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FAQ

A list of the most frequently asked questions to help you out

Q20What is an SRO?
An SRO, which stands for self-regulatory organization, is an organization that has some authority over an industry or profession. The regulatory authority could exist in a place of government regulation, or applied in addition to government regulation.
Q19What is VQF?
VQF, which stands for Verein zur Qualitätssicherung von Finanzdienstleistungen, is an organization that provides services to financial intermediaries in the parabanking sector in Switzerland. The association provides supervisory, inspection, audit, training, and advisory services to its members.
Q18Where can I make other inquiries?
If you have any other inquiries, please email us at support@hdactech.com.
Q17Why is the company based in Switzerland?
Switzerland has a law in establishing foundations/corporations related to cryptocurrency. It provides the best environment for Hdac to develop from the support and well-established infrastructure. We have reviewed other countries such as Singapore, but Switzerland provides the best environment for the Hdac Foundation.
Q16When can we use the transfer function?
After the Hdac TGE, the 'transfer' function will be added. Detailed information will be announced on the website.
Q15Can I see the Bitcoin address after I sign up on the website?
As soon as the Hdac TGE begins on the 27th of November, members can create Bitcoin wallets. Detailed information will be announced before the TGE.
Q14What is the AML?
Anti money laundering (AML) refers to a set of procedures, laws and regulations designed to stop the practice of generating income through illegal actions. Though anti-money-laundering laws cover a relatively limited number of transactions and criminal behaviors, their implications are far-reaching. For example, AML regulations require institutions issuing credit or allowing customers to open accounts to complete due-diligence procedures to ensure they are not aiding in money-laundering activities. The onus to perform these procedures is on the institutions, not on the criminals or the government.
Q13What is the KYC?
Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients. The term is also used to refer to the bank and the anti-money laundering regulations which governs these activities. Know your customer processes are also employed by companies of all sizes for the purpose of ensuring their proposed agents, consultants, or distributors are anti-bribery compliant. Banks, insurers and export creditors are increasingly demanding that customers provide detailed anti-corruption due diligence information.
Q12What is FINMA?
The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges, and securities dealers, as well as other financial intermediaries in Switzerland.
Q11Is KYC certified?
We conduct KYC / AML for the Hdac TGE protection in accordance with the FINMA regulations.
Q10What is the current sales volume of Hdac?
After the Hdac TGE, the total sales volume(including the presale volume), will be summarized and released on the website.
Q9Where will you use the Bitcoins collected through the TGE?
We will use it to fund the development of Hdac and its services.
Q8What is the minimum and the maximum participating value?
The minimum participating value is 0.1 BTC and there is no limit for the maximum value. We give a full refund if you transfer less than 0.1 BTC.
Q7How safe is the security of Hdac?
Hdac implements multi-factor authentication scheme by applying the quantum random number which complements the vulnerability of the pseudo random number. For more information, please check our White Paper.
Q6How is the value of Hdac decided?
The price of Hdac is decided by market demand. If the demand increases, the price will also increase.
Q5Where can I check my Hdac balance?
You can check your Hdac balance from My Transactions.
Q4How is Hdac issued?
After you send Bitcoins to a designated wallet address, the transferred volume will be checked and the issuance will take place in the sent corresponding order.
Q3What is an IoT contract?
An IoT contract is a machine-to-machine (M2M) service that controls all the devices in the blockchain network. It is able to do this by embedding a smart contract to the IoT device and sharing the address of the device in the network.
Q2Who created the Hdac platform and who controls the Hdac network?
A designated owner in particularly does not exist in the Hdac network. The Hdac platform can be updated by the developer when there is an agreement by the majority of the nodes. However, Hdac is controlled by all participants in the transaction.
Q1What is Hdac?
Hdac is an IoT contract platform based on blockchain, that not only exchanges but also restricts the usage of connected devices.

PRIVACY POLICY

1. Introduction.

Hdac Technology AG respects the privacy of its Members, Contributors, Users or Clients and is dedicated to controlling the use and disclosure of information provided by Members, Contributors, Users or Clients using the Site. This Privacy Policy (the “Privacy Policy”) sets forth Hdac Technology AG’s policies regarding collection, storage, access, use and disclosure of information relating to a Member’s, Contributor’s, User’s or Client’s registration and use of the Site. Any terms not defined herein shall have the meaning set forth in the Terms & Conditions, the Transaction Terms & Conditions or the User Agreement.

2. Information Collection, Use And Disclosure Activities.

2.1 Registration Information.

To ensure that only legitimate entities and individuals are able to access the non-public areas of the Site and enter into transactions, we require each potential Member, Contributor, User or Client to, by using the Registration Page on the Site, provide (i) information regarding themselves (including name, e-mail address, job title, work address and work phone number), and (ii) information regarding their Company (including Company name and parent Company’s name and address). Upon receipt of Your registration data, Hdac Technology AG may contact You or Your Company to obtain other background information used by Hdac Technology AG to evaluate an applicant's qualifications for Membership, Contribution and/or Participation. Other than as specified in this Privacy Policy, the registration information will be used only internally by Hdac Technology AG and will not be disclosed to third parties without the applicable Member’s, User’s or Client's prior written consent. Notwithstanding of the before mentioned, Hdac Technology AG is obliged to report suspicious transactions and facts about individuals including Contributors to the relevant authorities without further notification and without becoming liable for any damage such action may cause.

2.2 References.

In addition to the information specified in Section 2.1, Hdac Technology AG may require Members, Contributores, Users or Clients or prospective Members, Contributors, Users or Clients to provide Hdac Technology AG with Company references to allow Hdac Technology AG to verify a Company’s capacity, legitimacy and reputability. Hdac Technology AG may provide such references to parties with which a Member, User or Client enters into a Negotiation to assure such parties that Company can meet its prospective obligations thereunder.

2.3 Member, Contributors, User or Client Profile.

Each Member, User or Client will create a Member, Contributor, User or Client profile that includes, among other things, information about this Member, Contributor, User or Client. Information in a Member, Contributor, User or Client profile are accessible only by the applicable Member, Contributor, User or Client, the Member, User or Client’s Group Administrator and Hdac Technology AG. Certain Member, Contributor, User or Client profile information will be provided to the parties engaged in a Negotiation in accordance with Section 2.5. Other than as permitted under this Privacy Policy, Member, Contributor, User or Client profile information will not be disclosed to third parties without the applicable Member, Contributor, User or Client's prior written consent.

2.4 Member, Contributor, User or Client Information.

(a) Hdac Technology AG may collect, use and disclose both on and off the Site, for marketing and other purposes, certain general, demographic and statistical information regarding Site usage and transactions. (b) To assist Member, User or Clients in selecting companies they may do business with through the Site, Hdac Technology AG may make available to Member, Contributor, User or Clients and non-Member, Contributor, User or Clients certain performance statistics of all Companies, provided that such statistics shall not include any Company-identifiable pricing information.

2.5 Technical and Usage Information.

To operate the Site, enhance its functionality, and ensure that Members, Contributors, Users or Clients Negotiations and communications are convenient, dependable and secure, Hdac Technology AG may collect, store and use technical and Site usage information relating to a Member, Contributor, User or Client's activities on the Site. Such information includes the Internet Protocol (“IP”) address from which a Member, Contributor, User or Client accesses the Site, which is used only internally by Hdac Technology AG as required for server operation and other technical uses, and is not disclosed to Members, Contributors, Users or Clients or other persons. Hdac Technology AG may also track the pages of the Site accessed by Members, Users or Clients.

2.6 Member, Contributor, User or Client Communications.

Hdac Technology AG may use Member, Contributor, User or Client contact information, such as e-mail addresses, to communicate with Members, Users or Clients regarding registration and transactions, to notify Members, Contributors, Users or Clients of changes in Site functionality and features, product and service updates, policy changes, billing and other activities relating to a Members, Contributors, Users or Client's use of the Site, and for marketing purposes.

2.7 Legal Compliance.

In addition to the disclosures permitted pursuant to this Privacy Policy, Hdac Technology AG may provide Member, Contributor, User or Client information in connection with legal, administrative or judicial inquiries, claims or orders to the extent necessary to comply therewith or to enforce a User Agreement.

3. Collection And Use Of Information Using Cookies.

As with many state-of-the-art Internet sites, the Site uses “cookies” to enhance the functionality of the Site and to make transactions and other activities more convenient and efficient for Members, Contributors, Users or Clients. A “cookie” is a file stored locally on computers used to access the Member, Contributor, User or Client account that contains information relating to a Member, Contributor, User or Client's past use of the Site. For example, a cookie may contain information previously entered on a Site form, which may be recalled as default information when that form is accessed at a later time. This prevents re-entry of frequently used information each time a Member, Contributor, User or Client account is accessed. Cookies are also useful in streamlining log-in and in preserving transactional information between sessions. Cookies will likely play an increasingly important role as we enhance the ability of Members, Contributors, Users or Clients to customize the functionality of the Site to better meet their needs and preferences. Most Internet browsers include preference settings that allow users to be notified and control whether cookies are transferred to their computers. Please review Your browser's documentation or “help” feature for more information on that functionality. Although disabling cookies will not affect a Member, User or Client's ability to transact business on the Site, it may make such activities more time consuming.

4. Linked Sites.

The Site may contain hyperlinks through which other Internet websites may be accessed by Members, Contributors, Users or Clients. Hdac Technology AG is not responsible for and cannot make any assurances regarding privacy, or other policies or practices of the operators of such websites. Such links are provided only for the convenience of our Members, Contributors, Users or Clients, and the presence of any link does not imply that Hdac Technology AG endorses, approves or is responsible for such websites.

5. Security.

Hdac Technology AG is very concerned with the security of information relating to our Members, Contributors, Users or Clients' use of the Site and has implemented systems and procedures to prevent unauthorized access to that information including the use of Secure Sockets Layer (SSL) connection and password protection. Each Member, Contributor, User or Client will create its own username and password, the secrecy of which is the sole responsibility of the Member, Contributor, User or Client. In the event the integrity of a Member, Contributor, User or Client’s password is compromised, the Member, Contributor, User or Client shall immediately change its password.

6. Updates To The Privacy Policy.

Hdac Technology AG may update this Privacy Policy from time to time as new features and services become available on the Site and to keep pace with technological developments. The new terms shall be effective ten (10) days after they are initially posted on the Site. It is the responsibility of the Member, Contributor, User or Client to review the latest terms. If You do not agree with updated Privacy Policy, You should immediately cease use of the Site and the Services.