A privacy-focused blockchain called Octra just dropped news about their Sonar ICO. They're going with a $200M valuation right out the gate, which feels pretty aggressive for a project banking on fully homomorphic encryption tech.
FHE's been getting buzz lately as the next frontier for on-chain privacy, but $200M is a bold ask in this market. Worth watching if they can back up that price tag with actual infrastructure or if this becomes another overhyped launch that fades fast.
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PerennialLeek
· 4h ago
200 million dollars to open? It really takes something special to do that.
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SchrodingerPrivateKey
· 7h ago
200 billion dollar valuation? Are you kidding me? Hahaha
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governance_lurker
· 12-09 22:10
Starting at $200 million? This guy is really bold. The FHE concept is indeed hot, but this valuation is a bit outrageous.
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Hash_Bandit
· 12-09 22:10
ngl $200M for unproven FHE infra feels like we're mining on difficulty 32 when the network barely has hashrate... seen this movie before tbh
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GateUser-ccc36bc5
· 12-09 22:07
200M opening? You really need something substantial to back this up.
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SchrodingerGas
· 12-09 22:06
$200M opening price... this is a typical case of overvaluation. I'll wait and see the testnet snapshot data before making a decision.
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MetaEggplant
· 12-09 22:05
A $200M valuation takes off directly—can the FHE concept really support it?
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gas_fee_trauma
· 12-09 22:03
200M valuation right at launch? Here comes another one hyping FHE, looks just like the usual pre-rug pump and dump.
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AirdropDreamBreaker
· 12-09 21:45
Starting with 200M? This sounds like another cash grab. Let's wait and see if the technology is actually implemented before making any judgments.
A privacy-focused blockchain called Octra just dropped news about their Sonar ICO. They're going with a $200M valuation right out the gate, which feels pretty aggressive for a project banking on fully homomorphic encryption tech.
FHE's been getting buzz lately as the next frontier for on-chain privacy, but $200M is a bold ask in this market. Worth watching if they can back up that price tag with actual infrastructure or if this becomes another overhyped launch that fades fast.