Octra $20 million public offering details
TL;DR
On December 9, 2025, Octra announced a $20 million public sale on the Sonar platform, valuing the company at $200 million. The sale will begin on December 18 and will account for 10% of the total OCT token supply; any unsold tokens will be burned. Sonar is a decentralized public sale platform launched by Echo.xyz and has been acquired by Coinbase. It has previously successfully hosted public sales for projects such as Plasma and MegaETH.
Public Fund Core Information
Basic parameters
| project | Details |
|---|---|
| Financing scale | $20 million |
| Valuation (FDV) | $200 million |
| Token allocation ratio | 10% of total supply |
| Opening time | December 18, 2025 |
| platform | Sonar (Echo.xyz product) |
| Unsold token processing | Destruction Mechanism |
Announcement time : The Block first reported this news at 18:00 UTC on December 9, 2025, and Octra's official Twitter account (@octra) subsequently posted the relevant link at 18:01 UTC on the same day.
Participation Requirements
- Authentication : Requires completion of the Sonar eID one-time authentication process.
- Eligibility restrictions : Only qualified investors who comply with local laws and regulations are eligible to participate.
- Data privacy : Users can independently control their data sharing permissions, with separate authorization for each public offering.
Sonar Platform Analysis
Platform features
Sonar is a decentralized public offering verification platform launched in May 2025 by Echo (founded by well-known crypto traders Cobie/Jordan Fish). Its core features include:
- Decentralized architecture : Project teams independently manage public offerings, eliminating the need for centralized approval.
- One-time verification, multiple uses : Investors can participate in multiple public offerings after completing one KYC process.
- Compliance tools : Supports flexible configurations such as geographical restrictions, multi-level KYC, and qualification verification.
- Multi-chain support : Compatible with multiple public chains including Hyperliquid, Base, and Solana.
- Latest news : Echo/Sonar has been acquired by Coinbase.
Historical performance
| project | Financing scale | Valuation (FDV) | Token Price | Performance |
|---|---|---|---|---|
| Plasma ($XPL) | $50 million | $500 million | $0.05 | Oversubscribed 20 times, ATH returns 33 times. |
| MegaETH | $50 million | $1 billion | Not announced | Completed in October 2025 |
| Harmonix Finance | $600,000 | Not announced | $0.025 | Ends on December 5, 2025 |
Sonar has raised over $100 million in funding, and while it has a limited number of projects, it focuses on high-quality L1/L2/DeFi projects.
Octra Project Background
Technical features
Octra is an L1 blockchain focused on fully homomorphic encryption (FHE) , with core technologies including:
- Encrypted computing environment : Encrypted storage and computation are performed using an isolated environment called "Circles".
- EVM Compatible : Employs an Ethereum-compatible cryptographic execution stack.
- Privacy protection : End-to-end encryption of on-chain data and computation is achieved through FHE technology.
Financing history
| Rounds | Amount | time | lead investor |
|---|---|---|---|
| Pre-seed | $4 million | September 2024 | Finality Capital Partners |
| ICO | $1 million | January 15, 2025 | - |
| ICO | $8 million | October 16, 2025 | - |
| Public offering (coming soon) | $20 million | December 18, 2025 | Sonar platform |
The company has raised a total of $13 million, with previous public offerings all experiencing oversubscription.
Token distribution structure
According to publicly available information, the overall distribution plan for OCT tokens is as follows:
- Community : 67% (including public offerings, incentives, etc.)
- Early investors : 18%
- Team : 15%
This public offering accounts for 10% of the total supply, and any unsold portion will be subject to a destruction mechanism, which will help reduce the circulating supply.
Community feedback
Market sentiment
- Overall sentiment : Positive, with no controversy or negative news.
- Discussion Enthusiasm : Due to the recent announcement (December 9th), community discussion is still heating up.
- Influence Support : Previously received support from KOLs such as @cobie and @z00m3rf13d
Risk Warning
- The official account issued a security alert, warning users not to import keys into unverified third-party solutions.
- No reports of fraud, delays, or other negative incidents.
- The project team demonstrated a proactive risk management awareness.
in conclusion
Octra's $20 million public offering on the Sonar platform represents a significant funding event for FHE privacy technology in the public blockchain space. The offering, scheduled to begin on December 18th, values the tokens at $200 million, representing 10% of the total supply. Sonar's compliance framework and successful case studies (such as Plasma's 20x oversubscription) provided reliable infrastructure support for this public offering.
Investors must complete Sonar eID verification and meet local regulatory requirements to participate. Based on Octra's previous oversubscription and positive community feedback, this public offering is expected to attract high participation. Potential investors are advised to register on the Sonar platform in advance and independently study the project's technical documentation and token economic model.