1. Who are we and whom to contact?
The OWNIT business model is operated by OWNIT.XYZ, a company established and existing under the laws of the Czech Republic, with its registered office at Purkyňova 2121/3, Nové Město, 110 00 Prague 1, Czech Republic, Identification No.: 298 04 892 (“OWNIT”). OWNIT further in this Notice referred also as “we”. For any queries regarding the processing of your personal data, or to exercise your rights or raise a complaint regardless of the stage you are at, please contact us at contact@ownit.xyz. Please note that prior to resolving your request, you may be asked to verify your identity.2. What information do we collect about you and how do we obtain it?
In order for you to be able to use our Services, we need to obtain and process personal data about you. Detailed information on the purposes for which we process personal data is given in Section 3 of this Notice. Depending on the Services you access, we may process the following information about you:- Identification and contact data: crypto wallet address, email address, name and surname, telephone number, postal address, date of birth, or tax identification number.
- Login credentials: login credentials such as username and password to the User Area as well as for accessing demo accounts on a trading platform.
- Documents and information gathered during applicable identity verification processes, including sanctions screening of crypto wallet addresses, and during Know Your Customer (KYC) and Know Your Business (KYB) procedures if you participate in the OWNIT Trader Program (e.g. liveness checks).
- Payment data, including payment method details (e.g. crypto wallet information), payment transactions overview including dates and amounts related to the OWNIT Evaluation and rewards under the OWNIT Account.
- Tax information necessary for reporting to local tax authorities (e.g., W-9 or W-8 forms, or equivalent local tax forms).
- Records of any communication between you and us, including inquiries, support tickets, complaints, and dispute resolution records.
- Your device data, such as IP address, device type, operating system, or browser used.
- Website usage data, including date, time and duration of visit, country of access, browsing history, and overview of the various functionalities accessed.
- Any other data related to the operation and maintenance of the Website, User Area, and internal systems.
- Information related to your use of Services, such as an overview of all purchases, your access and use of the Services including your performance during the OWNIT Evaluation, your participation in the OWNIT Trader Program and OWNIT Account, which includes information on your simulated trades, orders, positions, balances, and performance metrics, as well as records of your adherence to our requirements.
- Data from social network operators if you link your social networking accounts to your User Area profile on the website (username, profile picture, email address associated with the account).
- Other information you may disclose or may be required to be disclosed to us during the duration of your relationship with us.
3. How we use your personal data
We use personal data for the following purposes:Registration and user profile management
In order to access and use most of our Services, you need to register on the Website and create a profile.Provision of Services
We will process your personal data to enable you to access and use our Services, including the OWNIT Evaluation and OWNIT Account, and to provide you with access to various tools, applications, and support, and to carry out simulated trades. We monitor your performance and adherence to our contractual obligations, including the Trading Objectives, Risk Management Rules, and Forbidden Trading Practices.Payment Administration
To administer payments for the OWNIT Evaluation as well as process refunds (if applicable). If you participate in the OWNIT Trader Program, we also need to calculate and process rewards, issue invoices, and comply with tax reporting obligations.Identity verification
Whenever you are accessing the Services, we need to verify your identity and eligibility for the Services and that you are not subject to relevant international sanctions. For the OWNIT Evaluation, we perform sanctions screening of your crypto wallet address. If you progress to the OWNIT Trader Program, you may be asked to undergo additional know your customer (KYC) or know your business (KYB) procedures. This verification is essential for us to properly provide Services and comply with applicable laws.Customer support and relationship management
We process your personal data when addressing your inquiries, resolving any of your requests and concerns. Over the course of our relationship, we will also provide you with notifications and updates on the Services to keep you informed of any news or important changes. We aim for your satisfaction when using the Services. To that end, we internally maintain your profile to ensure a seamless experience across all Services.Marketing
We will send you marketing communications about our Services, products, and promotions, based on your preferences. We might also show our campaigns to you on other unrelated websites and social networks of our marketing partners.Services improvement and analytics
We analyze customer behavior to improve our Services, develop and test new features. This includes analysis of how our Services are specifically used and what the trends are in order to provide Services which are sustainable and for us to be able to always provide top-quality experience. Analysis of your simulated trading: We specifically focus on analysing your simulated trading behaviour not only to improve our Services but to also help us make decisions on which simulated trades to copy when we perform our own trading in financial products.Internal operations and improvements
- In some cases, it is not possible to implement new software, applications, and processes or their changes without testing them using your personal data, however, we always do so only to the extent necessary.
- Conducting internal audit and record keeping.
Protection of our legitimate interests
To defend against any legal claims or to protect our interests. We use personal data to manage our internal risks, which includes fraud prevention and detection of any abusive practices (including the use of Forbidden Trading Practices) across the Services.Services Security
Ensuring the security of our Services is our priority, and we use various measures (organizational as well as technical) to reach this goal. Some of these measures require processing of your personal data.Fulfilment of legal obligations
To maintain accounting and tax records, communicate with relevant regulators, and respond to their lawful queries or perform necessary reporting (e.g., tax reporting).4. How do we store personal data and how is it secured?
We process your personal data in a secure environment. Appropriate organizational and technical measures are in place to protect against unauthorized access, alteration, disclosure, or destruction. We strictly adhere to these measures to ensure the security of your data, and while we will do our best to protect your personal data, we cannot completely guarantee the security of your data transmitted to us. Please note that any transmission is at your own risk.5. Data sharing and transfers to third countries
Data Sharing
Over the course of our activities, we may share your personal data with other individuals or entities for various reasons, primarily to ensure seamless provision of our Services, the fulfillment of our legal obligations, and to protect our legitimate interests. We may share your personal data with the following categories of recipients:- Trading platform providers, to enable simulated trading when using the Services.
- IT infrastructure providers, including cloud service providers, IT contractors, software providers, and cybersecurity services.
- Payment service providers and financial institutions, for payment processing and related transactions.
- Providers helping us with KYC/KYB processes and tax declarations.
- Customer support, marketing, and communication service providers.
- Advisors and consultants, including external accountants, auditors, and legal advisors.
- Governmental authorities, in response to lawful requests or in order to fulfil our reporting obligations (such as to tax authorities).
- Sharing with our affiliates in order to facilitate the Services, provide you with comprehensive support, analyze and improve the Services, and to manage risks associated with provision of products on a consolidated basis.
- In the event of business transfers (such as mergers, acquisitions, reorganization or sale of assets), your personal data may be disclosed or transferred as part of such transaction.
International Data Transfers
Your personal data may be accessed from or transferred to jurisdictions outside of the original jurisdiction of collection where we operate. Such transfers occur only where appropriate safeguards in accordance with applicable law are in place, such as Standard Contractual Clauses or the Data Privacy Framework. We ensure all such transfers comply with applicable data protection laws.Cross-context advertising
We do not sell your personal data for monetary consideration. However, we may ‘share’ your personal information with third-party advertising networks for cross-context behavioral advertising, but only if you provide your consent. You have the right to manage your consent and opt out of this sharing at any time through your privacy settings.6. How long do we process your data?
We retain personal data only for as long as necessary to achieve the purposes described above or for a period directly set out by law. After such a period, your personal data will be deleted or anonymized. To determine the appropriate retention period for personal data, we consider the following criteria and timelines:- For contract performance – the duration of our contractual relationship and for the period afterwards required to manage any related rights and obligations.
- We will use your personal data for marketing communications as long as you have a relationship with us or have otherwise agreed. We will, however, maintain a record of your email address on a suppression list to ensure we honor your opt-out request in the future.
- The requirements of applicable laws and regulations, such as those for tax and accounting records (e.g., 10 years for tax records).
- Data collected for Know Your Customer (KYC) purposes is retained for the duration of the relationship and for a legally mandated period after its termination.
- For consent-based processing, the period specified in the consent.
- Our need to address disputes, protect our legal interests, or enforce our agreements.
7. Your privacy rights
You can exercise your rights by sending a request to us via email at contact@ownit.xyz or using the contact details in Section 1 of this Notice. Please be specific in your request to help us assist you efficiently. We respond to inquiries within 30 days. While we are committed to honoring your requests, these rights are not absolute and may be subject to legal limitations. Your rights may include:- Right of access: Request confirmation as to whether your personal data are being processed and obtain further details such as the categories of sources from which the personal data is collected, the business or commercial purpose for collecting, selling, or sharing personal data, the categories of third parties to whom we disclose personal data, and the specific pieces of personal data we have collected about you.
- Right to rectification: If we process your personal data inaccurately, you can notify us, and we will rectify the inaccurate personal data without undue delay. You will be able to edit some of your personal data yourself via your profile on the Website.
- Right to delete: Request deletion of your personal data in certain circumstances, such as when personal data are no longer necessary, you withdraw consent under which we process the relevant personal data, or processing is unlawful.
- Right to restriction of processing: Request restriction of processing in specific situations, such as contesting accuracy or pending an objection.
- Right to data portability: Receive your personal data in a structured, commonly used, machine-readable format and have them transmitted where applicable.
- Right to object: Object to processing based on legitimate interests or for direct marketing purposes.
- Right to withdraw consent: Withdraw your consent at any time, without affecting the lawfulness of processing based on consent before its withdrawal.
- Right not to be subject to automated decision-making: Not to be subject to decisions based solely on automated processing, including profiling, which produce legal effects or similarly significantly affect you, except as permitted by law.
- Right to lodge a complaint: Lodge a complaint with the relevant supervisory authority if you believe your data are being processed unlawfully. For EEA residents, this includes your local data protection authority or the Czech Office for Personal Data Protection (ÚOOÚ).
- Right to opt-out of sale or sharing: We do not sell your personal data. We may ‘share’ your information with advertising partners as defined by the CCPA/CPRA, but only with your prior consent. You can control this sharing and exercise your right to opt-out by managing your choices in our privacy settings.
- Right to limit use and disclosure of sensitive personal information: If we process sensitive personal information about you, you may limit its use to the purposes necessary for delivering requested Services or as otherwise permitted by law (e.g., security, legal compliance).
- Right to non-discrimination: We will not discriminate against you for exercising any of your rights relating to your personal data. This means we will not deny you our Services, charge you different prices, or provide a different level or quality of Services if you exercise your rights.