PANews reported on December 10th that Octra Labs, the organization behind the privacy-focused blockchain project Octra, will hold a public token sale on the Sonar by Echo platform on December 18th. Octra stated on Tuesday that the week-long sale plans to sell 10% of the OCT token supply at a fully diluted value (FDV) of $200 million, aiming to raise $20 million. The sale will be a fixed-price, commitment-based event, where any number of participants can deposit funds and receive tokens proportionally, a design intended to maximize decentralization. Octra stated that if demand is high, the sale share may increase, unsold tokens will be burned, and all sold tokens will be unlocked and distributed shortly after the sale ends.

Octra stated that early investors hold 18% of the OCT token supply, Octra Labs holds 15%, and 67% is allocated to the community, including early users, validators, funded entities, Echo participants, and ICO buyers. No single investor holds more than 3% of the tokens. Octra co-founder Alex revealed that the $200 million valuation is double Octra's previous valuation in its Echo funding round. Earlier this year, Octra raised $4 million on Echo and also secured $4 million in Pre-Seed funding from investors including Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs.