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TopiaCoin Private Sale: An Opportunity for Accredited Investors

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TopiaCoin is in the midst of its pre-sale. This sale will run until the Token Generation Event and is open to qualified accredited investors. There are a number of things that we like about TopiaCoin and why accredited investors should consider participating.

Topia Technology

First off, a little background on the company behind all of this. Topia Technology develops digital data security, integrity, and privacy products for military and highly regulated enterprise applications. Topia Technology is the only enterprise security platform providing triple-layer encryption and separation end-to-end, protecting against brute force attacks and more innovative security threats. It has offered unparalleled security, flexibility, and performance for US government agencies such as the Air Force, Army, FAA, TSA and other enterprises that have required protection coupled with strict performance metrics.

Topia Technology recognizes the need to securely share and electronically transfer a class of sensitive data such as medical records, contracts, tax records, wills, voting ballots, tickets, software, and images, among others. The company is now combining the blockchain and peer-to-peer data transfer protocols with the security of Secrata, its premier enterprise data security technology, to create a secure distributed file sharing system (SDFS). The Network will allow users to securely share Digital Assets as files or pieces of a file with the confidence of a cryptographically verified record of all transactions.

In connection with the Network, the Company is sponsoring an issuance and release of Tokens during the Token Generation Event. The Tokens will allow, among other things, holders to transact on the Network using the application programming interfaces (APIs), programming libraries, and protocols developed by the Company. TopiaCoin will be the only means of payment on the SDFS Network.

SAFT

Topia, in partnership with law firm Wilson Sonsini Goodrich & Rosati, is committed to protecting its investors and staying current with SEC regulations. Together, they have structured TopiaCoin as a security that if offered through a Simple Agreement for Future Tokens (SAFT). To understand how a SAFT works, it goes like this:

  • The developer of a token-based decentralized network enters into a written agreement, called a SAFT, with accredited investors. The SAFT calls for investors to pay money to the developer in exchange for a right to tokens once the network is completed.
  • The developer uses the money to develop the network.
  • Once the network’s basic functionality exists, the developer creates the tokens and delivers them to the investors, who can sell tokens to the public on the open market to realize their profit.

For all purchases of TopiaCoin, 50% of the purchased tokens will vest immediately upon completion of the Token Generation Event. The remaining 50% of the Tokens will vest linearly according to the vesting period, which comprises a 6-month vesting period and a 12 month vesting period.

The maximum token supply possible is approximately 300,000,000 Tokens. Under the SAFT, inclusive of all rounds, investors will have the opportunity to purchase up to 240,000,000 Tokens. The Company will hold 20% of the total supply of tokens based on the number of tokens sold, up to approximately 60,000,000.

During the ICO, qualified investors will have the opportunity to purchase up to 210,000,000 Tokens for future delivery.

The Company will use the proceeds for the following purposes:

  • 65% for development of the network
  • 30% for sales, marketing and token community development
  • 5% for special projects

It is currently anticipated that the Company will develop the Tokens and the Network by the second quarter of 2019.

Topia Team

We see Topia completing its roadmap and fulfilling its vision because of the team involved. It’s important to remember that Topia Technology has been around for over 15 years. They know the security and encryption space having offered unparalleled security, flexibility, and performance for US government agencies such as the Air Force, Army, FAA, TSA and other enterprises that have required protection coupled with strict performance metrics.

In addition, the board of advisors has a number of notable names, including Stan Larimer. Larimer is the co-founder of BitShares, a platform blockchain technology, as well as president and co-founder of Cryptonomex, a software development services company providing blockchains and related technology. He said upon joining Topia:

“Today, there is no real data security for blockchain-based applications and there is a huge need in the marketplace for a security layer. TopiaCoin will be the first to market with military-grade security and this will bring great value to the blockchain and BitShares community. I am excited to be involved with Topia Technology, a well-established company that is really going to make a world of difference in the future of blockchain through the introduction of TopiaCoin.”

Bottom line

We see TopiaCoin as a unique opportunity for accredited investors. The best part is that accredited investors can get involved for as little as $10,000 in ETH, BTC, BTS or USD. For more information, check out the TopiaCoin Website, White Paper, Medium, Twitter, and Telegram.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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