octra

Octra Labs co-founder cited regarding "Fago cancels pre-sale" stated: "Octra Labs will not cancel the ICO, but will withdraw all unsold tokens from circulation, even if none are sold."The team stated that the initial valuation of the ICO will no longer matter in ten years; what truly matters is to decentralize the tokens and distribute them to more users, rather than catering to institutions seeking better entry points.

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.

The team behind the privacy blockchain project Octra, Octra Labs, will hold a public token sale on the Sonar platform on December 18. Sonar is a token issuance platform launched by Jordan "Cobie" Fish, recently acquired by Coinbase's ICO platform Echo.This week-long token sale aims to raise $20 million by selling 10% of the total OCT token supply, corresponding to a fully diluted valuation (FDV) of $200 million, Octra stated on Tuesday. The sale will adopt a fixed price + commitment-style distribution model, allowing any number of participants to deposit funds and receive tokens proportionally, designed to maximize decentralization.Octra indicated that if demand is strong, the sale allocation may increase; any unsold tokens will be burned. All sold tokens will be fully unlocked and distributed shortly after the sale ends. The $200 million valuation is double the valuation from Octra's earlier round of funding on Echo earlier this year (raising $4 million). Additionally, Octra previously completed a $4 million pre-seed round with participation from investors such as Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs.Regarding token distribution: early investors hold 18% of OCT, Octra Labs holds 15%, and 67% is allocated to the community, including early users, validators, grants, Echo participants, and ICO purchasers. Octra stated that no investor holds more than 3% of the tokens.

ChainCatcher news, the FHE blockchain network octra has completed a $4 million Pre-Seed round of financing, led by Finality Capital, with participation from Big Brain Holdings, Karatage, Presto, Builder Capital, and others.octra is releasing a public WASM sandbox to demonstrate the efficiency of hypergraphs in FHE, and octra is in the final stages of development, with the mainnet expected to launch next year.It is reported that Octra is an FHE blockchain network that supports isolated execution environments, with most of its codebase developed in languages such as OCaml, AST, ReasonML, and C++.