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Devine Protocol, a SUI based prediction market platform, has successfully filled its latest seed round. This latest raise values the company at a little over $2 million, paving the way for the upcoming launch of its $DEVI token to the public on the SUI blockchain.
The unique combination of low fees, user-driven creation of prediction markets, and a transparent governance model has attracted a diverse group of strategic investors, all confident in Devine Protocol’s vision to transform prediction markets as we know them.
The platform, Devine Protocol , has been designed ground up for the SUI network. It's poised to eliminate the inefficiencies that have persisted in traditional prediction markets, like slow execution times and high costs.
By taking advantage of the high-throughput infrastructure of SUI, the platform promises to settle near-instantly with minimal fees so that users can create and trade on a range of real-world events from sports and entertainment to politics and financial forecasting without any concern about high transaction charges or slow performance.
$DEVI: The Devine Protocol Utility Token
At the very heart of Devine Protocol’s ecosystem is $DEVI, a utility coin that promises an assortment of utilities and incentives, such as:
Market Creation: Any user staking at least 100,000 $DEVI gains the opportunity to create markets on any real-world topic, and he earns a share of the trading fees generated by said market. Not only does this democratize access but also encourages innovation in event selection.
Staking & Governance: In addition to market creation, $DEVI holders can stake their tokens and earn rewards while actively participating in the governance of the protocol. Token holders can propose and vote on protocol changes so that they help shape Devine Protocol’s future.
Early Access & Presale
With the seed round now closed, an exclusive presale will go live in early February 2025, making 20 percent of the overall 10 million $DEVI supply available to buy over the course of a 40-day period.
In this limited-time event, the presale buyers will have a chance to obtain the tokens even before they can be listed on several decentralized and centralized exchanges.
Path to Mainnet and Beyond
In Devine Protocol’s roadmap, it includes a Testnet Launch in the near future, which invites the public to explore the platform's core features and offer valuable feedback. It also includes listing on a couple of centralized exchanges followed by Coinmarketcap & Coingecko listing and partnerships with market makers and liquidity providers to cultivate an active trading ecosystem from day one.
Shortly after the presale, Devine Protocol plans to list $DEVI on Cetus, one of the most prominent decentralized exchanges on SUI, with an eye toward additional high-profile listings by the end of 2025.
With its seed round successfully concluded and the $DEVI token presale imminent, Devine Protocol is positioned to reshape the forecasting landscape on the SUI blockchain—offering a new standard of speed, cost-efficiency, and community ownership in the rapidly evolving world of decentralized prediction markets.
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Contact
Website: devineprotocol.com
X: https://x.com/devineprotocol
Telegram: https://t.me/devineprotocol
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