Devine Protocol Poised to Release Demo of Its Decentralized Prediction Market on the SUI Blockchain
[Ebeye, Marshall Islands, 28th January 2025] Devine Protocol, a blockchain-based prediction market aiming to change how individuals speculate on future events, has announced that a demo version of its highly anticipated platform will be unveiled this week.
Designed for the SUI blockchain, Devine Protocol’s solution addresses many of the inefficiencies that have plagued both centralized and decentralized prediction markets— high fees, slow transaction times, and limited market variety.
What To Expect
The forthcoming demo is expected to offer early adopters a first look into Devine Protocol’s user-friendly interface, streamlined onboarding process, and near-instant settlement times. By leveraging SUI’s high throughput and low-latency capabilities, Devine Protocol sets the stage for a frictionless trading experience.
Developers have emphasized that one of the key advantages of building on SUI lies in the network’s scalable architecture, which allows the prediction market to accommodate large transaction volumes without sacrificing speed or escalating fees.
What Makes Devine Protocol Unique?
Among the most exciting features of the demo is the market creation aspect. Devine Protocol seeks to foster true decentralization by allowing token holders to propose new markets, thus determining the range of real-world events—from sports and entertainment to politics and global finance.
To facilitate this, the platform uses its native $DEVI token, which grants holders the right to create and manage markets in exchange for a share of the trading fees.
However, stakeholders must hold a minimum threshold of $DEVI tokens (100,000) to unlock market creation capabilities. According to the Devine Protocol team, this model ensures high-quality markets and discourages spam, while rewarding contributors for their efforts.
Another standout element of Devine Protocol’s approach is its commitment to community input and governance. The platform will allow $DEVI stakers to propose and vote on changes to the protocol, fee structures, and other parameters critical to the system’s evolution. This decentralized governance model aims to harmonize developer initiatives with user preferences, thereby creating a more resilient and future-proof ecosystem.
$DEVI Token Funding Rounds
The demo’s release comes at a pivotal moment for Devine Protocol. Following an oversubscribed pre-seed round, the project is now conducting a seed funding campaign at a $2 million valuation. Proceeds from this round will be used to fine-tune the platform, expand marketing efforts, and prepare for a public presale of $DEVI tokens—scheduled to occur shortly after the demo is released. Interested investors looking to join in this seed round can reach out to the team at team@devineprotocol.com.
Post-presale, the team plans to list $DEVI on Cetus, one of the premier decentralized exchanges on SUI, followed by listings on select centralized exchanges before year’s end.
For those interested in early access, Devine Protocol encourages blockchain enthusiasts, prospective investors, and potential market creators to join the project’s Telegram and Discord communities.
These channels will host regular announcements, development updates, and insights into how the demo feedback will shape the final, production-ready product.
About Devine Protocol
Devine Protocol is a next-generation prediction market platform built on the SUI blockchain. By integrating scalable infrastructure, low fees, and user-friendly market creation, Devine Protocol aims to redefine how individuals and communities participate in market-driven insights.
With a demo scheduled for January 27th and a fast-approaching mainnet launch, Devine Protocol is forging a new era of engagement in Web3.
Media Contact
Name: Maria
Position: COO
Email: team@devineprotocol.com
Website: https://www.devineprotocol.com
X: https://x.com/devineprotocol
Blog: https://devineprotocol.medium.com/
Disclaimer: This article is part of sponsored content programme. The Tribune is not responsible for the content including the data in the text and has no role in its selection.
