logo

Delphi Labs COO Questions Octra's Public Sale Valuation, Octra Co-founder Responds Stating That the Current Project Progress Can Support the Valuation Increase

By: theblockbeats.news|2025/12/10 03:45:54
Share
copy

BlockBeats News, December 10th, Delphi Labs COO Kevin Simback questioned the legitimacy of the public sale of the privacy-focused blockchain project Octra at a $2 billion valuation. He stated that over a year ago, they completed a $4 million seed round, and he estimated the valuation at that time to be at most $40 million. Now, with the valuation multiplied by over 5 times, they are planning for a Token Generation Event (TGE) in a few months with "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 because the team only had a whitepaper and the initial concept at that time, which was a typical risk premium. Now, the project has completed sandbox testing, has a full mathematical document, an open-source Proof of Concept (PoC), and has launched a fully functional network that has been stable for several months, hence the valuation increase has a reasonable foundation.

Previously reported, the team behind Octra, Octra Labs, will hold a public token sale on the Sonar platform on December 18th. Sonar is a token issuance platform launched by Jordan "Cobie" Fish, from the recent ICO platform Echo, which was acquired by Coinbase. This one-week token sale aims to raise $20 million, selling 10% of the total OCT token supply, corresponding to a fully diluted valuation (FDV) of $2 billion.

You may also like

Crypto Derivatives Volume Skyrockets to $86 trillion in 2025 as Binance Dominates

Key Takeaways Cryptocurrency derivatives volume has surged to an astronomical $86 trillion in 2025, equating to an average…

Trump’s World Liberty Financial Token Ends 2025 with a Significant Decline

Key Takeaways The World Liberty Financial token launched by the Trump family faced a turbulent year, ending 2025…

Samourai Wallet Co-Founder Begins Prison Term Amidst Crypto Privacy Debate

Key Takeaways Keonne Rodriguez, the co-founder of Samourai Wallet, shares the emotional experience of his first day in…

Trump’s World Liberty Financial Token Ends 2025 Over 40% Down

Key Takeaways: World Liberty Financial, a crypto venture by the Trump family, ends 2025 with significant losses, with…

Samourai Wallet Co-Founder Reflects on First Day of Incarceration and the Quest for Executive Clemency

Key Takeaways Keonne Rodriguez, the co-founder of Samourai Wallet, is serving a five-year sentence, shedding light on the…

Crypto Prediction Markets: Crypto.com’s Fairness and Coinbase’s Acquisition

Key Takeaways Prediction markets are increasingly becoming integral to the cryptocurrency sector, attracting major attention from exchanges, venture…

Popular coins

Latest Crypto News

15:46

DeBot: Will promptly compensate affected users, and recommend transferring assets from the at-risk wallet to a secure wallet

BlockBeats News, December 27. In an official update post, DeBot announced, "To safeguard user assets, you can quickly transfer assets from the at-risk wallet to a secure wallet address.Quick Transfer Steps:1. Go to the DeBot asset management page.2. Click the 'Transfer' button to transfer the balanc...
15:46

SlowMist: Debot Risk Wallet User Private Key Theft, Hacker Currently Profits $255,000 Assets

BlockBeats News, December 27th, Slowmist founder Wu Xie posted that "I am currently following up on the DeBot theft incident, examining the on-chain situation. The private keys of the risk wallets previously marked by Debot have been stolen. The hacker currently holds $255,000 worth of assets, and t...
15:16

DeBot Suspected to Be Compromised, Official Statement Says Safe Wallet Address Operating Normally

BlockBeats News, December 27th. According to community reports, some users have claimed that the DeBot wallet may have been compromised, leading to abnormal asset transfers.In response to this incident, the DeBot team stated, "The DeBot secure wallet address is functioning normally and has not been ...
15:16

Next Week Macro Outlook: Fed Minutes to Reveal Rate Cut Clues for Next Year

BlockBeats News, December 27th - Last week, despite the Christmas holiday in the peripheral market, the prices of gold, silver, and platinum all soared to historic highs, continuing the precious metals' historic year-end rally. Driven by safe-haven sentiment and rate cut expectations, spot gold cont...
13:16

The Flow Foundation is currently investigating a potential security incident that may impact the Flow network.

BlockBeats News, December 27th, according to official sources, the Flow Foundation is investigating a potential security incident that may affect the Flow network. Currently, the engineering team has been collaborating with network partners to actively promote risk mitigation and response efforts. O...
Read more
Community
iconiconiconiconiconiconicon

Customer Support：@weikecs

Business Cooperation：@weikecs

Quant Trading & MM：[email protected]

VIP Services：[email protected]