Privacy Policy This privacy policy (“Privacy Policy”) explains the basis for our collection of personal data when you visit our website www.balanceai.network (“Website”) or when you communicate with us or otherwise deal with us, and sets out how we use your personal data, the conditions under which we disclose it to others and the measures we take to keep it secure. In addition, we may inform you about the processing of your personal data separately, for example in consent forms, terms and conditions, additional privacy policies, forms, and other notices. We use the word “data” here interchangeably with “personal data”. If you provide information to us about you or any person other than yourself, you must ensure that the data is accurate and that these other people understand how their data will be used, that they have given their permission for you to disclose it to us and for you to allow us, and our service providers, to use it. You are welcome to provide them with a copy of this Privacy Policy. This Privacy Policy is aligned with the EU General Data Protection Regulation (“GDPR”), and the Swiss Data Protection Act (“DPA”). However, the application of these laws depends on each individual case. 1. Controller The responsible person for processing your data under this Privacy Policy (“Controller”) unless we tell you otherwise in an individual case is: Smart Valley Association based in Switzerland You may contact us regarding data protection matters and to exercise your rights at contact@balanceai.network. 2. Data Collection and Purpose of Data Processing We process the following data about you for the purposes outlined below: 2.1 Website When you visit our Website, we collect data that is necessary for the functionality and security of our Website. The data collected includes: IP address; information about the operating system of your end device; cookies; referrer URL; amount of data transferred; date, region, and time of the server request; websites accessed or from which access is made; browser type and version; name of your Internet provider; protocols; etc. 2.2 Communication When you contact us by email, telephone, letter, or other means of communication, we collect the data exchanged between you and us for the purposes of communicating with you and providing our services to you, in particular to respond to your enquiries. By providing us with this data, you acknowledge that we use your data in accordance with this Privacy Policy. The data collected includes: contact details; type, manner, place and time of communication; content of communication; etc. 2.3 Marketing and Innovation We process your data for marketing and business activities in relation to BalanceAI, in particular to further develop BalanceAI, our Website, and other platforms on which we operate. In addition, we and selected third parties may use your data to show you personalised content or advertising if and to the extent that you give us your consent, provided this is required by applicable law. You can object to such marketing activities or withdraw your consent at any time, see section 9 below. All of the above data may be used for this purpose. 2.4 Safety or Security Reasons We process your data to protect our IT and other infrastructure. For example, we process data for monitoring, analysis and testing of our networks and IT infrastructures including access controls. All of the above data may be used for this purpose. 2.5 Compliance with Law and Legal Procedures We process your data to comply with legal requirements and we might have to request further information from you to comply with such requirements or as otherwise required by law and legal authorities. Furthermore, we may process your data for the enforcement of legal claims and for the defence in legal disputes and official proceedings. All of the above data may be used for this purpose. 2.6 Risk Management, Corporate Governance and Business Development We process your data as part of our risk management and corporate government in order to protect us from criminal or abusive activity. As part of our business development, we might sell businesses, parts of businesses or companies to others or acquire them from others or enter into partnerships and this might result in the exchange and processing of data based on your consent, if necessary. All of the above data may be used for this purpose. 2.7 Cookies Our Website uses cookies, and we may also allow certain third parties to do so (see also section 2.8 below). Cookies are text files that are stored on your device (computer, laptop, smartphone, etc.) and that are necessary for the use of the Website as such or certain functions or that enable the analysis of the use of our Website. Depending on the purpose of these cookies, we may ask for your express prior consent before cookies are used. You can access your current settings by clicking on the “[Change Your Cookies]” button at our Website and you can withdraw your consent under the same link at any time. You can also set your browser to block or deceive certain types of cookies or alternative technologies, or to delete existing cookies. You can also add software to your browser that blocks certain third-party tracking. You can find more information on the help pages of your browser (usually with the keyword “Privacy”) or on the websites of the third parties set out in our consent management tool. 2.8 Tools We use the following tool(s) to ensure a tailored design and the continuous optimization of our Website: - https://www.cloudflare.com 2.9 Third-Party Offerings Our Website may contain third-party offerings. Please note that when you use such link, your data such as IP address, personal browser settings, etc., are transmitted to these third parties. We have no control over, do not review and cannot be responsible for these third-party websites or their content. Please be aware that the terms of this Privacy Policy do not apply to these third-party websites or their content, or to any collection of your data after you click on links to such third-party websites. We encourage you to read the privacy policies of every website you visit. Any links to third-party websites or locations are for your convenience and do not signify our endorsement of such third parties or their products, content, or websites. 2.10 Plug-Ins We do not use plug-ins on our Website. If our Website contains icons from other third-party providers (e.g. TikTok, Twitter/X, Instagram, Discord, Telegram), we only use theses for passive linking to the pages of the respective providers. 2.11 Third-Party Platforms We operate accounts on third-party platforms like TikTok, Twitter/X, Instagram, Discord, and Telegram. If you communicate with us via our accounts or otherwise interact with our accounts on these third-party platforms, your data will also be processed according to the privacy policies of the respective platform. Please find further information on the purpose and scope of data collection and processing by the third-party providers in their respective privacy policies. 3. Legal Basis for Data Processing Where we asked for your consent, we process your data based on such consent. Where we did not ask for your consent and where required under applicable law, we process your data on other legal grounds, such as: - A contractual obligation; - A legal obligation; - A vital interest of the data subject or of another natural person; - To perform a public task; - Our legitimate interest. 4. Transfer of Data to Third Parties As part of our data processing, we may share your data with third parties, in particular to the following categories of recipients: - Service Providers We may share your information with service providers and business partners around the world with whom we collaborate to fulfil the above purposes (e.g. IT provider, advertising service provider, security companies, telecommunication companies, lawyers) or who we engage to process data for any of the purposes listed above on our behalf and in accordance with our instructions only. - Contractual Partners If required by the respective contract, we will pass on your data to other contractual partners, dealers, subcontractors, etc. - Legal Authorities We may pass on data to offices, courts, and other authorities if we are legally obliged or entitled to do so or if this appears necessary to protect our interests. The authorities are responsible for processing data about you that they receive from us. 5. Disclosure of Data Abroad The data that we collect from you may be transferred to, processed, and stored in, a country outside the European Economic Area (EEA) or Switzerland. In view of the EEA or Switzerland the law in some of those countries may not offer an adequate level of data protection. We only transfer data to these countries when it is necessary for the performance of a contract or for the exercise or defence of legal claims, or if such transfer is based on your explicit consent or subject to safeguards that assure the protection of your data, such as the US-EU Data Privacy Framework, the US-CH Data Privacy Framework (if and insofar as in force and applicable) and/or the Standard Contractual Clauses approved by the European Commission (SCCs), adjusted according to Swiss law, all of the aforementioned if applicable and required. 6. On-Chain Data When you use blockchains, you acknowledge that your wallet address and other data/information provided by your transactions, which are considered personal data if relating to an identified or identifiable natural person, are permanently and publicly stored on-chain, which means such data is publicly available to anyone. Neither we, nor any third party, has any power to delete such data published by its users to the blockchain. If you want to ensure that your privacy rights are not affected in any way, you should not transact on blockchains as certain rights may not be available or exercisable by you or us due to the technological infrastructure of the blockchain. You hereby release and indemnify us of any liability associated with data that you transferred to the blockchain. 7. Retention and Storage of Data We only process your data for as long as necessary to fulfil the purposes we collected it for, including for the purposes of complying with legal retention requirements and where required to assert or defend against legal claims, until the end of the relevant retention period or until the claims in question have been settled. Upon expiry of the applicable retention period, we will securely destroy your data in accordance with applicable laws and regulations. 8. Data Security We take appropriate organizational and technical security measures to prevent your data from being accidentally lost, used, or accessed in an unauthorized way, altered, or disclosed. However, we and your data can still become victims of cyber-attacks, cybercrime, brute force, hacker attacks and further fraudulent and malicious activity including but not limited to viruses, forgeries, malfunctions, and interruptions which is out of our control and responsibility. We have also put in place procedures to deal with any suspected data breach and will notify you and any applicable regulator of a breach where we are legally required to do so. 9. Your Rights To the extent provided for by applicable law, you may request information free of charge about the data processed relating to you, its origin and recipients and the purpose of the data processing. You may also have the right to correction, deletion, restriction, or objection to processing, as well as to the transfer of the data to another controller. Furthermore, you can revoke your consent at any time with effect for the future. All you need to do is send us an informal email to the above address. Please note that the foregoing rights are subject to legal restrictions and may interfere with or make impossible the provision of our services. 10. Amendment of this Privacy Policy Due to continuous development of our Website and the contents thereof, changes in law or regulatory requirements, we might need to change this Privacy Policy from time to time. Our current Privacy Policy can be found at our Website. Effective: 28.08.2024