Privacy chain Octra to launch public token sale: $20 million fundraising target at $200 million valuation

[Chain News] Privacy-focused blockchain project Octra is gearing up for a big move—they’re launching a public token sale on December 18 on the Sonar by Echo platform.

Their approach this time is quite interesting: they plan to offer 10% of the total OCT token supply for sale at a $200 million fully diluted valuation, aiming to raise $20 million. The sale will last for one week and use a fixed price commitment mechanism—in simple terms, no matter how many people participate, everyone will receive tokens proportionally, with the goal of making the token distribution as decentralized as possible.

If there’s high demand, Octra says they may consider increasing the allocation; if there are unsold tokens, they’ll be burned directly. All tokens sold will be unlocked and distributed soon after the sale ends.

As for the token allocation: early investors will get 18%, Octra Labs will keep 15% for itself, and the remaining 67% will go to the community—including early users, validators, grant recipients, Echo participants, and buyers in this ICO. Notably, no single investor holds more than 3%.

Octra co-founder Alex revealed that this $200 million valuation is double what they had during their previous fundraising on Echo. Earlier this year, Octra raised $4 million on Echo, and then secured another $4 million in a pre-seed round from institutions such as Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs.