What Exactly Is the Manchester City Fan Token (CITY)?
The Manchester City Fan Token is a digital asset launched on Socios.com, an app that operates on the Chiliz (CHZ) blockchain. Socios is renowned for creating fan tokens for a variety of sports teams, with notable examples including PSG, as well as tokens for UFC events and motorsports. These fan tokens enable holders to take part in club governance by letting them have a say in certain decisions, offering access to exclusive rewards, promotions, games, and special acknowledgments.
After PSG's successful launch in January 2020, Manchester City Football Club followed suit by releasing the CITY token in March 2021. The token's future success hinges largely on the team's performance on the field and advancements in blockchain technology. Its value saw a significant jump amid rumors of Cristiano Ronaldo joining the club, but it fell when the transfer didn't materialize.
Who Established the Manchester City Fan Token?
The Manchester City Fan Token was created by Socios.com, an app driven by the Chiliz blockchain that allows sports enthusiasts to connect with their beloved teams and organizations. The mastermind behind this is Alexandre Dreyfus, who also serves as the CEO of Chiliz. Dreyfus boasts more than two decades of experience in launching and expanding web-based ventures. His previous projects include Webcity, an interactive travel resource, and the online poker platforms Winamax and Chilipoker, prior to establishing Chiliz in 2017.
Manchester City, one of England's most prestigious football clubs, has earned four Premier League titles and ten top-tier finishes over the past decade. The club is led by Pep Guardiola, one of the world's most acclaimed football managers.
What Distinguishes the Manchester City Fan Token as Unique?
The Manchester City Fan Token provides fans with ownership of a voting right, granting them the ability to earn exclusive rewards tied to the club. This might include decisions on messages displayed on the captain's armband, access to player areas at the stadium, or opportunities to watch matches from VIP zones while receiving discounts on team merchandise.
As long as CITY is available for trading on Socios.com, fans can purchase the token to gain a role in the club's governance. According to Stephan Cieplik, senior vice president of global partnerships sales at City Football Group, each fan of the club is entitled to receive a complimentary Manchester City token.
Fans can buy CITY using traditional currency or by converting CHZ into it, making the performance of CHZ naturally affect the value and growth of CITY. By holding CITY, fans not only participate in decision-making by voting in polls but also have the chance to win prizes in contests and quizzes on Socios.com. Additionally, cashback rewards from the club are on offer, and the platform plans to roll out further features for fans. These include purchasing VIP goods and services featuring the club's branding, earning extra rewards for participating in club governance, staking fan tokens for NFT rewards, and benefiting from CITY's integration into partner applications.
What Is the Circulating Supply of Manchester City Fan Token (CITY)?
The total supply of CITY tokens is set at 20 million, with 3.5 million currently in circulation. These tokens were initially offered during the Fan Token Offering and can now be purchased only on exchanges.
How Is the Security of the Manchester City Fan Token Network Ensured?
Socios.com connects football clubs with their fan base, providing clubs with secure and transparent digital revenue streams, while also giving fans a stake in the club's governance.
The Chiliz platform functions as an Ethereum sidechain and includes a unique crowd control mechanism, ensuring a protected setting where fans participate in publicly audited polls. As a token, CHZ exists on both ERC-20 and BEP2 standards and has undergone auditing by Certik.
When Did Trading for the Manchester City Fan Token Start?
The CITY token began trading on March 19, 2021, on the Chiliz platform.
Where Is It Possible to Purchase the Manchester City Fan Token (CITY)?
CITY tokens can be bought on Paribu and Chiliz.
In addition, CITY and other fan tokens available on Socios.com can be earned through games and activities on the platform, allowing users to hunt for tokens and receive them as rewards for engaging with the team.
