, or illegal activity.
Legal Compliance: To comply with applicable laws and regulations.
Aggregated Data Analysis: To analyze usage patterns and trends to enhance the user experience.
3. How We Share Data
We may share the data we collect in the following circumstances:
With Service Providers: We may share your information with third-party service providers who assist us in delivering and improving the Services. These providers are required to use your data solely for the purposes we specify.
Legal Obligations: We may share data to comply with legal obligations, such as in response to subpoenas, court orders, or other legal processes.
Business Transactions: In the event of a merger, acquisition, bankruptcy, or other business transaction, your data may be transferred as part of the transaction.
With Your Consent: We may share your information with your consent or at your direction.
4. Cookies and Similar Technologies
We use cookies and similar technologies to enhance your experience on our Website. Cookies help us understand how you interact with our Services and enable certain functionalities. You can manage or disable cookies through your browser settings, but this may affect your ability to use certain features.
5. Data Security
We implement and maintain reasonable administrative, physical, and technical security measures to protect your data from unauthorized access, disclosure, or misuse. However, please note that no security system is impenetrable, and we cannot guarantee the security of your information.
6. Data Retention
We retain non-identifiable data for as long as necessary to fulfill the purposes outlined in this Policy. Blockchain data is immutable and cannot be deleted or altered.
7. Children's Privacy
Our Services are not intended for individuals under the age of 18. We do not knowingly collect personal information from minors. If you believe we have collected information from a minor, please contact us so we can take appropriate action.
8. Third-Party Links and Services
Our Services may contain links to third-party websites and services that are not operated or controlled by us. We are not responsible for the privacy practices of these third parties, and we encourage you to review their privacy policies.
9. Changes to this Policy
We may update this Privacy Policy from time to time to reflect changes in our practices or applicable laws. We will notify you of any material changes by posting the updated Policy on our Website. Your continued use of the Services after any changes indicates your acceptance of the updated Policy.
10. Contact Us
If you have any questions or concerns about this Privacy Policy, please contact us at contact@sx.xyz.
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