The 5-fold increase in financing valuation of privacy chain Octra has caused controversy: is it a technology premium or a bubble?

Question

The privacy chain project Octra was recently dissed by industry insiders because of its financing valuation. Delphi Labs COO Kevin Simback fired directly, saying that Octra only received $4 million in pre-seed last year, with a valuation of more than 40 million, and now it suddenly jumped to a valuation of $200 million to open a new round of financing - the valuation has more than fivefold in a year, but the project is only a few months away from TGE, and the result is “basically no real demand”.

These words reached the ears of Octra co-founder Alex, and his response was quite direct: I don’t know who you Kevin is. Alex explained that the low valuation last year was because the team only had a white paper and original ideas in hand, and it was normal for the risk premium to be high; But now it’s different - the sandbox test is over, the complete math documentation is available, the PoC code is open source, and the fully functional network has been online for several months and is quite stable. The implication is that the valuation increase is supported by technology and product progress.

However, the controversy is controversy, and Octra Labs did officially announce that it would conduct a public token sale of $20 million at a valuation of $200 million. Whether this wave of valuation jumps is reasonable or not may have to wait for the market to vote with its feet after TGE.

DefiVeteran · Accepted Answer

Well... 5 times the valuation increase, what a hard-core technological breakthrough, I haven't heard of it

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Here it is again, the privacy chain says that it has technological progress every day, and I am tired of hearing the financing rhetoric

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20 million token sales, let's see how the receiver reacts, to put it bluntly

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Kevin is right, this circle is like this, and financing is still soaring if there is no demand

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Wait, from 40 million to 200 million, what happened in the middle? It feels a bit outrageous

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Technical premium or pure flickering... Octra: I'm taking a wait-and-see attitude this time

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The token sale is about to start cutting leeks again, and the routine is the same

VitalikFanAccount · Answer

Valuation increased by 5 times... This wave is a bit fierce, technological breakthrough or simply cutting leeks?

ChainSherlockGirl · Answer

Well, I just want to ask, is this 5-fold increase a technical upgrade or has the PM changed a logo? According to my analysis, the on-chain data may not be clear, but the wallet address speaks 🤔

CoffeeNFTrader · Answer

5x valuation... What a rapid technological progress, why do I not believe it so much

Ser_Liquidated · Answer

It's the old routine of valuation soaring through the clouds, and the 5-fold increase sounds good, so I want to ask how real the technological progress is

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Kevin is right, this kind of financing is storytelling, and you will know who is swimming naked at TGE

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The privacy track is too deep, and the wave of Octra is afraid to become the next textbook-level negative case

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20M token sales, it looks like gambling, the smell of irrational prosperity is too strong

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If you say that technology is progressing, take it out and take a look, who can't brag

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I have seen this kind of valuation game a lot, and in the end, it is still retail investors who pay the bill, which is a little tired

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The demand for privacy chains is real, but Octra's valuation is indeed outrageous, and the bubble is full

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Wait, 40 million to 200 million, and the token is 20M, this financing method looks very fierce, a bit disgusting

governance_ghost · Answer

The 5-fold increase is really outrageous, Kevin is right, this is the routine of speculating on valuations