Privacy Policy

Last updated on 2023

Welcome to Crypto Project JLT!This Privacy Policy is designed to provide you with a detailed understanding ofhow we collect, use, disclose, and protect your personal information. Byengaging with our platform and services, you acknowledge and agree to the termsoutlined in this policy.


Business description & Keyfeatures:

As a whole concept, JLT aims to build a decentralized peer-to-peer micro gig platform that enables anyone to earn income by completing quick tasks. Examples of the said tasks include data annotation, surveys, app feedback, content creation, web research, and many more exquisite tasks. The platform is powered by the JLT token (JLT) which allows near-instant payouts for work completed without any centralized intermediaries. The project will create a rich ecosystem with many applications for the JLT token, from staking and governance rights to game-fi and investment funds. JLT’s driving force is its core belief in viral but sustainable growth. To that end, many efforts will be undertaken, including the central referral program (thus join-to-earn), staking rewards, buybacks and burns through transaction tax, and much more. All these will enable an unparalleled level of equitable value distributions for all members of this burgeoning ecosystem, thus minimizing supply inflation as user activity grows over time.

Three Kinds of Tokens Generally speaking, there are three kinds of tokens that can be issued to the public:

THEPROTOCOL TOKEN: The first kind of token is the classic “cryptographic currency”. To put it simply, this token is called protocol token because what makes it special is the new or different protocol it uses. It is generally being used solely as an alternative currency, wholly digital. Its underlying blockchain serves nothing more than keeping a ledger of the transactions between token holders. It is usually mined or given away for free at issuance(either by creation of an entirely new network, either via a blockchain split event, a.k.a “airdrop”, or via some commercial sites that offer the token in exchange for some commercial participation, a.k.a “faucets”). In its initial digital issuance, this type of token is rarely exchanged for any value (sold),since initially it has no underlying or practical value at all.

THE UTILITYTOKEN: The second kind of token is being deemed by many as a coupon or a pre-paid gift card, or a coupon. This kind of token is basically a contract for provision of goods or services, to be redeemed by the token holder, once or continuously. In contrast with the protocol tokens which do not have any assets of any kind underlying them and their value is being based purely on mass psychology. The utility token has an actual underlying contractual right. Therefore, its value is determined not only by mass psychology but also by the value of the underlying right attached to it.

THE SECURITY TOKEN: The third kind of token is a digital asset, the purchase of which entitled the owner with number of rights which is similar to securities such as stocks or bonds. There are three major characteristics for an instrument to be deemed as a security: Voting rights in a general assembly or pertaining to important decisions of an entity, profit sharing such as distributions, and/or a right to claim against the Team to redeem the instrument in exchange for a value. Therefore, a security token, for example, might offer voting rights in the issuing entity, or rights in the profits of the issuing entity (or both). The issuing entity might also promise to redeem the tokens’ value when there will be enough capital to do so. These are but examples of rights attached to such tokens, which can be deemed by many jurisdictions throughout the planet to be as securities perse, which therefore require to be compliant with the securities laws and regulations. The Underlying Token First of all, what is the JLT Token? As stated in the Whitepaper, in the public presentations and on the website, the JLT Token is a blockchain-based cryptographic token that can be traded on the blockchain. This token will be used as the main currency on the platform, as an independent store of value for users and holders, and it is the native crypto utility asset, playing a central role in the ecosystem. The native digital cryptographically-secured fungible token of JLT Token (ticker symbol JLT) is a transferable representation of attributed utility functions specified in the protocol/code of JLT, and which is designed to be used as an interoperable utility token inside and outside the platform. The JLT Token is a functional utility Token which will be used as a medium of exchange between participants on JLT in a decentralized manner. The goal of introducing JLT Token is to provide a convenient and secure mode of settlement between participants who interact within and outside the ecosystem of JLT Token. The JLT Token has a significant value for the whole platform. The JLT Token also provides the economic incentives which will be distributed to encourage users to contribute to and participate in the ecosystem, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. One of the JLT Token Team aims is to provide diverse ways of holding benefits for the community. It is, thus, in the company’s intention that the JLT Token will be used a utility asset that can transfer a certain value between holders. Utility Tokens are digital assets that are used to finance the network and incentivize its use by providing the customers with a guarantee of being able to benefit of the full range of the network’s services.

The JLT Project and Token:

Payment Transactions

Since operations with JLT Token do not constitute payment transactions, Annex I (3-4) are not applicable to the services rendered by the Company. 5.6.13. Issuing and/or acquiring of payment instruments According to the definitions in Article 4(13-14), payment instrument means a personalized device(s) and/or set of procedures agreed between the payment service user and the payment service provider, used in order to initiate a payment order, which is an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction. While operations with JLT Tokens do not constitute payment transactions, the Company cannot be considered issuing payment instruments; neither it can be considered acquiring payment transactions.

Money remittance

Money remittance is specified inArticle 4(22) as a payment service where funds are received from a payer,without any payment accounts being created in the name of the payer or thepayee, for the sole purpose of transferring a corresponding amount to a payeeor to another payment service provider acting on behalf of the payee, and/orwhere such funds are received on behalf of and made available to the payee. TheCompany does not render such services; it is only possible to purchase JLTTokens in one’s own name, and the proceeds received are not transferred toanother person.


Payment initiation services

According to Article 4(15), payment initiationservice means a service to initiate a payment order at the request of thepayment service user with respect to a payment account held at another paymentservice provider. The Company does not render such services and does not haveaccess to user’s payment accounts at payment service providers.


Account information services

Account information service isspecified in Article 4(16) as an online service to provide consolidatedinformation on one or more payment accounts held by the payment service userwith either another payment service provider or with more than one paymentservice provider. The Company does not provide such services.


Exemptions for a limited-useinstrument

It is argued that the activities ofthe Company in regard to the issuance and listing of JLT Token do notconstitute payment services at all, and JLT Token cannot be considered paymentinstruments as defined by the PSD II. But even if JLT Token could be considereda payment instrument under the PSD II, the regulations will still beinapplicable due to the exemption provided by the Article 3(k) of theDirective. According to this exemption, PSD II does not apply to services basedon specific payment instruments that can be used only in a limited way, thatmeet one of the following conditions: (i) instruments allowing the holder toacquire goods or services only in the premises of the issuer or within alimited network of service providers under direct commercial agreement with aprofessional issuer; (ii) instruments which can be used only to acquire a verylimited range of goods or services; It seems that the exemption may be appliedto the JLT Token, since they are intended to be used under a limited set ofagreements, only between the users of the Platform and for a limited purpose.Thus, it can be argued that if JLT Token could be considered paymentinstruments, they would likely be also considered only suitable for acquiring avery limited range of services within a limited network of service providersunder direct commercial agreement with the Company.


The provisions in this Sectiononly apply if you are a user who is located in the European Union("EU"). These provisions take precedence over any inconsistentprovisions in the remainder of this Privacy Policy.

Your Personal Data may betransferred outside of the EU. In such cases, we take all reasonableprecautions to apply the appropriate or suitable safeguards set forth by theGDPR, for example, we implemented measures such as appropriate contractualclauses to ensure that the recipients of such transfers will protect and treatyour personal data in accordance with all applicable personal data protectionlaws.

You are entitled to exercise thefollowing rights in accordance with the GDPR:


a) The right to access thepersonal information concerning themselves, to correct or rectify inaccurateinformation and, when applicable, to object to data processing; b) the right oferasure of those data that either have been collected solely based on yourconsent, or they are no longer needed to perform the purpose(s) for which theywere collected for;

b) The right of erasure of thosedata that either have been collected solely based on your consent, or they areno longer needed to perform the purpose(s) for which they were collected;

c) The right to restrictprocessing when such data are no longer needed to perform the purpose(s) forwhich they were collected;

d) The right to have personalinformation provided in a structured, commonly used and machine-readableformat;

e) The right to withdraw consentat any time and without any detriment, as long as the personal data processingis based exclusively on your consent.


1. Information We Collect

a. User-Provided Information:

When you register or use ourservices, we collect personal information necessary for account creation andservice provision, including but not limited to:

Full name

Email address

Contact information (optional)

b. Transaction Details:

For seamless transactionprocessing, we collect detailed information associated with cryptotransactions, including:

Wallet addresses

Transaction amounts


c. Technical Information:

We automatically gather certaintechnical information when you interact with our platform, including:

Device information (e.g., devicetype, operating system)

Browser information (e.g.,browser type, version)

IP address


2. How We Use Your Information

We use the collected informationfor the following specific purposes:

a. Service Provision:

To deliver, maintain, andcontinually enhance the functionality of our platform and associated services.

b. Transaction Processing:

To facilitate and securelyprocess crypto transactions, ensuring the integrity and reliability of ourfinancial services.

c. Communication:

To send important updates,notifications, and responses to your inquiries, keeping you informed about thestatus of your account and our services.

d. Security:

To detect and prevent fraudulentactivities, ensuring the overall security and trustworthiness of Crypto ProjectJLT.


Your account is secure andprotected, please preserve your account and password information properly. Wewill ensure that your information is not lost, abused and altered by storingbackups of other servers and encrypting the user passwords. In spite of theaforementioned security measures, please note that there are no "perfectsecurity measures" on the information network. When using our platformservices for online trades, you will inevitably disclose your personalinformation, such as contact information or postal address, to the counterpartyor other potential counterparties. Please protect your personal information andprovide it to others only if necessary. If you find that your personalinformation have been leaked, especially your account and password, pleasecontact our customer service immediately so that we can take appropriatemeasures.

We will retain personal data inaccordance with the Personal Data Protection Act and/or other applicable laws.That is, we will destroy or anonymize your personal data when we havereasonably determined that (i) the purpose for which that the personal data wascollected is no longer being served by the retention of such personal data;(ii) retention is no longer necessary for any legal or business purposes; and(iii) no other legitimate interests warrant further retention of such personaldata. If you cease to use our Services, we may continue storing, using and/ordisclosing your personal data in accordance with this Privacy Policy and ourobligations under the Personal Data Protection Act and/or other applicablelaws.


3. Information Sharing andDisclosure

We may share your information inthe following circumstances:

a. Third-Party ServiceProviders:

With trusted third-party serviceproviders essential for the delivery and improvement of our services, such aspayment processors, hosting providers, and analytics services.


b. Legal Compliance:

To comply with applicable lawsand regulations, respond to legal requests, and protect our rights andinterests in legal proceedings.

We strictly refrain from sellingor renting your personal information to third parties for marketing purposes.


4. Security Measures

We prioritize the security ofyour information and employ a variety of security measures, including:

Encryption protocols for datatransmission

Secure servers and infrastructure

Regular security assessments andaudits

These measures are in place toprotect your information from unauthorized access, disclosure, alteration, anddestruction.


5. Your Choices

While certain information isnecessary for the proper functioning of Crypto Project JLT, you have thefollowing choices:

Opt-out of receiving promotionalcommunications.

Adjust cookie preferences throughyour browser settings.


6. Cookies and SimilarTechnologies

We use cookies and similartechnologies for:

Enhancing user experience, suchas remembering your preferences

Analytical purposes to improveour services. You can manage your cookie preferences through your browsersettings. Installation of Cookies. When you visit the Platform, thePlatform will use Google Stats via Cookies to record the Platform’s performanceand check the effectiveness of online advertising. Cookies are a small amountof data that is sent to your browser and stored in your computer hard drive.Only when you use your computer to access the Platform can the Cookies be sentto your computer hard drive.

Function of Cookies. Cookiesare frequently used to record the habits and preferences of visitors when theybrowse various items on the Platform. Cookies collect anonymous collectivestatistics which do not contain Personal Data. Cookies cannot be used to obtaindata from your hard drive, your email address or Personal Data; they can enablethe Platform or a service provider’s system to recognize your web browser aswell as capture and remember information.

Disabling Cookies. Mostbrowsers are preset to accept Cookies and you can choose to set their webbrowsers to reject Cookies or to notify you upon the installation of Cookies.You should be aware that they may be unable to start or use certain features ofthe Platform if they opt to disable Cookies. However, if you choose to rejectthe cookies, you may not be able to log in or use our platform services orfunctions that rely on such cookies. This paragraph shall apply to any relevantinformation obtained through cookies set forth by JLT.

7. Changes to This PrivacyPolicy


This Privacy Policy may beupdated periodically, and any changes will be communicated through the platformor our website.


8. Contact Us

If you have questions or concernsabout our Privacy Policy, please don't hesitate to contact us at


By using Crypto Project JLT, you explicitly agree to theterms outlined in this Privacy Policy. If you have any concerns about privacyat JLT, please do not hesitate to contact, we aim to respond to your enquiriesas soon as reasonably practicable.

Our business changes regularly,and our Privacy Notice may change too. You should check our websites frequentlyto see recent changes. Unless stated otherwise, our current Privacy Noticeapplies to all information that we have about you and your account.