FREQUENTLY ASKED QUESTIONS
All the answers…
WHAT INFORMATION IN MY PROFILE DOES MYSTANDARD HAVE ACCESS TO AND SELL?
MyStandard does not have access to any of your decentrally stored information in your profile unless you approve a data request from MyStandard. With the exception of our core business, allowing users and organizations to exchange tokens for data, we have no products or services to offer that relate to the selling of your data or metadata.
IF YOU’RE NOT SELLING MY DATA TO THIRD PARTIES AND ADVERTISERS, HOW DOES MYSTANDARD MAKE MONEY?
MyStandard will take a to-be-determined percentage of every transaction as a service fee once organizations start to make requests to users. The goal of MyStandard is for our business to take a small percentage of each transaction passing the rest onto the user who provided the data. We want to end the practice of data retailers keeping 100% of revenue from data transactions.
WHERE IS THE MYSTANDARD PROFILE DATA STORED?
The information in your MyStandard Profile is stored in two places. Some of your information is stored on a server hosted by AWS, the rest is stored with decentralized storage protocol; not on a server owned by MyStandard. We are migrating more data away from AWS to decentralized storage over time as the network grows and the tech progresses. Our goal is for 100% of user data to be stored decentrally.
IS A MYSTANDARD PROFILE A CRYPTO-CURRENCY WALLET?
As part of the profile creation process, a crypto token wallet is created and linked with your profile. That wallet is used to store your MyStandard Tokens. We use Tor.Us for the wallet creation process.
HOW DO I DELETE MY PROFILE?
Since you are the key holder for your data, MyStandard cannot delete your profile for you. You can delete your MyStandard account on the settings tab. Click the red “Delete Account” button at the bottom and complete the confirmation.