Purpose:

The Data Retention Policy explains how long user data is stored within the Oxy ecosystem and the reasons behind those timelines. We are committed to safeguarding user privacy while balancing the operational needs of our services.

1. Data Types and Retention Duration

Different data types have different retention periods. Social posts, comments, and other user-generated content are retained for up to five years unless deleted by the user. Transaction data and records related to housing applications are stored for a longer period due to legal or operational requirements.

2. User Rights Regarding Data Deletion

Users have the right to delete their data at any time through their account settings. Certain data, such as transaction records required for compliance or legal reasons, may be retained even after account deletion to meet regulatory obligations.

3. Storage Duration and Rationale

We store data only as long as it is necessary for operational purposes or to comply with legal requirements. For instance, transaction records are kept for audit and regulatory purposes, while user activity logs are retained to help in security and fraud detection.

4. Anonymization and Aggregation

After the end of the retention period or upon user deletion requests, we may anonymize certain data to use it for statistical purposes. This ensures that personal identifiers are removed while enabling us to improve our services.

5. Data Storage Security

All user data is stored securely, with encryption applied where appropriate to protect sensitive information. We have measures in place to prevent unauthorized access and ensure that data is retained according to its intended purposes.

6. Policy Updates

This Data Retention Policy is subject to change as legal requirements or business needs evolve. We will notify users of significant changes and encourage periodic reviews of the policy to stay informed.

Our Commitment:

Oxy is committed to respecting user privacy and ensuring that data is only kept for as long as necessary to fulfill the purposes described above. Your trust is important to us, and we aim to handle all data responsibly and transparently.