Octra Labs, the team behind the privacy-focused Octra blockchain, will commence a public token sale on the Sonar platform on December 18.

Sonar, a token issuance platform launched by Jordan ‘Cobie’ Fish and recently acquired by Coinbase from Echo, will host the offering.

The sale aims to raise $20 million, representing 10% of the OCT supply and signaling a diluted valuation of about $2 billion.

The issuance uses a fixed price plus commitment-style allocation model, allowing participants to deposit funds and receive tokens proportional to their stake to bolster decentralization.

Should demand exceed expectations, the allocation may expand; any unsold tokens will be burned, and all sold tokens will be fully unlocked shortly after the sale concludes.

Octra’s implied FDV around $2B; Echo $4M round. Investors include Big Brain Holdings, Karatage, Presto Labs. Distributions: 18% to early investors, 15% to Octra Labs, 67% to the community; max 3% per holder.