The Privacy Policy offers users a more comprehensive understanding of how their information is collected, used, and secured within the Lidya Gold App platform. It also emphasizes the robust security measures in place to protect their investments. Users are encouraged to reach out to Lidya for any further clarification or assistance.
This section sets the stage for the Privacy Policy, explaining its purpose and the agreement users enter into when using the Lidya Gold Application (the "App"). It's essential for users to understand that by using the App, they are consenting to the terms outlined in this Privacy Policy. If users do not agree with these terms, they should refrain from using the App.
In this section, we detail the types of information collected by the App:
. Personal Information: This includes basic personal details such as name, email address, and contact information. This information is collected during the registration and account creation process..
. Blockchain Data: Lidya utilizes Blockchain technology to record and secure the ownership of digital gold coins known as "Lids." This technology ensures that all transactions are transparent, unchangeable, and secure.
. Email Communications: The App may collect data from emails and notifications sent by Lidya to users. This includes transaction confirmations and receipts.
. Ownership Records: Lidya uses Blockchain technology to create and maintain unalterable records of users' ownership of Lids. This guarantees that the ownership of digital gold is transparent and tamper-proof.
. Transaction History: The information gathered is also used to keep track of users' transaction history. This allows users to access records of their gold purchases and transfers..
. Email Receipts: The Privacy Policy emphasizes the importance of retaining email receipts. These receipts serve as an additional proof of users' transactions and ownership. Keeping hard copies is recommended for financial recordkeeping.
This section underscores the security and confidence users can derive from having three independent proofs of ownership:
. Three Proofs of Ownership: Users have three layers of evidence to substantiate their ownership of digital gold:
a. The Lid: Each Lid represents ownership of one gram of physical gold and is securely stored in users' Blockchain Digital Wallet.
b. Emails/Notifications: Email receipts and notifications provide a secondary form of proof for transactions and ownership.
c. Physical Gold: Ownership of Lids is backed by physical gold stored securely in insured depositories. This serves as a third proof of ownership.
. Security and Peace of Mind: By having these three independent proofs, users can be confident in the security and protection of their investment. It virtually eliminates the possibility of losing their investment.
This section highlights the measures taken by Lidya to ensure the security of users' ownership records:
. Blockchain Technology: The App utilizes Blockchain technology, known for its security features. It ensures that ownership records are cryptographically linked, unchangeable, and highly resistant to tampering.
. Secure Depositories: Physical gold is stored in secure and insured depositories, guaranteeing the safety and protection of users' investments.
This section provides users with a means to contact Lidya for any questions or concerns related to the Privacy Policy or their personal information. Users can reach out via the provided email address. admin@Lidya.App
Please be aware that your use of this app is entirely at your own risk. Lidya and its affiliates disclaim any responsibility for damages, losses, or liabilities that may occur as a result of your use of the app. We strongly advise you to carefully review our Terms and Conditions and Privacy Policy to fully understand your rights and responsibilities as a user."