PANews
PANews|12月 10, 2025 05:14
[Octra Co-Founder Responds to Criticism of 'Overvalued Public Offering': Supported by Complete Technology and Operational Network] Delphi Labs Chief Operating Officer Kevin Simback questioned the legitimacy of Octra's $200 million valuation for its public offering. He stated that over a year ago, they completed a $4 million seed round of financing, and he estimated the valuation at that time was at most $40 million. Now, the valuation has increased more than fivefold, and a TGE is planned for a few months later, 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 complete mathematical documentation, an open-source PoC, and has launched a fully functional network that has been running stably for several months. Therefore, the valuation increase is based on a reasonable foundation.
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