Last updated: December 3, 2018
The policies in this statement apply to Storecoin, Inc., Footprint Labs Inc., their subsidiaries and affiliates (collectively, “Storecoin”). This policy and any updates to the policy in the future shall also include all current and future subsidiaries or affiliates of Storecoin (including, but not limited to Storecoin, Inc., the Storecoin Foundation, Footprint Labs Inc., and any Footprint Labs subsidiaries around the world.). These entities may include both for-profit and non-profit organizations.
Users include individuals submitting personally identifiable information as part of the Identity Verification Process per the terms of the Token Sale.
Storecoin’s mission is to expand commerce and trade by eliminating transaction fees in payments. Through governance, the p2p protocol can evolve to power compute for smart contracts, to zero-fee transactions in the cash register, and beyond. The data Storecoin collects as part of its Identify Verification Process is required to comply with a wide range of national laws and regulations regarding the issuance of securities and prevention of money laundering.
In order to comply with different national laws and regulations to execute the Token Sale, Storecoin must conduct an identity verification check. An identity verification check requires individuals to provide personally identifiable information. This information includes biographical information, images of government-issued identifications (e.g. a passport) and, comparing that information with information provided by appropriate government agencies.
The entire process involves three entities: Storecoin, Onfido, and government authorities.
Storecoin collects three pieces of information from users in order to complete the form located at storeco.in/kyc: First Name, Last Name, and email address. Users submit this data via Storecoin’s website, where we may use third-party service providers to manage the data.
Storecoin may share information with other third parties contracted to perform tasks on our behalf for the purpose of the Identity Verification Process. Onfido, for example, is a contracted third party. Where legally possible, Storecoin takes steps to protect the information shared with third parties by including privacy and security safeguards in contracts on the recipients of the information.
Third party service providers
Storecoin may also share information with external parties, in addition to Onfido, that are performing tasks on our behalf (including our affiliates), and with other companies, organizations, government bodies, and individuals outside of Storecoin where we have a legitimate legal reason for so doing. For example, if additional information is required as part of the identity verification process.
Government Data Requests
Where required by applicable law, Storecoin may be legally obligated to disclose a user's information to a government authority. This might include when Storecoin is required to disclose personal information to respond to court orders, legal process, or subpoenas; or, to establish or exercise our legal rights or defend against legal claims. Any request Storecoin might receive by government authorities must strictly adhere to the due process of United States law and be subject to judicial oversight.
Other Data Sharing
Please contact Storecoin if you would like to access a copy of your information we maintain, or to have your information deleted, at [email protected]
Please be aware that Storecoin only stores First Name, Last Name, and email address. Requests to manage other data, such as images and personally identifiable information collected as part of the Identify Verification Process are maintained by Onfido, and all requests regarding that data must go directly to Onfido.
Children’s Personal Information
We do not knowingly request of collect personal information from any person under the age of 18. If a user submitting personal information is suspected of being younger than 18 years of age, Storecoin will not allow participation in the Token Sale.
California Privacy Rights
If you are a California resident, you have the right to request information from us regarding the manner in which we share certain categories of your personal information with third parties for the third parties' direct marketing purposes. California law provides that you have the right to submit a request to us at our designated address and receive the following information: (a) the categories of information we disclosed to third parties for the third parties' direct marketing purposes during the preceding calendar year; and (b) the names and addresses of third parties that received such information, or if the nature of their business cannot be determined from the name, then examples of the products or services marketed.
You are entitled to receive a copy of this information in a standardized format and the information will not be specific to you individually. You may make such a request by emailing [email protected]labs.co.
This policy is only in in English. For a non-English translation, please contact Storecoin using the contact information below. Please be aware that any non-English translation of this Policy is provided for convenience only. In the event of any ambiguity or conflict between translations, the English version is authoritative and controls.
If you would like more information about how Storecoin collects and uses information, please contact Storecoin at [email protected], or send a letter by post to:
340 S. Lemon Avenue, Suite 9117
Walnut, CA 91789
Nothing herein is intended to be an offer to sell or solicitation of offer to buy, Storecoin tokens or rights to receive Storecoin tokens in the future. In the event that Storecoin conducts an offering of Storecoin tokens (or rights to receive Storecoin tokens in the future), Storecoin will do so in compliance with all applicable laws which may include the Securities Act of 1933 and the rules and regulations promulgated thereunder, as well as applicable state and foreign law. Any offering for sale to US Persons in a regulated transaction will be pursuant to a registration statement qualified by the Securities and Exchange Commission, or an applicable exemption from the registration requirements.