TACOMA, Wash.--(BUSINESS WIRE)--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 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 system 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.