Octra announces $20M public token sale on Sonar at $200M valuation

Octra Labs is launching a $20 million public token sale for its privacy-focused blockchain project, Octra, through the Sonar platform. The sale will offer 10% of the OCT token supply at a fully diluted valuation (FDV) of $200 million. This commitment-style sale is modeled after Ethereum’s 2014 ICO, allowing unlimited participation with pro rata token distribution to promote decentralization. All tokens sold will be fully unlocked and distributed after the sale, with any unsold tokens burned. The $200 million FDV represents a doubling of Octra’s previous valuation from its earlier raise on Echo, where it secured $4 million, and follows previous funding of $4 million in a pre-seed round.

(Source：Crypto Briefing)