Yep. You can keep the design simple, but you need something to explain what you're doing (or not doing) with people's data. Also, a bit strange this wasn't made available considering you ask for my email address right after the application starts.
We're building the tool to send your bytes peer to peer (UDP hole punching) when it can, which works ~90% of the time. When it fails, we route your bytes through our servers. We don't store your bytes.
Trent here, from WireOver. The tool isn't a virus or malware, don't worry. It's just a file sending tool. We'll put up terms of service and a privacy policy very soon.
Why would anyone download and install an app from a simple splash page like this? It could be anything.