Octra token OCT launches CCA auction on Uniswap, open until April 20

Foresight News reports that the privacy-focused blockchain project Octra has launched a CCA auction for its OCT token on Uniswap, open until April 20. This auction represents 10% of the total OCT supply. Users can bid with ETH to receive wOCT, which can be bridged to the Octra mainnet; an additional 1% of the supply is being injected into the liquidity pool. The current clearing price is approximately $0.0005847.

Foresight News reports that Octra completed a $4 million Pre-Seed funding round in September 2024, led by Finality Capital. In December last year, Octra conducted a public token sale via Echo’s Sonar platform, selling 10% of the total OCT supply at a $200 million FDV, with a fundraising target of $20 million.