Delphi Labs COO questioned Octra's $200 million valuation financing, and the co-founder responded that it has complete technical and operational network support

Delphi Labs Chief Operating Officer Kevin Simback recently publicly questioned the rationality of the privacy chain project Octra launching a new round of financing at a valuation of $200 million. He said Octra completed an early-stage funding round last year with just $4 million in pre-seed, when it was valued in the $40 million range, and now its valuation has more than fivefold in a year and there are only a few months left before TGE, but there is “little real demand.” In response, Octra co-founder Alex responded that he did not know Kevin Simback. It emphasized that the low valuation of pre-seed was because the team only had a white paper and original idea at the time, which was a typical risk premium; Now that the project has completed sandbox testing, has complete mathematical documentation, open-source PoC, and launched a fully functional network that has been running stably for several months, there is a reasonable basis for valuation improvement. Previously: Octra Labs announced a $20 million public token sale at a valuation of $200 million