Delphi Labs COO questions Octra's $200 million valuation financing, co-founder responds that there is already a complete technology and operational network to support it

Delphi Labs COO Kevin Simback recently publicly questioned the rationale behind the privacy chain project Octra initiating a new round of financing at a valuation of $200 million. He stated that Octra only completed early financing of $4 million in a Pre-seed round last year, with a valuation of around $40 million at that time. Now, the valuation has increased more than fivefold in just one year, and with only a few months left until the TGE, there is "almost no real demand."

In response, Octra co-founder Alex stated that he does not know Kevin Simback. He emphasized that the low Pre-seed valuation was due to the team only having a white paper and initial concept at that time, which is a typical risk premium; whereas now the project has completed sandbox testing, has a complete mathematical document, an open-source PoC, and has launched a fully functional network that has been running stably for several months, thus providing a reasonable basis for the valuation increase.