[Octra to Launch $20 Million Token Sale on Sonar at a $200 Million Valuation] BlockBeats News, December 10 – 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 the ICO platform Echo, which was created by Jordan 'Cobie' Fish and recently acquired by Coinbase. The 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 allocation model, allowing participants to deposit funds and receive tokens proportionally. This design is intended to maximize decentralization. Octra noted that if demand is high, the sale allocation may increase; any unsold tokens will be burned. All sold tokens will be fully unlocked and distributed shortly after the sale concludes. The $200 million valuation is double the valuation from Octra's earlier fundraising round on Echo this year, where it raised $4 million. Additionally, Octra previously completed a $4 million pre-seed funding round with participation from investors such as Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs. Token allocation: - Early investors hold 18% of OCT - Octra Labs holds 15% - 67% is allocated to the community, including early users, validators, grants, Echo participants, and ICO buyers Octra stated that no single investor holds more than 3% of the tokens.