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.