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ChainCatcher reported that the team behind the privacy blockchain project Octra, Octra Labs, will hold a public token sale on the Sonar platform on December 18. Sonar is a token launch platform introduced by ICO platform Echo, which was created by Jordan “Cobie” Fish and recently acquired by an exchange. This week-long 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, according to Octra on Tuesday. The sale will use a fixed price plus commitment-style allocation model, allowing any number of participants to deposit funds and receive tokens proportionally, designed to maximize decentralization. Octra stated that if demand is strong, the sale allocation may increase; any unsold tokens will be burned. All sold tokens will be fully unlocked and distributed shortly after the sale ends. The $200 million valuation is double Octra’s previous fundraising valuation on Echo earlier this year, when it raised $4 million. In addition, Octra previously completed a $4 million pre-seed round with investors including Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs. In terms of token allocation: early investors hold 18% of OCT, Octra Labs holds 15%, and 67% is allocated to the community, including early users, validators, grants, Echo participants, and ICO buyers. Octra stated that no investor holds more than 3% of the tokens.