Octra Prepares Public Token Sale for $20 Million

The sale will take place on the Sonar platform and will start on December 18 at a valuation of $200 million. This event is attracting attention in the crypto community, as Octra positions itself as an innovative player in the field of fully homomorphic encryption (FHE), which allows data processing without decryption.

Octra, founded in 2021 by Octra Labs, is developing FHE technology from scratch, unlike competitors such as Zama, Fhenix, and Inco, which often license ready-made solutions. The project operates as a standalone Layer 1 blockchain and a decentralized co-processor for ecosystems like Ethereum and Solana. Key applications include private DeFi, dark pools, AI training and inference. Octra's testnet has been running since June 2025, processing over 100 million transactions from 1.5 million accounts with a peak throughput of 17,000 TPS without downtime. The transition to mainnet is expected soon, with a major upgrade in the first quarter of 2026 that will add developer tools, programmable privacy, and EVM compatibility.

The OCT token sale will be in a fixed-price format with commitments, offering 10% of the total supply. Depending on demand, allocations may increase, and unsold tokens may be burned for maximum decentralization. All purchased tokens will be unlocked and distributed immediately after the sale. Token distribution: 18% for early investors (none exceeding 3%), 15% for Octra Labs, and 67% for the community, including early users, validators, grants, and ICO participants.

The Sonar platform, founded by Jordan "Cobie" Fish and recently acquired by Coinbase, has already conducted sales for other projects such as MegaETH and Harmonix, demonstrating market interest in public ICOs. Previously, Octra raised $4 million on Echo (Sonar's predecessor) in 2025 and another $4 million in a pre-seed round from investors like Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs.

This sale is occurring amid a resurgence of interest in privacy technologies in crypto: Zcash's price has risen, Ethereum is developing a private roadmap, Aztec raised $60 million from the community, and Zama raised $57 million in a Series B round at a valuation over $1 billion. Octra Labs is based in Zug, Switzerland, with teams in Dubai and London. Founders Alex and David are former VK engineers under Pavel Durov's leadership. The 17-person team plans to attract open-source contributors through grants and bounties. Funds from the sale will go toward ecosystem development post-launch.

Octra is not featured in major crypto listings like CoinGecko at the time of writing, underscoring its status as an early-stage project. The official website octra.org describes the project as "a universal encrypted computer for blockchain, AI, and applications powering future economies." Analysts from ICO Analytics note previous funding rounds, but tokenomics details remain limited.