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.
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.
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.
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.”
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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
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