Delphi Labs COO questions Octra's $200 million valuation funding round; co-founder responds that they already have complete technology and operational network support.

Kevin Simback, COO of Delphi Labs, recently publicly questioned the rationale for the privacy blockchain project Octra to launch a new round of financing at a valuation of $200 million. He stated that Octra only completed an early-stage financing round last year with $4 million in Pre-seed, at which time its valuation was approximately $40 million. Now, its valuation has increased more than fivefold in a year, and with only 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 lower valuation of Pre-seed was because the team only had a white paper and initial concept at that time, which was a typical risk premium; while now the project has completed sandbox testing, has complete mathematical documentation, an open-source PoC, and a fully functional network that has been running stably for several months, therefore the valuation increase has a reasonable basis. Previous news: Octra Labs announced a $20 million public token sale at a valuation of $200 million.