Recently, Binance Launchpool has been actively launching multiple NFT/Gaming projects such as Mines of Dalarnia, MyNeighborAlice, etc. Social tokens on that platform also receive lots of attention from the community.
Notably, Fan Tokens such as FC Porto Fan Token, Lazio Fan Token,… are spurring the crypto market, showing a great deal of interest from investors.
The article below will provide all detailed information about Manchester City Fan Token. Let’s find out!
What is Manchester City Fan Token?
Manchester City Fan Token (CITY) is the Fan Token of the football team Manchester City whose headquarters is in Manchester, United Kingdom. The football club has a long history of development and achievements. The Manchester City players mostly come from Europe and South America.
CITY holders have the ability to vote on decisions affecting the Manchester City Fan Token. Every voting process will be carried out via smart contracts, ensuring the decentralized and secure features of the Socios platform.
How does Manchester City Fan Token work?
CITY holders can do some interesting things with the Socios platform or earn rewards as follows:
- Matchday tickets.
- Exclusive experiences.
- Cashback offers from official online shops.
- In-app CHZ rewards.
- Digital badges.
- Club-specific NFTs.
What is CITY Token?
CITY is the primary token of Manchester City Fan Token that represents the influencing power on the future decisions of the Manchester City club on the Socios platform. In addition, the CITY token grants its holders access to unique rewards from the club.
Detailed information about CITY Token
CITY Key Metrics
- Token Name: CITY.
- Ticker: CITY.
- Blockchain: Binance Smart Chain.
- Token standard: BEP-20, Chiliz Chain
- Contract: updating…
- Token Type: Utility and governance.
- Total Supply: 20,000,000 CITY
- Circulating Supply: updating…
CITY Token Allocation
The total supply of CITY is 20,000,000 tokens that will be distributed as follows:
- 2,000,000 CITY will be distributed to Manchester City fans via the Fan Token Offering program.
- 18,000,000 CITY will be owned by Manchester City that can be distributed via activities of the community.
CITY Token Sale
On November 11th, 2021, CITY tokens will be launched on Binance Launchpool. Investors can farm CITY by staking BNB, BUSD, or CHZ into the pool.
- Stake BNB: 203,725 CITY in rewards (80%)
- Stake CHZ: 58,207 CITY in rewards (20%)
- Stake BUSD: 29,103 CITY in rewards (10%)
- Farming Period: 30 day
CITY Token Release Schedule
CITY Token Use Case
The CITY token is the utility and governance token of Manchester City Fan Token and it has the following functionalities:
- Voting on proposals via the governance mechanism.
- Spending to get VIP goods or services.
- Integrating to applications/websites of the partners.
- Staking CITY for NFT rewards or earning rewards as CITY for active engagements.
How to get CITY Token
At the moment, you can get CITY tokens on Binance Launchpool starting from November 11th, 2021 00:00 AM (UTC) to December 10th, 2021. Investors can deposit BNB, BUSD, or CHZ to farm CITY on Binance Launchpool.
Roadmap & Updates
- Adding more languages to support users from various countries.
- Organizing more events with celebrities.
- Launching events to promote the CITY token.
- Connecting with other Fan Token.
- Releasing the staking feature for CITY tokens.
Team, Investors, and Partners
Is Manchester City Fan Token (CITY) a good investment?
In general, Manchester City Fan Token belongs to the collection of Fan Tokens. To clarify, there are some notable highlights from Coin98 for investment considerations:
Fan Token is specially designed for investors who want to support their favorite football teams. They are all top-tier football clubs with countless achievements in Europe. Currently, there are over 40 Fan Tokens such as S.S. Lazio, Paris Saint-Germain, FC Barcelona, Juventus, etc.
⇒ Fan Token is supported by a huge football fan community.
In terms of market cap, Fan Token seems to rank according to its popularity. If the club team has a bigger fan base, it will receive lots of attention and capital from investors. Therefore, Manchester City might rank on top since it is a big football club in the world.
Binance is the biggest CEX in the world and also one of the most successful incubators in the crypto space. Every project launched on Binance was super successful such as Axie Infinity, Polygon, or Elrond Network, etc.
⇒ Manchester City Fan Token can inherit the advantages of the Binance Launchpool.
And as usual, whether it is worth investing or not, Do Your Own Research before investing and be responsible for your investment.
There are other Fan Tokens from different sports clubs: FC Barcelona, Juventus, AC Milan, Atletico Madrid, etc.
And that is all you need to know about Manchester City Fan Token and its CITY token. I hope you’ve gained helpful insights to understand the potential behind Manchester City Fan Token.
If you want to know further about Manchester City Fan Token, please leave a comment below for further discussions about Crypto.
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