//STORE enables these computing, economic, and governance primitives
Zero-fee settlement-layer enables
Zero-fee, peer-to-peer value transfer
Fast transactions
Scalable transactions
Democratic and 2/3 censorship resistant governance (one entity, one vote)
Tokenized Data enables
Data to be open and tradable
Data to be programmable by third party apps and devices
Data to have a monetary premium (like $STORE, $BTC, $ETH, $EOS, and gold)
Datacoin revenue to be shared with users, citizens, more
…which enables these high-level use cases
Zero-fee settlement-layer enabled
Tokenized data enabled (p2p cloud)
High-level Use Cases
Fast, zero-fee, programmable payments for the public internet
Voting on the global rules of a decentralized, zero-fee digital asset
Zero-fee, 2/3 censorship resistant value transfer of data as a digital asset
Voting on the global rules of decentralized, open, and programmable data
A web2 app developer opening APIs for other developers to build with (for $STORE)
An IoT device developer live streaming datasets for anyone to access (for $STORE)
A health care system making a prized and rare dataset available (for $STORE)
An autonomous car or drone opening its ML-ready, live data streams (for $STORE)
A local government streaming IoT device data for anyone to access (for $STORE)
(If we publish, we’ll award you with 100,000 $STORE – enough to compete in founding mining auctions.)
While STORE transactions are zero-fee for both end users and developers, if STORE is initially deployed as n ERC20 token on Ethereum, applicable gas fees apply on Ethereum. All settlement transactions on Ethereum incur gas fees. When the ERC20 STORE tokens are swapped with native STORE token tokens, transactions will be settled on the STORE network and at that time, zero-fee transactions are resumed.
Last updated: March 1, 2020
The following agreement (“Privacy Policy”) is between STORE (as defined below) and users participating in the Identify Verification Process required to comply with STORE’s private placement of electronic forward contracts for issue of tokens upon their initial release (“Token Sale”) as described in our Private Placement Offering Memorandum.
The policies in this statement apply to STORE Labs, Inc., Footprint Labs Inc., their subsidiaries and affiliates (collectively, “STORE”). This policy and any updates to the policy in the future shall also include all current and future subsidiaries or affiliates of STORE (including, but not limited to STORE Labs, Inc., the STORE Foundation, Footprint Labs Inc., and any Footprint Labs subsidiaries around the world.). These entities may include both for-profit and non-profit organizations.
STORE may assign or transfer this Privacy Policy, as well as information covered by this Policy, in the event of a merger, sale, change in control, or reorganization of all or part of our business.
Users include individuals submitting personally identifiable information as part of the Identity Verification Process per the terms of the Token Sale.
STORE’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 STORE 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.
Users that submit data to STORE as part of this process trust us to protect and secure that information. This Privacy Policy explains what data STORE collects, how we store that data, and how we share that data.
This Privacy Policy is limited to the data collected as part of the Identify Verification Process necessary to participate in the Token Sale. It does not include information collected on STORE’s website, which is covered by a separate policy, or data collected through other mechanisms for purposes not directly related to materials submitted in order to participate in the Token Sale.
STORE reserves the right to update this Privacy Policy at our discretion. Any changes we believe will materially impact the privacy of user data will be published online noting the effective date of any changes and, should it be necessary, to obtain consent for those changes. To be sure that you are up to date, please check the STORE website periodically, or you can be notified by email if you sign up for our general newsletter on the Storeco.in website.
In order to comply with different national laws and regulations to execute the Token Sale, STORE 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: STORE, Onfido, and government authorities.
STORE 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 STORE’s website, where we may use third-party service providers to manage the data.
STORE also embeds a third-party widget in our website. This widget operates as a form to collect the data used for the purposes of the Identity Verification Process. The third-party vendor that collects and stores the data submitted in this form is Onfido (www.onfido.com). Click here to read Onfido's privacy policy.
The data collected by Onfido includes personally identifiable information, images uploaded by the user (e.g. a picture of their passport), and data collected from other third parties (e.g. government authorities). This data is stored on Onfido's servers and falls under Onfido's Privacy Policy. STORE does not collect, store, or manage this data.
Because Onfido is responsible for the collection and storage of the materials used for the Identify Verification Process, we encourage users to read the Onfido privacy policy if they have any questions.
Similarly, data provided by government entities is outside of STORE’s domain. Because Onfido manages data collected from third-party government authorities, we encourage users to read the Onfido privacy policy for additional information regarding the use of data provided by government authorities.
STORE 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, STORE 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
STORE 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 STORE 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, STORE may be legally obligated to disclose a user's information to a government authority. This might include when STORE 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 STORE 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
STORE values transparency. As part of those values, we strive to disclose as many possible use cases where STORE reserves the right to share data. A non-exclusive list of ways that we reserve the right under this Privacy Policy to share data includes,
Please contact STORE 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 STORE 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, STORE 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]
This policy is only in in English. For a non-English translation, please contact STORE 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 STORE collects and uses information, please contact STORE at [email protected], or send a letter by post to:
Attention: Privacy
STORE Labs, Inc.
340 S. Lemon Avenue, Suite 9117
Walnut, CA 91789
DISCLAIMER
Nothing herein is intended to be an offer to sell or solicitation of offer to buy, STORE tokens or rights to receive STORE tokens in the future. In the event that STORE conducts an offering of STORE tokens (or rights to receive STORE tokens in the future), STORE 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.
