PRIVACY POLICY
Last Updated: 06/10/2022
Contents
B) HOW DO YOU ACCEPT THIS POLICY? 1
C) WHAT KIND OF DATA IS PROCESSED? 2
D) HOW IS YOUR DATA COLLECTED? 2
E) FOR WHAT PURPOSES DO WE PROCESS YOUR DATA? 3
F) WHO CAN ACCESS YOUR DATA? 3
G) HOW INFORMATION IS STORED AND SECURED 4
H) INFORMATION CHOICES AND CHANGES 5
İ) CHANGES TO THIS PRIVACY POLICY. 5
Lidyan Pte Ltd (from hereinafter referred to as “panea”, “we” or “us”), its website (www.panea.com), and its mobile applications (both hereon referred to as “Sites”) adopt the following privacy policy for any user who registers with either one of these sites (from hereinafter referred to as “User”, or “Users” in plural).
panea is a non-custodial web3 wallet and provides its users access to various decentralized applications, where the user can benefit without having to consult panea. (from hereinafter referred to as “Service”)
Your right to privacy and the protection of your personal data is important to us. The following sections provide further details as to how we process your personal information through panea.
This privacy policy contains information about the process of collecting personal and private information (from hereinafter referred to as “Data”) from Users under this privacy policy (from hereinafter referred to as “Policy”). If you have any questions or concerns about this policy, please reach out to us at support@panea.com
By using panea, including downloading one of our mobile applications or visiting our website, you agree to the use, disclosure, and procedures outlined in this Policy.
panea gets information about you in a range of ways such as; directly from you, panea’s own technology, and from third party sources in order to maintain the results you expect from its Services.
Information we collect from you may include:
Identity information; such as your first name, last name, username or similar identifier, title, date of birth and gender, official ID identifiers;
Contact information; such as your email address and phone number;
Profile information; such as your username and password, preferences, feedback and survey responses, your actions on the application and the website;
Marketing information; such as your preferences for receiving marketing communications and details about how you engage with them, IDFA data if consented;
Financial information; such as your wallet address on the blockchain, bank account number and bank routing number, financial assets holdings;
Usage information; such as information about how you use the Service and interact with us.
We collect your data by the procedures below:
Collected data panea holds from the website: The website at the initial stage is going to have an early access feature for those who want to be an early adopter. Your e-mail address is going to be saved for this reason, other than the e-mail address no other information is going to be held.
Collected data from users who have installed the application but didn’t register: No information is held on the user apart from their IDFA data (if you allowed), any but is not associated with any personal information.
Collected data from users who have installed the application and registered: Phone number, E-mail address, IDFA data (if you allowed), your wallet address on the blockchain.
Collected data from users who have installed the application, registered and went through the ID verification processes: Phone number, E-mail address, IDFA data (if you allowed), your wallet address on the blockchain, ID information, as in name & surname, Date of Birth, Official ID identifiers and their content (Depending on what kind of document you’ve shared, the documents you’ve shared).
Collected data from users who have installed the application, registered & went through the deposit & withdrawal processes: Phone number, E-mail address, IDFA data (if you shared), your wallet address on the blockchain, ID information, as in name & surname, Date of Birth, official ID identifiers and their content (Depending on what kind of document you’ve shared, the documents you’ve shared), Assets you have gotten in or out of your accounts.
Data collected by third parties to benefit from our Services: User actions on the application and website are being tracked via 3rd party tools, such as Amplitude, Google Analytics, and some other customer communication tools. Also, panea might partner up with On-ramp companies, where these companies do the ID Verification & converting fiat into crypto.
To provide our service, panea will use your personal information in the following ways:
To comply with law, panea will use your personal information in the following ways;
To communicate with you, panea will use your personal information in the following ways;
To optimize our platform, panea will use your personal information in the following ways;
panea will use some of your personal information with your consent
We do not share the personal information that you provide us with other organizations without your express consent, except as described in this Privacy Policy. We disclose personal information to third parties under the following circumstances:
Affiliates: We may disclose your personal information to our subsidiaries and corporate affiliates for purposes consistent with this Privacy Policy.
Business Transfers: We may share personal information when we do a business deal, or negotiate a business deal, involving the sale or transfer of all or a part of our business or assets. These deals can include any merger, financing, acquisition, bankruptcy transaction, or proceeding.
Compliance with Laws and Law Enforcement: We may share personal information for legal, protection, and safety purposes. We may share information to comply with laws, to respond to lawful requests and legal processes, and to protect the rights and property of the Company, our agents, and customers.
We may share information in an emergency. This includes protecting the safety of our employees and agents, our customers, or any person.
Professional Advisors and Service Providers: We may share information with those who need it to do work for us. These recipients may include third-party companies and individuals to administer and provide the Service on our behalf (such as customer support, hosting, email delivery, and database management services), as well as lawyers, bankers, auditors, and insurers.
Other: You may permit us to share your personal information with other companies or entities of your choosing. Those uses will be subject to the privacy policies of the recipient entity or entities.
We may also share aggregated and/or anonymized data with others for their own uses.
panea reserves the right to keep data collected during a statute of limitations period set forth in the applicable legislation. This right is limited to the extent necessary for panea in proportion to a specific User purpose in order to fulfill services within the scope of Section E.
Where data are stored and processed, depends on how the data is collected.
We can store your personal information partially or entirely including transactional information, payment information, or bank account information. We actively protect your personal information by using various security methods which are not limited to but include physical and electronic measures with the applicable laws and regulations
Your data can be stored in, but is not limited to in following service providers; cloud storage, payment processing companies, document repositories, customer support, data analytics, and ISPs.
Data collected through third parties, such as user actions, are stored and processed at Virtual Private Clouds, mainly on Amazon web services and similar applications in a third country instead of the distributed storage. By accepting and using the Services, User gives explicit consent to panea to transfer the data to a third country.
Prescribed security measures from the country’s legislation are obeyed.
panea employs industry-standard security measures designed to protect the security of all information submitted through the Services. However, the security of information transmitted through the internet can never be guaranteed. We are not responsible for any interception or interruption of any communications through the internet or for changes to or losses of data. Users of the Services are responsible for maintaining the security of any password, biometrics, user ID or other form of authentication involved in obtaining access to password protected or secure areas of any of our digital services.
In order to protect you and your data, we may suspend your use of any of the Services, without notice, pending an investigation, if any breach of security is suspected.
Accessing, Updating, Correcting, and Deleting your Information: You may access information that you have voluntarily provided through your account on the Services, and to review, correct, or delete it by sending a request to support@panea.com. You can request to change contact choices, opt-out of our sharing with others, and update your personal information and preferences.
panea may change this privacy policy at any time. We encourage you to periodically review this page for the latest information on our privacy practices. If we make any changes, we will change the Last Updated date above.
Any modifications to this Privacy Policy will be effective upon our posting of the new terms and/or upon implementation of the changes to the Sites (or as otherwise indicated at the time of posting). In all cases, your continued use of the Sites or Services after the posting of any modified Privacy Policy indicates your acceptance of the terms of the modified Privacy Policy.
If you are under the age of majority in your jurisdiction of residence, you may use the Services only with the consent of or under the supervision of your parent or legal guardian.
We are deliberately unaccompanied by children under the age of 18 or under the current age limit. If you are under 18 please do not use panea Services and do not give us your personal data. If you are a parent of a child under the age of 18 and you notice that your child has given the data to panea, please contact us at support@panea.com.
We will take reasonable steps to erase data if we notice that we have collected the data of a child under 18.
You can set your browser to refuse all or some browser cookies, or to alert you when websites set or access cookies. If you disable or refuse cookies, please note that some parts of the Sites may become inaccessible or not function properly. For more information about the cookies we use, please see our Cookies Policy.