Privacy Policy

Last updated: 02/22/2026

This Privacy Policy is part of the WON Terms of Service. All terms, conditions, and terminology are consistent with the Terms of Service, and the Terms of Service are incorporated into this document by reference.

This policy governs the use of the WON website at won.trade, the WON mobile application, and the associated tools and services.

Collectively, the website, mobile application, and the associated tools and services are referred to as the "Services" in these terms. The operator may offer other products and services.

The Services do not include outside websites or platforms which may be linked or interconnected to the Services. Such outside platforms may have their own terms of service, which control for all transactions on such platforms. These outside platforms may include, but are not limited to:

  • The Hyperliquid interface, owned by Hyperliquid Corp., at app.hyperliquid.xyz

Won Research Inc., a Delaware corporation, operates the Services. It and its affiliates are referred to in this document as the "operator," "we," or "us."

The Blockchain

Blockchain technology, also known as distributed ledger technology (or simply 'DLT'), is at the core of our Services. Blockchains are decentralized and made up of digitally recorded data in a chain of packages called 'blocks'. The manner in which these blocks are linked is chronological, meaning that the data is very difficult to alter once recorded. Since the ledger may be distributed all over the world (across several 'nodes' which usually replicate the ledger) this means there is no single person making decisions or otherwise administering the system, and that there is no centralized place where it is located either.

This means that by design, a blockchain's records cannot be changed or deleted and is said to be 'immutable'. This may affect your ability to exercise your rights such as your right to erasure ('right to be forgotten'), or your rights to object or restrict processing, of your personal data. Data on the blockchain cannot be erased or changed. Although smart contracts may be used to revoke certain access rights, and some content may be made invisible to others, it is not deleted.

In certain circumstances, in order to interact with blockchain protocols through the Services, it will be necessary to write certain personal data, such as your wallet address, onto the blockchain; this requires you to execute such transactions using your wallet's private key.

In most cases ultimate decisions to (i) transact on the blockchain using your wallet address, as well as (ii) share the public key relating to your wallet address with anyone (including us) rests with you.

If you want to ensure your privacy rights are not affected in any way, you should not transact on blockchains as certain rights may not be fully available or exercisable by you or us due to the technological infrastructure of the blockchain. The blockchain is available to the public and any personal data shared on the blockchain will become publicly available.

Individuals under the Age of 18

As per our Terms of Service, individuals under the age of 18 are not permitted to use the Services. As such, we do not knowingly collect, solicit, or maintain personal data from anyone under the age of 18 or knowingly allow such persons to register for the Services.

In the event that we learn that we have collected personal data from an individual under age 18, we will use commercially reasonable efforts to delete that information from our database. Please contact us if you have any concerns. If you are a parent or guardian and become aware that your child has shared personal data with our Services, please contact us so that we may remove such data. Note that we cannot delete information stored on public cryptographic blockchains.

Collecting

Things you and others do and provide

Information and content you provide. We collect the content, communications, and other information you provide when you use our Services, including when you create an account, initiate the use of the Services, create or share content, and message or communicate with others. This information may include, but is not limited to:

  • Email address
  • Username or display name
  • Profile information (such as bio, avatar)
  • Wallet addresses you choose to connect
  • Social and community content you post

Your usage. We collect information about how you use our Services, such as the types of content you view or engage with; the features you use; the actions you take; the people or accounts you interact with; and the time, frequency, and duration of your activities.

Things others do and information they provide about you. We also receive and analyze content, communications, and information that other people provide when they use our Services.

Cookies

We, and our partners, use cookies and similar technologies to give you the best possible content and experience. Cookies are used to remember you and to collect information about how you interact with the Services. If you have an account with the Services, we may link this usage data with other information. You may have the option to either accept or refuse these cookies. If you choose to refuse, you may not be able to use some portions of the Services.

Device Information

We collect information from and about the computers, phones, and other web-connected devices you use that interact with our Services, and we combine this information across different devices you use.

Information we obtain from these devices includes:

  • Device operations: information about operations and behaviors performed on the device, such as whether a window is foregrounded or backgrounded, or mouse movements (which can help distinguish humans from bots).
  • Identifiers: unique identifiers, device IDs, and other identifiers.
  • Network and connections: information such as the name of your mobile operator or ISP, language, time zone, mobile phone number, IP address, connection speed, and in some cases, information about other devices that are nearby or on your network.
  • Cookie data: data from cookies stored on your device, including cookie IDs and settings.
  • Push notification information: if you enable push notifications in our Services, we will collect information from your device as may be necessary to enable such notifications.

When using the Services

When using the Services, we may collect and process personal data. The data will be stored in different instances. We collect and use this information to provide you the Services and to debug issues and provide support.

On the Blockchain the following data may be stored:

  • Addresses of externally owned accounts
  • Transactions made
  • Token balances

The data will be stored on the Blockchain. Given the technological design of the blockchain, this data will become public and it will not likely be possible to delete or change the data at any given time.

In our servers, we will store the following data:

  • Wallet addresses connected to accounts
  • User-generated content (posts, comments, profile data)
  • Usage and interaction logs
  • The Internet protocol address ("IP address")
  • Subscription and billing records

Tracking and Uses

We use the information we have (subject to choices you make) as described below and to provide and support the Services:

Provide, personalize, and improve our Services. We use the information we have to deliver our Services, including to personalize features and content.

Product research and development. We use the information we have to develop, test, and improve our Services, including by conducting surveys and research, and testing and troubleshooting new products and features.

Provide measurement, analytics, and other business services. We use the information we have (including your activity on our Services) to understand the types of people who use our Services and how people interact with our application.

Promote safety, integrity, and security. We use the information we have to verify accounts and activity, combat harmful conduct, detect and prevent spam and other bad experiences, maintain the integrity of our Services, and promote safety and security.

Communicate with you. We use the information we have to send you marketing communications, communicate with you about our Services, and let you know about our policies and terms. We also use your information to respond to you when you contact us.

Because recognition of the Do Not Track HTTP header feature of your web browser is not standardized, the Services don't recognize it for tracking purposes.

All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.

Third-Party Data Collection

Third parties may collect or receive certain information about you and/or your use of the Services to provide content, or functionality, or to measure and analyze performance, in or through the Services. These third parties include:

Stripe — Payment processing for subscriptions
Terms | Privacy Policy

Apple — App Store distribution and in-app purchases
Terms | Privacy Policy

Google — Analytics and services
Terms | Privacy Policy

Cloudflare — Infrastructure and security
Terms | Privacy Policy

Vercel — Hosting
Terms | Privacy Policy

AWS — Cloud infrastructure
Terms | Privacy Policy

Retention

The Services may keep the information we gather about you for as long as your account is active or as needed to provide you the Services, comply with our legal obligations, resolve disputes, and enforce our agreements.

To request that information collected about you be deleted, please contact us at the email provided in this policy. A valid request must include sufficient information to identify your personal data. Note that we cannot delete information stored on public cryptographic blockchains.

Sharing

The Services only share information about you with others as follows:

We may transfer your personal data to a third party as a result of a business combination, merger, asset sale, reorganization, or similar transaction, or to governmental authorities when we reasonably believe it is required by law or appropriate to respond to legal process.

We will also share your information with third-party companies, organizations, or individuals if we have a good faith belief that access, use, preservation, or disclosure of your information is reasonably necessary to detect or protect against fraud or security issues, enforce our terms of use, meet any enforceable government request, defend against legal claims, or protect against harm to our legal rights or safety.

To operate the Services, we share information about you as needed with our service providers, including information technology consultants, advisors, and our affiliates. We only share information to the extent it is required to fulfill our obligations to you and to operate the Services.

We routinely share information with companies closely related to us — our "affiliates" — for certain purposes under this policy.

The Services may contain links to third-party websites and may redirect you to third-party websites. These sites include, among others, service providers who have a relationship with the operator. Third-party websites are not under our control, and we are not responsible for any third-party websites, or the accuracy, sufficiency, correctness, reliability, veracity, completeness, or timeliness of their information, links, changes, or updates.

Opt-Out

If you wish to stop receiving marketing or promotional communications or to opt out of use of your information for the purposes described in this policy, please follow the opt-out instructions, such as clicking "Unsubscribe" (or similar opt-out language), in those communications. You can also contact us at dev@won.trade to opt out.

Your Rights

Depending on your jurisdiction, you may have the following rights regarding your personal data:

  • Right of access: You may request a copy of the personal data we hold about you.
  • Right to rectification: You may request that we correct any inaccurate personal data.
  • Right to erasure: You may request that we delete your personal data, subject to certain exceptions (including data stored on public blockchains).
  • Right to restrict processing: You may request that we limit our use of your personal data.
  • Right to data portability: You may request a copy of your personal data in a structured, commonly used, and machine-readable format.
  • Right to object: You may object to our processing of your personal data for certain purposes.

To exercise any of these rights, please contact us at dev@won.trade.

Security

We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used, or accessed in an unauthorized way, altered, or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors, and other third parties who have a business need to know.

Contact

If you have comments or questions about the privacy policies of the Services, contact dev@won.trade.

Changes

The Services may change their privacy policy at any time. Check this page for the latest.