CoinVoice has recently learned that, according to The Block, the organization behind the privacy-focused blockchain project Octra, Octra Labs, will hold a public token sale on December 18 on the Sonar by Echo platform. Octra announced on Tuesday that this week-long sale plan aims to sell 10% of the OCT token supply at a fully diluted valuation (FDV) of $200 million, with a target of raising $20 million. The sale will adopt a fixed price, commitment-based format, allowing any number of participants to deposit funds and receive tokens proportionally, designed to achieve maximum decentralization. Octra stated that if demand is strong, the sale allocation may increase, and any unsold tokens will be burned, with all sold tokens being unlocked for distribution shortly after the sale ends. Octra mentioned 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, grantees, Echo participants, and ICO purchasers, with no investor holding more than 3% of the tokens. Alex, co-founder of Octra, revealed that this $200 million valuation is twice that of Octra's previous fundraising valuation on Echo. Earlier this year, Octra raised $4 million on Echo, and additionally secured $4 million in Pre-Seed funding from investors such as Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs. [Original link]