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DKING → SIRE Rebrand
Recorded: Aug. 8, 2025 Duration: 0:31:51Space Recording
Short Summary
Exciting developments are underway as the DKing project transitions to Sire, featuring a seamless token migration process, innovative tokenomics, and strategic partnerships aimed at enhancing user engagement and growth in the crypto ecosystem.
Full Transcription
from Europe. from europe uh good evening if you're like in in australia and stuff like that and and if you
if you're in the us i'm pretty sure that you're really sleeping but i'm really happy to host uh
you know this spaces today with with my good friend Phil from Create A Bid we're going to talk about
the Sire you know the the D King you know transition to Sire the relaunch pretty excited
about all of that really really grateful for what Create A Bid has put together so far
I think you guys have probably seen what they did on their websites. They created
a migration page. The process is pretty similar. So yeah, that's super exciting. So we're going to
be talking about that. We're going to be talking about how we are working with Create a Bid on
this kind of relaunch process, but also on how we're going to probably team up together
to help other teams to move to create a bid
and to go through the same process.
But yeah, maybe we can start by letting Phil
just say hi to everyone.
I'm pretty sure that everyone knows who you are, Phil,
but it's always good to just have a quick intro
and obviously a Max co-founder and ceo of score and a core
contributor to dking that is now becoming sire so yeah phil maybe you just want to drop a
short hello and then we jump in everyone yes absolutely good uh i'm phil from creator bridge
i'm one of the co-founders and ceo and yeah super super excited to have the dking sire
work stream has been
on since a while, working the background. And now finally the page is up and people can
submit their DKing tokens. And very, very excited to go into a new chapter of Sire.
Yeah, that's super exciting. And again, thanks for what you guys are doing. I think it's a
very new way to do token migrations. Obviously, everyone has PTSD around token migration. It's a very new way to do token migration. Obviously, everyone has PTSD around token migration.
It's probably one of the most stressful events in the crypto scene.
So I want this space to be around how we thought about it, how we structured it together, and also pretty much talking about you know all the details so migration ratio
what's going to happen on the 28th when people are going to be able to climb just to kind of give
people a good idea about what is going to happen i hope everyone is is hearing me well um i think
this time my connection is probably better than last time um But yeah, so maybe we jump straight in.
So I just want to give everyone a bit of, you know,
obviously a context about what happened.
So the reason we moved from Dking to Sire
is obviously known by everyone now.
So we made this decision of doing a rebrand
for good reasons and other reasons.
But when we decided to do it, the first thing we did is we went to create a bid
and we kind of told them like what was our plan?
And the plan has always been the same since day one.
Obviously, it's taking a bit of time because good tech takes
most of the time a bit of time.
And so since the beginning, we had this idea of um
offering to you know the community a kind of a you know on-chain betting syndicate sports
hedge funds uh we can call it in different ways um community driven we also in the very early days
of deking uh decided to work with create a bit because it was a fair launch.
So it was aligned with all of our values.
And we wanted to keep that going on for the rebrand.
So obviously the market being what it is,
we've been approached by other teams, by other platforms,
but none of them you know were really understanding the i would say the challenges about about doing this token migration and again when we had this conversation with phil
we just realized that um you know creative bit was still the best place for us to relaunch and and
honestly i think if you if you're a uh you know if you're a core contributor of an agent token
if you're a core contributor of an agent token,
and like us, you had the dumb idea of launching with the wrong name,
or if you realize that you need to kind of do something
or tweak your tokenomics in a way that you need to relaunch,
I think this process is probably one of the most seamless process
I've ever built with any partner.
So to kind of take you through maybe feel you
you can by the way feel free to interrupt when you when you want to but the process is pretty simple
so since yesterday uh create a bit as um launched a new category on their on their page a new tab
on their website uh called relaunch um if i'm not mistaken so if i if i'm relaunches relaunches
sorry um so you you literally just have to go on relaunches, relaunches, sorry. So you literally just have
to go on relaunches. And I think we're probably going to start recording some, you know, videos
for everyone to see how the process goes through. But you go to create a bid, then you click on
relaunches. You're going to see the desire relaunch as an active relaunch. You're going to see the desire relaunch as an active relaunch.
You're going to click on migrate, connect your wallet.
Then you're going to be able to decide if you want to migrate a certain percentage of your DKing tokens or all of your tokens. And by the way, the core contributing team wallet, which was one of the biggest wallets, we ended up buying our D-King tokens like everyone else
when D-King was launched,
but we already migrated the tokens.
So we took from the circulation all of the team tokens,
if we can call it like that.
And the process was super simple.
So we just went there, connected the wallets,
decided to migrate 100% of what was in the wallet.
And then we followed through the other step, which was basically to sign the transaction
and it was done.
The only thing that you guys should really be
obviously careful about is to use only the official link
and to go like on the verified
create a bit platform there's no other ways for you to to migrate the token um so please double
check please ask questions and don't engage with links that are shady or dodgy it's very critical
for you guys um so we decided like as pretty much like when we decided to announce the migration,
we decided to let people take the time to unstack the tokens on Create a Bid. There's a 14 days
cool down period. So everyone will be able to use this migration page until the 28th of August.
And maybe Phil, you probably want to add some detail here
because we had a lot of questions from the community
about what's going to happen to their staking rewards
if they decide to unstake now.
Most people are worried about losing their creativity level creative level um so can you can you can
you touch on that please yes oh yeah absolutely no no no concerns um we just treat everyone who's
unlocking um as still having a creative level and basically all rewards are going to continue
and yeah very very excited to like catching my points i said before super excited to have you
guys relaunch with with Cradlebit.
I think it was like, you know, when you came like, oh, we want to relaunch,
or we need to relaunch, we want to relaunch, but we need to relaunch.
It was like kind of like a scary message at first, but I think we turned it out into
something very, very positive and I think can drive like a lot of momentum out of this relaunch,
showing everyone, you know everyone what DKing was
and what Sire is going to be.
And yeah, generally super excited.
I think it's probably the first token migration
I'm aware of, which is actually super bullish.
I appreciate that, Phil.
Yeah, so thanks for that.
So main information for now is if you're a Create-A-Bid user
and if you are endorsing DKing if you if you unstake dking to
migrate your dking tokens to sire tokens you're not going to lose your um bid level you're not
going to use your status as a staker it's very important and honestly it's also a super good
incentive uh that create a bit decided to to to keep alive on the website because you basically don't lose
anything from a staking perspective if you just migrate the other point people are asking about
is the ratio so this is a one-for-one ratio we're not trying to play anything or you know create
like a fake momentum or relaunch with a completely ridiculous FDV or whatever.
We really just needed this rebranding for good reasons because we think Sire now is going to be a global brand.
We're going to make sure that it becomes kind of the are they of,
you know, sports, on the sports vertical.
So we needed this new branding.
So no plays on the migration,
no plays on the FDV launch or something like that.
And that's the reason why I think this migration page is beautiful because you know you can just migrate there.
You don't lose your bit level and you will receive your,
you'll be able to claim, sorry, on the 28th of August,
you'll be able to claim sorry on the 28th of august you'll be starting from there
you'll be able to claim your sire tokens that you receive on the wallet you use to
obviously send your deacon tokens so so it's going to be super simple obviously we're going to
communicate about that we're going to make sure that all the community channels are you know are
sharing with you an update when it's
ready but also it's it's it's another question obviously that you guys have and i want to
address right now is about what's going to happen if i basically miss the deadline um so obviously
and and then you don't you don't miss it that's like if anyone asks you like who's going to miss
the deadline you're just like don't miss it. Just send your talk to me right now.
But yeah.
Yeah, definitely.
So again, you don't want to miss it because obviously you have plenty of time.
There's still like 20 days to do it.
And we're going to keep repeating this.
We have a process in the case, like in the very rare cases where people are probably going to show us that they missed it for good reasons, let's say.
So, you you know everything's
safe but please just make sure to to unstake you know go on the on the you know relaunch page and
and just go through the simple three-step process and and you guys will just be able to claim
everything on the 28th um the the only thing that's going to be not disclosed at the moment is the moment we're
going to swap liquidity from Deakin to Sire. The only reason we want to do this is because we want
to prevent people to game anything again because the meaning of this rebranding is not allowing
some people to play with the token. So that's also a reason why we decided to kind of set
like a firm date on the 28th and also the reason why we decided to kind of set like a firm date on the 28th
uh and also the reason why we announced publicly that everything is going to be migrated because
we don't want people to be able to receive side tokens earlier than other ones and then you know
create other liquidity pools yada yada we've been there you know um we we we also have ptsd from
from other tokens other other projects we bought.
So we try to really make something decent, something sensible,
leave a lot of time for people to do stuff so no one feels rushed about it.
So please make sure you don't miss the deadline.
That's very important for us. And that's very important for the whole community
because the minute we switch to Sire,
then we can keep growing and do pretty much everything we all wanted to do with Deakin previously.
So that's pretty much that.
Obviously, we'll keep giving you details on the process along the way.
And then, yeah, we can keep obviously chatting about the migration process.
But again, it's super simple.
So if you have any questions, you just drop them on X or Tele telegram or discord and we'd be happy to share that with you the most
exciting thing to me is probably to chat a bit about how sa is going to look like from its
economics perspective uh but before that maybe i want to let phil um talk about you know how you
guys think about acquiring
or maybe attracting other projects with this new relaunch feature.
How do you see this maybe as a way for CreataBid
to show that a migration could be something positive?
And also, it's always a good thing to migrate and to relaunch on CreatorBit.
Yeah, sure. Give me a final answer.
Yeah, I think the main selling point of relaunch CreatorBit and also when we set down to design the initial CreatorBit version,
the question is like, what do you want to have your token cared right I think there
was a reason for DKing or for Sire not to be a virtual token because but correct me if I'm wrong
um Max but yeah is this the case before I continue to make assumptions yeah yeah yeah yeah that was
the case yeah it was basically behind our kind of initial design we were considering like hey
should we like bank agent tokens also our own token bid and in the end we decided against it because i as a builder and we as
builders we said like oh i don't necessarily want to tie my you know like my baby my project to a
token of another i would say project um i rather time my token to to eth or to bnb or in the case
of cyrus also makes sense especially
in the bull market to use to see kind of a more stable asset where i'm not like you know like
anything if the platform goes down with any problem with the platform with yours my personal
token or my project token goes down as well and i think obviously um virtues it very well on the way
up um as is a lot of agent hype all the agents go up uh virtual tokens go up it's
great for everyone but on the way down it's always painful because obviously people take profit on
the agent tokens they're also going to take profit on the virtual token and and if you're tied to
this to this token um you go hello it seems like you broke up a bit.
Oh wait one second.
Yeah, so let me know when you're back.
I can hear you double now.
Can you hear me?
I can hear you talking.
One second.
Oh, no, okay.
Yeah, so I kind of understand what Phil was trying to say.
So going back to Sire, and that's pretty much going to be the same thing.
But so on this migration, let's say, we made very, very important decisions for the token to be able to grow,
not just from a launchpad perspective,
but as a base token, I would say.
So the thing that we worked on with CreativeBit,
which is probably for me the most bullish thing for SIA,
is that the new pool is going to be paired with a stable coin,
so not even ETH,
which is going to bring all the light to the SIA token,
not just expecting ETH to perform or not.
And the second thing is that the native pool
that we're going to use on Created Bit
is going to be an Aerodrome one from the get-go.
And honestly, I can't thank Created Bit enough
to allow this to happen because it's such a strong move on the base ecosystem to kind of take the best of both worlds and allow the project to be paired with a stable coin, with a stable coin on base using the kind of the base native DeFi LPs.
It's going to be so strong for us as a community,
because first thing is that the trading fees are going to be super low,
way lower than what they were.
So I think from a growth perspective, it's also super exciting.
It's also exciting because CreatedBit created this crazy dynamic fee where basically you can move it as you wish.
The only reason I'm saying this is because when you think about listing a token as a community, most of exchanges don't like fees because most of them are happy to reinstate fees when you're listed.
So they take the money. that's why i'm also
super excited about the decentralized exchanges more than the decentralized exchanges but that's
another conversation and um and yeah so it's going to yeah are you back here usually guys just like
i heard myself talking and then you talking at the same time when did i cut up uh when you were
explaining that uh you thought um tokens should be paired with something else than
the platform token. Yeah, I can go back, but I can let you finish your return off out there.
Yeah, no worries. So yeah, basically I was saying strong decisions that are, I think,
going to be super beneficial for the token growth are being paired with a stable coin, launching on an Aerodrome pool from the get go.
Reason for that is because on Aerodrome, there's some very sophisticated and smart way to incentivize, you know, people that are bringing liquidity.
Liquidity on agents, all the agents pretty much, is one of the biggest problem.
agents, all the agents pretty much is one of the biggest problem.
So, yeah, so addressing this as a core feature from the new design was something brilliant.
And I was so, so excited that Creative.it was helping us achieving this.
So kudos to all their team for that.
And yeah, we can obviously chat about other stuff, but I want you, Phil, to be able to kind of finish from where you are, and then we'll move on to some questions about utility.
Awesome. Yeah. So sorry, I'm outside. My question is there, but yeah. But in a nutshell, like the question was, why do we think we all like how and why do you think people might like want to migrate over from other ecosystems?
how and why you think people might like want to migrate over from other ecosystems i think yeah
first reason very simple like not everyone wants to be tied to a platform token might go down or up
um also i think it's like very dynamic probably isn't actually just going out like how we like
like schedule our fee it's just on the exit so like just understand on the buy and our builders
can decide to turn it off for 0% or keep it at 3%
or anywhere in between.
We have the Aerodrome deck support,
and I think which really sets us apart as well as close connection to ecosystem participants.
So we are also with the Launchpad V2,
we are in favor for a more curated process of like meeting
the builders getting to know them understanding how we can help and then kind of curating and
selecting them um and then obviously being able to support more um on on growth for these projects
will i cut off again online i'm alone i'm sticking sticking still here
that one but was my audio working or was it like down again it was working but i was kicked out anyway i i loved it i love x because it's everyone is using you know ct and x as the main channel but so um
um so yeah no uh so that's super exciting so just go going back to the migration because i i see
other questions um all the all the small allocations you know from bots and stuff like that, all the remaining tokens that are not going to be handled
are going to be sent to the treasury after the deadline,
and we'll set up a process for people to be able to come to us
and claim them.
But again, please use the platform.
We've put a lot of effort for you guys to do it seamlessly. If you guys just migrate now, you won't lose any of your advantage from a staking perspective,
and you make the relaunch pretty smooth and easy for everyone. Again, we already put all the core
contributing team tokens in the migration contract.
So we've kind of led the way.
There's some tokens that we were also staking
and we endorsed DKing as well with some other tokens.
They're going to be, we're still in the cool down period.
I think we still have like six or seven days.
And the minute we get them, we're also going to migrate them.
There's no opportunity in this in the meantime.
We just would like everyone to migrate.
Going back to other questions around this migration.
Obviously, the migration is a good thing from a product perspective.
I know a lot of people are expecting me to talk about the product.
So yes, the vaults are ready.
They're being audited at the moment.
So we're just waiting for the audit to be done and finished,
and we're going to be able to launch the vaults.
And I'm saying vaults with a Ness plural,
because we also realize that there's a lot of traction
from the community to get access to different sports through different boards.
So we're going to launch football first, soccer first, obviously, and then move on to other sports.
So that's going to be super exciting from a product perspective.
And also other features within the terminal that I, which by the way, now it's called AlphaLink.
So I hope you guys love the video.
It's something else we've been working on with CreativeVid. And I have to say they did an amazing job. So again, kudos to them.
And yeah, so from a utility perspective, it's very interesting because what we wanted to do
compared to the initial ID was to remove all the friction the people to try to enter the system.
So the concept and documentation is ready, by the way.
I just need to review the last version,
and thanks Sam for that.
I know that's a lot of work.
The documentation is ready.
I'm reviewing it at the moment.
And I'm going to kind of take you through tokenomics
super quickly. But as a main concept that is super easy to understand, and I think that is
going to let people discover the ecosystem and then hopefully convert them to community members.
This concept is pretty simple. You don't need to hold any tokens to start and try entering the vault with a stablecoin, USDC in our case.
What your bag is allowing you across the whole ecosystem is to decrease the level of fees you're going to pay
when you basically withdraw or the fees you're going to be paying on performance or, you know, on everything you do.
So performance or withdrawal.
Initially, in the first version of the tokenomics, people had to stake to get access to, you
know, the system.
And we thought it was a bit too much because it creates like a big paywall for people to try.
But now what's going to happen is you're going to realize by yourself, then if you start accumulating the token, you're actually going to get return and get and hopefully return and also, let's say, value from the system.
And your fees are going to decrease uh based on this based on the size of your bag
so it's a very sound process where if you if you if you trust the system basically you get uh perks
for that and and and and what what's better than just say the more i hold the less i i pay so it's
super simple the other thing we introduced is obviously this concept of withdrawal fees.
So when you're going to take your return and we're going to cash out, basically, you're going to have to pay some fees.
Obviously, the more side tokens you hold, the lower the fees.
But these fees are going to mainly generate yield for passive stakers.
generate yield for passive stakers. So staking is still going to be part of the system, but it's
more going to be a system for people that want to support Sire, but probably don't want to engage
with the vault or the terminal. And obviously, we keep the core concept of bringing Web2 players
to the system. And the way you guys are going to be able to see how Web2 players to the ecosystem.
And the way you guys are going to be able to see
how Web2 players are performing or are using D-King
is by the level of buybacks that are going to happen
within the ecosystem.
So we keep that.
We're also working really hard on having other partners.
So we're getting close to having a second syndicate
slash hedge fund partner.
The only thing that is quite tricky for us is in reality in this world of sports hedge funds and betting, liquidity is in the Web2 world still.
If you take Web3 platforms or prediction markets, the liquidity is really thin.
the liquidity is really thin.
So we're working on different things.
So we're working on different things.
First of all is we're working on allowing you guys
to work with Web3 platforms anyway,
if you want to use them through the terminal,
if you want to see like an on-chain activity from the vault,
you'll be able to see stuff.
But also we need as a community to realize that
at the moment, liquidity is scarce there.
So if we were to just use this, that wouldn't be enough.
So what we're working on is to kind of find a way to show people what's happening in Web2 in a transparent manner.
But it's super, super complex.
So we'll talk about it more, obviously, on other spaces and so on and so forth.
But yeah, just to kind of kind of sum up
what i said um new tokenomics is super simple uh it it incentivize people to hold more tokens not
just for the sake of stake them because we're scared that people are going to buy or sell
whatever but just because they're going to understand that the more they hold the less they pay and the more they get back so it's um it's a very simple system it's pretty much the same as
the bnb trading model um so yeah i think it worked out pretty well for binance so it should be working
pretty well for sale so yeah so that's that's that sorry i'm talking a lot phil this morning i i feel
like i took a lot of your time to just be to just have my show going on. But I just I just wanted to to to be very clear with the community.
So I don't know if you guys have any other questions or maybe Phil if you want to add
something, maybe I missed something within the info I shared with people.
But yeah, please let me know, guys.
Or Phil, maybe you want to take the mic again?
Yeah, I think like your show is our show because for me always creator, but there's
nothing more than the ecosystem.
Um, and, and speaking and you guys as tweeted out today, I would say one of like you, and
that's really, unfortunately you meet a lot of builders, but most of them are very short
term, like, you know, extract, launch a token, make money and run to the next project to
repeat. And yeah yeah so that's
why i'm very very excited to be working with you guys uh because you're one of the builders who
are actually built a very high quality product with a great market fit and real tech um so no
not seeing the show making the show and we are very very happy as we can support the relaunch
product um the smart contracts, allow a really seamless transition
from your DKing token into your Zyre token.
I think also on the liquidity swap, it should be pretty automated from what I'm aware of.
So we should be all good there as well.
I'm just very, very excited and obviously also very excited to, there are some candidates
we have in the pipeline who are considering a relaunch, nothing I could announce yet.
But yeah, super excited to see more agents joining or more like high quality builder agents joining the ecosystem.
Yeah.
And obviously, thanks, Phil.
And obviously, if you are part of an agent team and if you have any questions, you can reach out to me on X or Telegram or whatever.
I will definitely share with you
what what our experience would create a bit on that so happy to happy to give you a bit of um
of insight on that um any questions from the community from the the audience i'm i'm happy to
to answer some to some some questions if if any if any
you can just raise your hand if you if you want to ask a question.
I think it's pretty good.
Everything streamlined. Very simple.
Makes things easier.
Hopefully that means I was clear enough.
Or too complicated.
Either one of those.
Yeah, yes.
So good thing is that this session was recorded.
So if you want to go back and listen to it, you just do that.
And you can obviously send other questions on our channel.
So yeah, thanks again, guys, for joining us this morning for us in Europe.
We're super excited about what's coming next.
Also, at some point, maybe on the spaces, and I won't bore out, Phil, with that,
we'll have a dedicated session on the tech side of the agent system
because from an agentic perspective and an AI perspective, we are doing crazy things.
And I'm real when I'm saying that.
So yeah.
So thanks again, guys.
I know it's stressful.
I know it's not the best thing to do.
But thanks for your support.
So far, things are moving pretty well.
Again, please use the migration page the official
one on creator bid there's just one link nothing else and no one from our team are going you know
are going to reach out to ask you to migrate or whatever uh so please be careful uh and if you
need anything we're always around so uh see you on uh see on the internet cheers guys talk to you
soon thank you so much, Max. Ciao, ciao. Bye-bye. Thank you.
