[October 19, 2017] |
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Topia Technology Announces TopiaCoin Initial Coin Offering
Topia Technology is proud to announce its TopiaCoin ICO (Initial Coin
Offering), established to fund the development of the first globally
available secure decentralized file sharing infrastructure, or SDFS.
This ICO will include up to 300,000,000 tokens, and the pre-sale will
begin on October 20, 2017, followed by the public sale on November 6,
2017. Up-to-date information on this ICO can be found at http://topiacoin.io.
TopiaCoin will go to market using a SAFT (Simple Agreement for Future
Tokens) model, vs. the commonly used "utility token" model. This means
that at the time of distribution, which is expected on or before the
Token Generation Event (TGE), TopiaCoin will be usable on their newly
launched network. The company retained Silicon Valley legal pioneers
Wilson Sonsini Goodrich & Rosati for this ICO to provide a financially
responsible investment instrument that meets SEC (News - Alert) Regulation D
requirements.
TopiaCoin was developed to further Topia Technology's mission to ensure
that individuals, businesses, and other organizations have a right to
own and control their data. The creation of an ecosystem around these
technologies is the natural evolution of Topia Technology, whose Secrata
workspaces have enabled secure collaboration and sharing of files and
messaging. By leveraging workspace-defined blockchains, Topia can
provide all the value of a decentralized ystem with the patented
security model the company is known for, having provided it to complex
distributed environments including multiple U.S. military divisions and
other government entities.
"The TopiaCoin ICO is the first step towards a truly game-changing
moment in data security to address the crisis large companies,
governments, and individuals face today," explained Janine Terrano,
founder and CEO, Topia Technology. "We recognized that significant
enhancements could be made to how our technologies serve our clients
through blockchain and TopiaCoin, and look forward to delivering even
more value to enterprises and individuals alike following our TGE."
Topia Technology's SDFS will enable anyone, from any device, to easily
and securely share digital assets with specific recipients. Users can
have the highest level of security, privacy, and confidence in knowing
that neither their data nor their activity can be exploited by a central
authority. Decentralization also helps guard against massive and vicious
attacks all too common in today's digital communities.
TopiaCoin will be used to purchase the creation of new workspaces, pay
workspace members for data replication, and by third parties as a
currency for transactions with their clients. Topia's robust APIs and
libraries will be released fee-free to solutions providers, ensuring
third parties can more efficiently develop services by leveraging
Topia's secure infrastructure, much like an application store does for
mobile device owners today.
Topia will unveil SDFS Alpha in the fourth quarter of 2018, followed
shortly thereafter by its API and libraries. The TGE is currently
planned for the second quarter of 2019.
About Topia Technology
Founded in 1999, Topia Technology securely moves and manages data in
complex distributed environments, including for programs with the US
Army, FAA, Air Force and TSA. Each of these customers requires security
coupled with strict performance metrics-challenges met by the company's
innovative solutions and seasoned engineering team. With a growing focus
on data breaches in and around the enterprise, and the need to ensure
best-in-class levels of data security in highly regulated industries,
Topia's military-grade security platform, Secrata, offers unmatched
security, flexibility and performance for the enterprise. Topia's
world-class engineers specialize in securing data in complex distributed
systems, systems engineering, and distributed architectures, including
service oriented architecture (SOA) and cloud computing. Learn more at topiatechnology.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171019006522/en/
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