What Is FC Manchester City Fan Token (CITY)?
Manchester City Fan Token is a fan token by Socios.com — an app built on the Chiliz (CHZ) blockchain. Socios has created fan tokens for several other football clubs, the most popular of them being (PSG), as well as fan tokens for UFC and car racing. Fan tokens give holders a stake in the club’s governance by allowing them to influence decisions, unlock VIP rewards, and access to exclusive promotions, games, and special recognition.
Following the massive success of PSG’s launch in January 2020, Manchester City Football Club decided to launch CITY in March 2021. Its success will mainly depend on the club’s success on the pitch and the development of blockchain technology. The token price spiked when Cristiano Ronaldo was rumored to join the club, but decreased after the transfer failed to go through.
The crypto world is advancing day by day. Every other day new crypto is launched in the market. And if you are an active investor in the crypto market, it becomes very important for you to get knowledge of all new advancements or launches in the market. In this article, we will talk about the Man City token and we will also discuss Man City Fan Token Price. It is a new token of the Binance launchpad and is very famous in countries like UK, Brazil, Japan, Russia and etc.
Who Are the Founders of FC Manchester City Fan Token?
Manchester City Fan Token was founded by Socios.com, an app powered by Chiliz that allows sports fans to engage with their favorite clubs and associations. It was founded by Alexandre Dreyfus, who is also the CEO of Chiliz. Dreyfus has over 20 years of experience founding and growing web-based companies. For instance, he developed Webcity, an interactive travel guide, and Winamax and Chilipoker, both online poker projects, before founding Chiliz in 2017.
Manchester City is one of England’s most famous football clubs with four Premier League titles and ten top 10 finishes in the last ten years. The club is managed by Pep Guardiola, one of the most illustrious football managers in the world.
What Makes FC Manchester City Fan Token Unique?
Manchester City Fan Token represents ownership of a voting right and gives fans access to earn unique club-specific rewards and experiences. For instance, fans can influence what message the captain should wear on his armband, visit the player area in the stadium, or receive rights to watch a match in the VIP zone and get discounts on club merchandise.
As long as CITY is listed on Socios.com for trading, fans can acquire the token and with it a stake in the club’s governance. Moreover, According to Stephan Cieplik, senior vice president of global partnerships sales, City Football Group, every club fan is eligible to receive a free Manchester City token.
CITY can be acquired with fiat or by swapping CHZ for it, so naturally, the price and growth of CHZ influences the price and growth of CITY. Besides participation in the decision-making process through voting in polls by holding CITY, the option to win prizes in contests and quizzes on Socios.com, and cashback rewards from the club, the platform plans to introduce more features to fans in the future. For example, fans will be able to purchase VIP goods and services with the club’s branding, earn bonus rewards for participation in the club’s governance, stake the fan tokens for NFT rewards, and benefit from the integration of CITY in partner applications.
What is the FC Man City Fan token?
FC Man City Fan Token is the 21rd launch of Binance Smart Chain. It is a BEP-20 token that has been launched in the market to transform the experience of all Man City fans. This token authorizes the Man City fans to participate in voting, search and collect digital collectibles, buy NFTs and even enjoy the gaming features which are given to fans with rewards.
The buyers can check up Man City Fan Token Price online before purchasing the coins. The Man City fan token was launched with the vision of reshaping the relationship between the fans and FC Man City. It aims to do so by providing a single-stop crypto engagement on a platform.
Market Data of FC Man City Fan crypto coin:
Name of the coin- FC Man City Fan Crypto Coin
Launchpad hard Cap of token- 4 Million USD
Hard Cap per user- 10,000USD (Man City)
Total supply of tokens – 20,000,000 MAN CITY
Total tokens in Binance Smart Chain Launchpad- 4 Million Man City (10% of the total supply)
Man City Fan Token Price:
The initial price of the MAN CITY Fan Token is around $35 but the final price of the token has not been determined yet. It will be determined on 10th November 2021 when the token will be distributed by Binance.
FC Manchester City Fan Token (CITY)
A Fan Token for Manchester City Football Club on Chiliz Chain.November 10th 2021Share this article
- The FC Manchester City Fan Token (CITY) is a utility token that gives Manchester City Football Club (“Manchester City”) fans a tokenized share of influence on club decisions using the Socios application and services.
- Socios is a blockchain-based fan engagement and rewards platform for sports and entertainment organizations powered by Chiliz.
- CITY is a utility token on the Chiliz Chain, a Proof-of-Authority sidechain built on Ethereum, and is mainly used for the following:
- Governance: CITY holders can vote via smart-contract on various contract-binding “fan decision” polls published by Manchester City.
- Rewards: CITY holders can earn rewards from engagements on Socios.
- Staking: In the future, CITY can be staked to earn Non-Fungible Token (NFT) rewards.
- CITY has a total token supply of 20,000,000, of which 2,000,000 were initially distributed to club fans via a Fan Token Offering. The remaining tokens are held by Manchester City and can be acquired by participating in community activities and Binance Launchpool, as well as by purchasing directly on exchanges.
Key metrics (as at November 10th 2021)
| Ticker | CITY |
|---|---|
| Token Type | BEP-20 and Chiliz Chain |
| Binance Launchpool Start Date | November 11th 2021 |
| Binance Launchpool Allocation | 291,036 CITY (1.45%) |
| Circ. Supply | 3,708,172 (18.54%) |
| Total Token Supply* | 20,000,000 CITY |
*The CITY total token supply of 20,000,000 may decrease due to future operational plans of Manchester City and the Socios platform (i.e. token burns).
1. What is Manchester City Fan Token (CITY)?
The Manchester City Fan Token (CITY) is a utility token that gives Manchester City fans a tokenized share of influence on club decisions using the Socios application and services. The token serves as a membership key that allows users to compete for exclusive rewards, club recognition, and more.
CITY token holders can vote via smart contract on various “fan decision” polls published by Manchester City. Manchester City is contractually bound to act according to poll results.
Token holders can interact with the Socios platform (voting on polls, competing in contests and quizzes, connecting/chatting with like-minded users, etc.) and earn rewards, including:
- Matchday tickets.
- Exclusive experiences.
- Cashback offers from official online shops.
- In-app CHZ bonuses.
- Digital badges.
- Club-specific NFTs.
Future CITY token utility includes:
- Spending CITY tokens to redeem VIP goods and services.
- Integrating CITY access in partnered applications/sites.
- Staking CITY for NFT rewards.
- Pure Collectibles (rare aesthetic assets).
- Gamified Utility (NFTs for blockchain-based games).
- Real-world Utility (NFTs whose ownership signifies real-world ownership of merchandise, VIP access to stadiums, matchday tickets, etc.).
2. Economics and supply
2.1 Token allocation
CITY has a total token supply of 20,000,000, of which about 2,000,000 were distributed to club fans via a Fan Token Offering. The remaining tokens are held by Manchester City and can be acquired by participating in community activities and Binance Launchpool, as well as by purchasing directly on exchanges.
3. Manchester City Fan Token’s community overview
Chiliz, Socios, and Manchester City will continue their efforts to promote and embed the CITY tokens in the club’s digital marketing strategy, global fan engagement strategy, and e-commerce projects.
Current community growth strategies for the Manchester City Fan Token include:
- Continuing to develop governance voting polls for token holders.
- Constantly engaging with the community on social channels.
- Publishing articles relating to the CITY token via mainstream media outlets.
Future community growth strategies for the Manchester City Fan Token include:
- Staking CITY to acquire exclusive Manchester City NFTs.
- Integrating CITY in the club’s official applications and online properties.
- Leveraging Manchester City players to promote the CITY token.
- Conducting cross-marketing with existing databases like Ticket Season and fan clubs all over the world.
- Launching regular promotions to win matchday tickets, signed jerseys, and exclusive experiences for token holders.
- Adding more language support on the Socios platform.
- Hosting more crypto-related events with football celebrities.
Community and social channels (as at November 10th 2020)
If you would like to know where to buy FC Manchester City Fan Token, the top cryptocurrency exchanges for trading in Manchester City Fan Token stock are currently Binance, Mandala Exchange, FTX, Paribu, and Chiliz. You can find others listed on our crypto exchanges page.
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