Odaily Planet Daily News Delphi Labs Chief Operating Officer Kevin Simback recently publicly questioned the reasonableness of the privacy chain project Octra launching a new round of financing at a valuation of 200 million dollars. He stated that Octra only completed early financing of 4 million dollars in pre-seed last year, with a valuation of about 40 million dollars at that time. Now, the valuation has increased more than five times within a year, and there are only a few months left until TGE, 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 low pre-seed valuation was because the team only had a white paper and initial concept at that time, which is a typical risk premium; whereas now the project has completed sandbox testing, has a complete mathematical document, open-source PoC, and has launched a fully functional network that has been running stably for several months, thus the valuation increase has a reasonable basis.
Previous news: Octra Labs announced a public token sale of $20 million at a valuation of $200 million