Privacy Policy
Effective Date: 2024/06/28
Introduction
Drake is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our decentralized exchange platform. Please read this policy carefully to understand our practices regarding your information.
1. Information We Collect
Personal Identification Information: Since Drake is a decentralized platform, we do not collect personal identification information such as your name, email address, or physical address.
Blockchain Information: We collect blockchain addresses and transaction data. This information is publicly available and is collected automatically as part of the decentralized nature of the platform.
Usage Data: We may collect information on how you access and use Drake, including your interactions with smart contracts and other users, trading patterns, and frequency of transactions.
2. How We Use Your Information
To Provide and Maintain Our Services: We use the information collected to operate, maintain, and provide you with the features and functionality of Drake.
To Improve Our Platform: Usage data helps us understand how users interact with Drake, allowing us to enhance the user experience and optimize our services.
Security and Compliance: We use your information to monitor and analyze security and ensure compliance with our terms and applicable laws.
3. Disclosure of Your Information
Public Blockchain: Transactions conducted on Drake are recorded on the Ethereum blockchain (or applicable blockchain). Public blockchains are decentralized and immutable, meaning transactions are publicly accessible and cannot be changed or deleted.
Third-Party Service Providers: We may share your information with third-party service providers who perform services on our behalf, such as analytics and security services. These providers have access to your information only to perform these tasks and are obligated not to disclose or use it for any other purpose.
Legal Requirements: We may disclose your information if required to do so by law or in response to valid requests by public authorities.
4. Security of Your Information
We take reasonable measures to help protect your information from loss, theft, misuse, and unauthorized access, disclosure, alteration, and destruction. However, no Internet or email transmission is ever fully secure or error-free.
5. Data Retention
We will retain your information for as long as necessary to fulfill the purposes outlined in this Privacy Policy unless a longer retention period is required or permitted by law.
6. Your Choices
Blockchain Transactions: As transactions are recorded on a public blockchain, they cannot be altered or deleted. You are responsible for ensuring the accuracy of the data you input.
Third-Party Links: Our platform may contain links to third-party websites. We are not responsible for the privacy practices of these sites and encourage you to read their privacy policies.
7. Changes to This Privacy Policy
We may update our Privacy Policy from time to time. We may not notify you of any changes by posting the new Privacy Policy on this page. You are advised to review this Privacy Policy periodically for any changes.