Privacy Policy
Effective Date: November 23, 2024
WaveSwaps ("Platform," "we," "us," or "our") is a decentralized blockchain application (dApp) operating on public blockchains. This Privacy Policy outlines how information is handled when you interact with the Platform, particularly regarding DAO governance and WSHARE functionalities. By using WaveSwaps, you acknowledge and agree to the practices described in this Privacy Policy.
1. Decentralized Nature of WaveSwaps
WaveSwaps operates as a decentralized protocol, meaning:
There are no centralized servers or databases collecting or storing user data.
All interactions occur directly on public blockchains.
The Platform relies on third-party wallets, decentralized exchanges (DEXs), and blockchain infrastructure, each governed by their own privacy policies.
As a result, WaveSwaps itself does not collect, process, or manage personal user data.
2. Information We Do Not Collect
WaveSwaps does not collect or store:
Personal identification information (e.g., name, email, phone number).
Payment details (e.g., credit card numbers or bank accounts).
IP addresses, device data, or browsing activity.
Private keys, seed phrases, or wallet passwords.
3. Information Automatically Recorded on the Blockchain
By using WaveSwaps, you engage with public blockchains where the following information is permanently recorded:
Wallet addresses used for transactions.
Details of transactions, including token amounts, types, and timestamps.
DAO governance activities, such as proposals, voting, and income distributions.
This information is immutable, publicly accessible, and not controlled by WaveSwaps.
4. Third-Party Resources
WaveSwaps relies on third-party tools and services to function, including:
Non-Custodial Wallets: Users interact with wallets like MetaMask, which operate independently under their own privacy policies.
Decentralized Exchanges (DEXs): Integrated DEXs handle token swaps, governed by their respective terms and privacy policies.
Public Blockchains: Transactions are processed on decentralized networks like Binance Smart Chain, Polygon, Ethereum, Arbitrum, and Optimism, which are inherently public.
Users are encouraged to review the privacy policies of these third-party services before use.
5. DAO Governance and WSHARE Participation
5.1 DAO Governance
WaveSwaps incorporates a decentralized governance model powered by WSHARE tokens. Participation in DAO activities involves:
Proposal Submissions and Voting: Wallet addresses, proposal details, and voting actions are recorded on the blockchain. This data is publicly visible and immutable.
Transparency: DAO governance ensures all interactions, such as proposal outcomes and voting records, are transparent and auditable.
No Personal Data: WaveSwaps does not collect or associate personal information with DAO activities.
5.2 WSHARE Income Distribution
Automated Distributions: Weekly income from platform profit centers is distributed to WSHARE token holders via smart contracts. These transactions occur on-chain and are fully transparent.
Data Visibility: Token holdings and income distributions are visible on the blockchain, though they are not linked to personal identities unless voluntarily disclosed.
Holder Anonymity: Wallet addresses serve as pseudonymous identifiers, and users are encouraged to take precautions to maintain their anonymity.
5.3 User Responsibilities
Wallet Management: Users must secure their wallet credentials when engaging in DAO or WSHARE-related activities.
Third-Party Privacy: Any interactions with wallets or blockchain explorers are subject to their respective privacy policies.
Public Blockchain Implications: Users should understand that all DAO and WSHARE-related activities are permanently recorded on public blockchains.
6. Cookies and Tracking
WaveSwaps does not use cookies, tracking technologies, or analytics tools. User interactions with the Platform are private to the extent allowed by blockchain technology.
7. Data Security
While WaveSwaps does not collect or store user data, the following measures enhance security:
All interactions occur directly on-chain, secured by blockchain consensus mechanisms.
The Platform’s smart contracts are audited and operate transparently.
WaveSwaps does not have access to user funds, private data, or wallet information, reducing the risk of centralized breaches.
8. Risk Disclosure
By using WaveSwaps, users acknowledge that:
The Platform operates on an "as is" basis without warranties or guarantees.
Blockchain transactions are inherently public, immutable, and beyond WaveSwaps’ control.
The use of third-party tools, wallets, or exchanges involves risks governed by their respective policies.
9. User Anonymity
WaveSwaps does not require registration or account creation. Your wallet address acts as your identifier for interactions. However:
Wallet addresses are publicly visible and may be linked to other activities or data.
Users seeking anonymity should follow best practices to avoid linking their wallet address to personal information.
10. Legal Compliance
Decentralized Protocol: As a decentralized platform, WaveSwaps does not fall under traditional regulatory frameworks or jurisdictions.
User Responsibility: Users are responsible for complying with local laws and regulations regarding blockchain and cryptocurrency use.
11. Changes to This Privacy Policy
WaveSwaps reserves the right to update this Privacy Policy as needed. Material changes will be communicated through the Platform, with the revised effective date noted. Continued use of WaveSwaps after updates constitutes acceptance of the revised Privacy Policy.
12. Contact Information
As a decentralized application, WaveSwaps does not have a central authority or management team. Users with questions or concerns are encouraged to participate in DAO governance or reach out through official community channels.
Conclusion
WaveSwaps is committed to user autonomy and transparency through its decentralized model. While the Platform does not collect or process user data, its reliance on public blockchains and third-party tools requires users to remain informed and vigilant. By using WaveSwaps, you accept the decentralized nature of the Platform and its associated privacy implications.
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