[Octra to Conduct $20 Million Public Token Sale on Sonar on December 18, Valued at $200 Million] According to The Block, the organization behind the privacy-focused blockchain project Octra, Octra Labs, will hold a public token sale event on the Sonar by Echo platform on December 18. Octra announced on Tuesday that the week-long sale is planned to sell 10% of the OCT token supply at a fully diluted valuation (FDV) of $200 million, aiming to raise $20 million. The sale will adopt a fixed-price, commitment-based format, allowing any number of participants to deposit funds and receive tokens proportionally. This design aims to achieve maximum decentralization. Octra stated that if demand is strong, the sale allocation may increase, and unsold tokens will be burned. All sold tokens will be unlocked and distributed shortly after the sale concludes. Octra revealed 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, grant recipients, Echo participants, and ICO buyers, with no investor holding more than 3% of the tokens. Octra co-founder Alex disclosed that the $200 million valuation is double the valuation of Octra's previous fundraising on Echo. Earlier this year, Octra raised $4 million on Echo and also secured $4 million in Pre-Seed funding from investors such as Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs.