Smart App- privacy concerns

I came across this app called Smart App which apparently pays you monthly just for having it connected but also has access to all your data. To what extent is my privacy protected. Will this app have access to my personal information? Anyone use this or used it before that can explain?

submitted by /u/californiaboy313
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source https://www.reddit.com/r/beermoney/comments/lc5dnk/smart_app_privacy_concerns/