[Delphi Labs COO Questions Octra's Public Offering Valuation as Too High, Octra Co-Founder Responds That Current Project Progress Justifies the Valuation Increase] BlockBeats News, December 10: Delphi Labs COO Kevin Simback published a post questioning the rationale behind the $200 million valuation for the public offering of the privacy chain project Octra. He stated that over a year ago, they completed a $4 million seed round of financing, and he estimated that the valuation at that time was at most $40 million. Now, the valuation has increased more than fivefold, with a TGE planned in a few months, yet there is "almost no real demand." In response, Octra co-founder Alex stated that he does not know Kevin Simback. He emphasized that the lower pre-seed valuation was due to the team only having a white paper and initial concept at the time, which is typical of risk premiums. However, the project has now completed sandbox testing, possesses comprehensive mathematical documentation, an open-source PoC, and a fully functional network that has been running stably for several months, thus providing a reasonable basis for the valuation increase. Previously reported, the team behind Octra, Octra Labs, will hold a public token sale on the Sonar platform on December 18. Sonar is a token issuance platform launched by Jordan "Cobie" Fish, which was recently acquired by Coinbase as part of the ICO platform Echo. The one-week 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.