DropCoin Privacy Policy

Last updated: November 3, 2018

The purpose of this Privacy Policy is to describe how DropCoin collects, uses and discloses information about you through DropCoin tokens and the DropCoin network, including the dropcoinproject.io website, dropcoinportal.net, and promotional coins generated on the DropCoin network (collectively, the “DropCoin Network” or "Network").

The DropCoin Network may provide you with additional privacy notices where it believes it is appropriate to do so. Those additional notices supplement and should be read together with this Privacy Policy. In addition, this Privacy Policy is subject to the DropCoin Token Acceptance and Terms of Use (the “Terms”), which are expressly incorporated by reference herein, with specific reference made to Sections 9 and 10 of the Terms concerning Limitation of Liability and Dispute Resolution.

1. Who Is Responsible for Your Personal Data

The DropCoin Network is a network of participants operating on a distributed ledger platform with no persons or entities formally “in charge.” However, members of the Network have been nominated and appointed to perform certain functions on the Network’s behalf. As of the date this Privacy Policy was last updated, DropCoin Network Representive Rene Katerberg, was responsible for the processing of your personal data.

If you reside or are located in the European Union ("EU"), DropCoin Network Representive Rene Katerberg is the data controller of all Personal Data (as defined below) collected via the Site and of certain Personal Data collected from third parties.

2. Notice of Intention to Transfer Data Controller Responsibility

From time to time in the future, DropCoin Network Representive Rene Katerberg may initiate a proposal to the DropCoin masternode community to transfer data controller responsibility under this Privacy Policy. If and when data controller responsibility is transferred pursuant to this Section, an update of this Privacy Policy will be made available on dropcoinproject.io (the “Site”).

3. What Information Does DropCoin Receive About You

This Privacy Policy covers information DropCoin collects from you through the DropCoin Network. In order to access certain features of the Network, you may need to submit, or the Network may collect, "Personal Data" (i.e., information that can be used to identify you). Personal Data can include information such as your name, email address, social media information such as Facebook login, G Suite, Twitter or Linkedin, DropCoin receiving wallet address, and similar data.

In addition, Personal Data that may be collected includes your name, address, telephone number, e-mail address, date of birth, taxpayer identification number, government identification document, and other relevant information which are customary or may be required in order to comply with Know Your Customer and Anti-Money Laundering (KYC/AML) laws.

4. How Does DropCoin Collect Personal Data?

DropCoin may gather the following types of information about users through the Site or the Network:

a. • Information relating to your use of the Site. When users access the Site, DropCoin may track, collect and aggregate information indicating, among other things, which pages of our Site were visited, the order in which they were visited, when they were visited, and which hyperlinks were "clicked." DropCoin may also collect information from the URLs from which you linked to the Site. Collecting such information may involve logging the IP address, operating system and browser software used by each user of the Site. DropCoin may be able to determine from an IP address a user's Internet Service Provider and the geographic location of his or her point of connectivity. DropCoin may also use cookies and web beacons when you visit the Site (see below).

b. • Personally Identifiable Information provided directly by you or via third parties. DropCoin collects Personal Data that you provide through the Site when you register for an account, update or change information for your account, complete a survey, sign-up for email updates or Alerts, send Network email messages, and/or participate in other features of the Site or through the Network. DropCoin may use the Personal Data that you provide to respond to your questions, and email messages about Site maintenance or updates.

DropCoin may also receive Personal Data when you access or log-in to a third party site, e.g., Facebook, from the Site. This may include the text and/or images of your Personal Data available from the third party site.

c. • Communications Concerning DropCoin. DropCoin may receive Personal Data when you send an email message or otherwise contact the DropCoin Network.

5. How Does DropCoin Use Your Personal Data

a. KYC and AML review. DropCoin may use your Personal Data to verify your identity as a part of a KYC/AML review and to compare it with sanction lists and/or other similar lists issued by government authorities. Processing of this information is necessary for DropCoin’s legitimate interest in preventing fraud or other financial crime, and complying with statutory and regulatory requirements in relation to anti-money laundering and terrorist financing investigation and prevention.

b. Informational Emails. If you consent to DropCoin doing so at the time you provide your Personal Data, DropCoin may use your contact details to send you certain information that will be of interest to you. You have the right to withdraw your consent at any time by following the instructions to “opt-out” of receiving communications or by contacting DropCoin as indicated below.

c. Government Authorities, Legal Rights and Actions. DropCoin may share your Personal Data with various government authorities in response to subpoenas, court orders, or other legal process; to defend against legal claims; or as otherwise required by law. In such cases DropCoin reserves the right to raise or waive any legal objection or right available. DropCoin also may share your Personal Data when DropCoin believes it is appropriate to investigate, prevent, or take action regarding illegal or suspected illegal activities; to protect and defend the rights, property, or safety of the DropCoin Network, the Site, DropCoin users or others.

d. DropCoin Network Participants. Pursuant to an assignment of the Sites from the DropCoin Launch Vehicle, Inc. (“DLV”), DropCoin Network Representive Rene Katerberg granted shareholders of the DropCoin Launch Vehicle, Inc. a non-exclusive, fully paid and royalty-free, worldwide, limited license to use, convey, transfer, reproduce, and translate any and all information collected or maintained by the Sites, including user information, information about DropCoin tokens, and promotional coins generated on the DropCoin network.

e. External Links. For your convenience DropCoin may provide links to sites operated by organizations other than DropCoin ("Third Party Sites") that may be of interest to you. DropCoin does not disclose your Personal Data to these Third Party Sites without obtaining your consent. DropCoin does not endorse and is not responsible for the privacy practices of these Third Party Sites. If you choose to click on a link to one of these Third Party Sites, you should review the privacy policy posted on the other site to understand how that Third Party Site collects and uses your Personal Data.

6. Cookies

DropCoin uses cookies to operate and administer the Site and gather usage data on it. Cookies are small text files that are placed in browser directories on your computer or mobile device when you visit a website. DropCoin uses or may use cookies and/or web beacons to help identify repeat visitors, the type of content and sites to which a Site user links, the length of time each user spends at any particular area of the Site, and the specific functionalities that users choose to use. To the extent that cookies data constitutes Personal Data, DropCoin processes such data on the basis of your consent.

DropCoin uses both session and persistent cookies on the Site and may use the following types of cookies to run the Site: Essential cookies are necessary for the operation of the Site. DropCoin may use essential cookies to authenticate users, prevent fraudulent use of user accounts, or offer Site features. Analytical / performance cookies allow DropCoin to recognize and count the number of visitors and see how visitors move around the Site when using it. This helps DropCoin improve the way the Site works. Functionality cookies are used to recognize you when you return to the Site. This enables DropCoin to personalize content for you, greet you by name, and remember your preferences (for example, your choice of theme). Targeting cookies record your visit to the Site, the pages you have visited, and the links you have followed. DropCoin will use this information to make the Site more relevant to your interests. DropCoin may also share this information with third parties for this purpose. Third-party cookies report usage statistics of the Site. Tracking cookies follow on-site behavior and tie it to other metrics allowing better understanding of usage habits. Optimization cookies allow real-time tracking of user conversion from different marketing channels to evaluate their effectiveness. Partner cookies provide marketing conversion metrics to DropCoin partners so they can optimize their paid marketing efforts.

If you'd like to delete cookies or instruct your web browser to delete or refuse cookies, please visit the help pages of your web browser. By continuing to use the Site without changing your settings, you consent to DropCoin’s use of cookies.

Please note, however, that if you delete cookies or refuse to accept them, you might not be able to use some or all of DropCoin’s features. You may not be able to log in, store your preferences, and some Site pages might not display properly.

7. How Long DropCoin Will Keep Your Personal Data

DropCoin will retain your Personal Data for as long as is necessary for the purpose for which it was collected. DropCoin will further retain your data to comply with legal and regulatory obligations, for as long as claims could be brought against DLV or DropCoin, and as long as required for legitimate interests such as data security.

If you have elected to receive informational communications from DropCoin, information about your preferences will be retained until you opt out of receiving these communications and in accordance with DropCoin policies. To determine the appropriate retention period for your personal data, DropCoin will consider the amount, nature, and sensitivity of the Personally Identifiable Information, the potential risk of harm from unauthorized use or disclosure, the purposes for which DropCoin uses your Personal Data and whether DropCoin can achieve those purposes through other means, and the applicable legal requirements.

8. No Guarantee of Security

Because the Internet is not a 100% secure environment DropCoin cannot guarantee the security of Personal Data. There is some risk that an unauthorized third party may find a way to circumvent DropCoin’s security systems, or that transmission of your Personal Data over the Internet will be intercepted. It is your responsibility to protect the security of your login information. Please note that e-mail communications are typically not encrypted and should not be considered secure.

9. International Privacy Practices

DropCoin’s Sites are primarily operated and managed on servers located and operated within the United States. In order to operate the Network, DropCoin may send and store your Personal Data outside of the country where you reside or are located, including in the United States. Accordingly, if you reside or are located outside of the United States, your Personal Data may be transferred outside of the country where you reside or are located, including to countries that may not or do not provide the same level of protection for your Personal Data.

10. Your Rights

Pursuant to potentially applicable data protection laws, you may have rights that you can exercise under certain circumstances in relation to the Personal Data maintained by DropCoin. These rights may include:

a. Request access to your Personal Data and certain information in relation to its processing;

b. Request rectification of your Personal Data;

c. Request the erasure of your Personal Data, unless DropCoin has a legitimate basis to continue to process your Data;

d. Request that DropCoin restrict or “block” the processing of your Personal Data in certain circumstances, such as where you contest the accuracy of the Data or object to DropCoin processing it;

e. Object to the processing of your Personal Data at any time. DropCoin will comply with this request unless there are legitimate grounds to continue processing it;

f. Request portability, i.e. obtain your Personal Data. DropCoin will give you your Personal Data in a structured, commonly used and machine-readable format; and

g. Lodge a complaint with the competent data protection authority, if you have a concern about DropCoin’s privacy practices, including the way DropCoin handled your Personal Data.

Moreover, if you have provided your consent to the collection, processing and transfer of your Personal Data for a specific purpose, you have the right to withdraw your consent for that specific processing at any time. Once DropCoin has received notification that you have withdrawn your consent, DropCoin will no longer process your information for the purpose or purposes you originally agreed to, unless DropCoin has another legitimate basis for doing so.

Withdrawal of consent will not affect any processing of your data before DropCoin received notice that you wished to withdraw consent. DropCoin may refuse to provide access if the relevant data protection legislation or other legislation, in particular the attorney client privilege, allows or obliges us to do so, in which case DropCoin will provide reasons for our decision as required by the law.

If you would like to exercise any of these rights, please contact DropCoin in writing by email to: [email protected] Consent can be withdrawn at any time by navigating to your profile page and clicking the box to remove consent or deleting your account.

11. Changes to the Privacy Policy

Please note that this Privacy Policy is subject to change. Any change, update, or modification will be effective immediately upon posting on the DropCoin Site. DropCoin will notify you of any material change to this Privacy Policy by posting a notice on the Site's homepage for a reasonable period of time following such update, and by changing the effective date (located at the top of this page). Be sure to return to this page periodically to ensure familiarity with the most current version of this Privacy Policy.

12. Contact DropCoin

Please feel free to contact DropCoin if you have any questions about this Privacy Policy or to exercise your rights in relation to your Personal Data. You may contact DropCoin by sending an email to [email protected]

If you are an individual in the EU, you can also contact VeraSafe , who has been appointed as DLV’s representative in the EU pursuant to Article 27 of the General Data Protection Regulation, only on matters related to the processing of Personal Data.

To make such an inquiry, please contact VeraSafe using this contact form: https://www.verasafe.com/privacy-services/contact-article-27-representative