Privacy Policy for the G6 Networks Fair Launch
Last updated
Last updated
Effective Date: 5. November 2024. Last Updated: 5. November 2024.
This Privacy Policy explains how BitBalansz Kft (hereinafter referred to as “Company,” “we,” or “us”) collects, uses, and protects the personal data of Participants in the G6 Networks Token Fair Launch (hereinafter referred to as the “Fair Launch”). We are committed to safeguarding the privacy of our Participants in compliance with the General Data Protection Regulation (GDPR) and other applicable data protection laws, including Anglo-Saxon privacy frameworks.
Data Controller The data controller responsible for the processing of your personal data is: BitBalansz Kft Hungary Email: For all inquiries regarding data protection, please contact us via the email provided.
Personal Data We Collect As part of your participation in the Fair Launch, we collect and process the following personal data: • Full Name • Document check (Passport, ID or Driving license) • Biometric check (face check)
Purpose of Data Collection We collect and process your personal data for the following purposes: Performance of the Contract: Your personal data is essential to the execution and fulfillment of the agreement between you and BitBalansz Kft as part of the Fair Launch. Communication: After succesful participation you can engage with us through our official channels like Discord and Telegram. Legal Compliance: We process your personal data to comply with our legal obligations, such as tax, accounting, and anti-money laundering (AML) regulations.
Legal Basis for Processing Under the GDPR, we process your personal data based on the following legal grounds: Contractual Necessity: Processing is required for the performance of the contract with you. Legal Obligations: Processing is necessary for compliance with legal obligations, such as tax laws, KYC/AML requirements, and other applicable regulations. Legitimate Interest: In certain cases, we may process your data to ensure the proper functioning and security of the Fair Launch, provided that such interests are not overridden by your rights and freedoms.
Retention Period Your personal data will be retained for the duration of your contractual relationship with BitBalansz Kft in the Fair Launch. After the termination of the contract, your data will be retained only for the period necessary to comply with applicable legal obligations (e.g., tax or regulatory requirements). The specific retention periods are as follows: Contract Duration: Personal data will be processed for the length of the Fair Launch. Post-Contract: Personal data will be retained for as long as necessary to comply with applicable laws (e.g., 5 years for legal and tax requirements).
Data Subject Rights As a Participant in the Fair Launch and a resident of the EU/EEA, you have the following rights under the GDPR: Right to Access: You have the right to request access to the personal data we hold about you. Right to Rectification: You have the right to request the correction of inaccurate or incomplete personal data. Right to Erasure: You have the right to request the deletion of your personal data in certain circumstances, such as if the data is no longer necessary for the purposes for which it was collected. Right to Restrict Processing: You can request that we restrict the processing of your personal data in certain situations. Right to Data Portability: You have the right to request a copy of your personal data in a structured, commonly used, and machine-readable format. Right to Object: You have the right to object to the processing of your personal data for specific purposes, such as direct marketing. To exercise any of these rights, please contact us at contact@g6.network. We will respond to your request within the timeframe specified by GDPR.
International Transfers We transfer personal data outside the European Union (EU) or European Economic Area (EEA) as follows: State of Israel datacenter, where we have our secure data storage solution running. If your personal data is transferred outside the European Union (EU) or European Economic Area (EEA), we will ensure that appropriate safeguards are in place, such as standard contractual clauses or other mechanisms that comply with GDPR requirements.
Data Security We implement appropriate technical and organizational measures to protect your personal data from unauthorized access, disclosure, alteration, or destruction. These measures include encryption, secure storage solutions, and regular security assessments.
Sharing of Personal Data We do not sell or rent your personal data to third parties. We may share your personal data with the following entities under specific circumstances: Service Providers: Trusted third-party service providers who assist us in operating our business, such as IT services, cloud hosting, or payment processors. These third parties are required to process your data only on our behalf and in compliance with our instructions. Our current service providers involved in personal data processing: Onfido.com 3 Legal Obligations: We may disclose your personal data if required by law, such as to comply with legal processes, law enforcement, or regulatory obligations (e.g., KYC/AML requirements).
Changes to this Privacy Policy We reserve the right to modify this Privacy Policy at any time. Any updates will be posted on our website, and where appropriate, we will notify you directly. We encourage you to review this policy periodically to stay informed of how we are protecting your data.
Complaints If you believe that we have not complied with your data protection rights, you have the right to file a complaint with the relevant supervisory authority. In Hungary, the data protection authority is: Hungary, Nemzeti Adatvédelmi és InformációszabadságHatóságok, Contact Information If you have any questions or concerns about this Privacy Policy or the handling of your personal data, please contact us at contact@g6.network.