Manchester City Fan Token

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Discover Manchester City Fan Token's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Manchester City Fan Token?

The Manchester City Fan Token (CITY) is a governance token created by Socios.com that allows holders to influence club decisions, such as choosing football kit designs or team bus designs, and gain VIP rewards, exclusive discounts, and profit from major club decisions or tournament wins. It is a digital asset that represents proof of ownership and serves various purposes, primarily revolving around influencing decisions of the entity (team) after which the token is named.

How is Manchester City Fan Token used?

The Manchester City Fan Token (CITY) is a governance token that allows holders to participate in club decisions, such as choosing football kit designs, goal celebration songs, and team bus designs. Additionally, CITY token holders can gain VIP rewards, exclusive discounts, and profit from the token's price increases due to major club decisions or Manchester City's success in football tournaments.

How do I store Manchester City Fan Token?

To store Manchester City Fan Token (CITY) tokens, you can use a Manchester City Fan Token wallet. Here are some good options:

  • MEXC Account Wallet: You can store your CITY tokens in your MEXC Account Wallet after purchasing them on the MEXC platform.
  • Manchester City Fan Token Wallet: There are several wallet options available for storing CITY tokens. You can choose one of these wallets to store your tokens after purchasing them.

These wallets provide a secure and convenient way to manage your CITY tokens.

How to buy Manchester City Fan Token?

To buy Manchester City Fan Token (CITY) tokens, follow these steps:

  1. Choose an Exchange: Select a reputable cryptocurrency exchange that supports CITY trading and operates in your country. Consider factors such as fees, security, and user reviews. Popular exchanges include Binance, OKX, Bybit, Bitmart, and Bitget.

  2. Create an Account: Register on the exchange's website or mobile app, providing personal information and identity verification documents.

  3. Fund Your Account: Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.

  1. Navigate to the CITY Market: Search for "Manchester City Fan Token" (CITY) in the exchange’s marketplace.

  2. Choose a Transaction Amount: Enter the desired amount of CITY tokens you wish to purchase.

  3. Confirm Purchase: Preview the transaction details and confirm your purchase by clicking the "Buy CITY" or equivalent button.

  1. Complete Transaction: Your CITY token purchase will be processed and deposited into your exchange wallet within minutes.

  2. Transfer to a Hardware Wallet: For security reasons, it is recommended to transfer your CITY tokens to a hardware wallet like Ledger or Trezor.

Additionally, you can check the current price and market statistics of CITY tokens on platforms like CoinGecko or CoinMarketCap to make informed investment decisions.

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History of Manchester City Fan Token

The Manchester City Fan Token (CITY) is a utility token created by Socios.com, a blockchain-based fan engagement and rewards platform for sports and entertainment organizations. The token was launched in partnership with Manchester City Football Club to provide fans with a tokenized share of influence on the club's decisions and exclusive rewards.

The CITY token is built on the Chiliz Chain, a Proof-of-Authority sidechain on Ethereum, and has a total supply of 20,000,000 tokens. Initially, 2,000,000 tokens were distributed to club fans via a Fan Token Offering, while the remaining tokens are held by Manchester City and can be acquired through community activities, Binance, and direct purchases on exchanges.

The token allows fans to participate in governance by voting on various "fan decision" polls published by Manchester City, with the club contractually bound to act according to poll results. Additionally, token holders can earn rewards, including matchday tickets, exclusive experiences, and cashback offers, by engaging with the Socios platform.

Manchester City and Socios.com aim to continue promoting and integrating the CITY token into the club's digital marketing strategy, global fan engagement, and e-commerce projects. This includes developing governance voting polls, engaging with the community on social channels, and publishing articles about the token in mainstream media outlets.

The CITY token has been available for purchase via the Socios.com app since its launch, and registered Cityzens were eligible to receive a free token. The token's price and trading volume have been tracked on exchanges, with a significant increase in value following major news events related to the club.

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How Manchester City Fan Token works

The Manchester City Fan Token (CITY) is a digital asset that allows fans to engage with the Manchester City football club on a deeper level. It operates on the Socios.com platform, which utilizes blockchain technology to facilitate fan engagement. Here's how it works:

Governance and Voting

CITY tokens are governance tokens that give holders the right to vote on club decisions. These decisions can range from choosing the design of football kits to selecting a goal celebration song or even deciding on team bus designs. This allows fans to have a direct influence on the club's activities, making them feel more connected and involved.

Rewards and Benefits

Holders of CITY tokens can also gain VIP rewards, exclusive discounts, and profit when the token's price rises due to major club decisions or when Manchester City wins a significant football tournament. These rewards can include once-in-a-lifetime experiences, signed merchandise, and other perks.

Tokenomics

The total supply of CITY tokens is 20 million, with a circulating supply of around 3.5 million. This limited supply can contribute to the token's value and scarcity.

Obtaining CITY Tokens

CITY tokens can be obtained by exchanging them for the Chiliz cryptocurrency ($CHZ), which can be purchased on the Socios.com app. Fans can download the app, sign up, and select Manchester City as their favorite team to start engaging with the token.

Fan Engagement

The Socios.com platform is designed to create a global community of passionate Manchester City fans. By using CITY tokens to engage with the club, fans can earn rewards points that can be redeemed for exclusive experiences and benefits. This tokenization of fan engagement aims to strengthen the bond between the club and its supporters, promoting inclusivity and transparency in club decision-making.

Overall, the Manchester City Fan Token (CITY) provides a unique opportunity for fans to engage with their favorite football club on a deeper level, influencing decisions and earning rewards in the process.

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Manchester City Fan Token's strengths

The Manchester City Fan Token (CITY) offers several strengths to its holders. These include:

  • Governance and Voting Rights: CITY token holders have the right to vote on various club decisions, such as football kit designs, goal celebration songs, and team bus designs, giving them a direct influence on the club’s activities.
  • VIP Experiences and Rewards: Holders can gain access to exclusive experiences, including behind-the-scenes tours of the Etihad Stadium, meet-and-greets with players, and discounts on merchandise and match day tickets.
  • Community Engagement: CITY token holders can join a community of fellow fans, participate in polls, and engage with the club through the Socios.com platform, fostering a sense of unity and shared passion.
  • Potential for Token Value Appreciation: As the popularity of Manchester City and the fan token grows, the value of the CITY token may increase, providing a potential financial benefit to its holders.
  • Innovative Fan Engagement: The token offers a new and innovative way for fans to interact with the club, providing a more immersive and rewarding experience.

These strengths make the Manchester City Fan Token an attractive option for fans looking to deepen their connection with the club and potentially benefit financially from their loyalty.

Manchester City Fan Token's risks

Manchester City Fan Token (CITY) carries several financial risks. These include:

  • Market Volatility: The token's price can fluctuate significantly due to market conditions, making it a high-risk investment.
  • Regulatory Changes: Changes in regulations or laws governing cryptocurrencies can negatively impact the token's value.
  • Liquidity Risks: If there is low liquidity in the market, it can be difficult to buy or sell the token quickly, leading to potential losses.
  • Tokenomics Risks: The token's supply and demand dynamics can be influenced by various factors, including the club's performance, fan engagement, and market sentiment, which can impact its value.
  • Dependence on Manchester City's Performance: The token's value is closely tied to the club's success, so poor performance or negative news can lead to a decline in the token's price.
  • Competition from Other Fan Tokens: The market for fan tokens is growing, and competition from other tokens, such as the Paris Saint-Germain Fan Token (PSG), can impact CITY's value.

It is essential for investors to carefully consider these risks and their own risk tolerance before investing in Manchester City Fan Token (CITY).

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Manchester City Fan Token
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Did Manchester City Fan Token raise funds?

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Manchester City Fan Token’s team

  • Stephan Cieplik: Senior Vice President of Global Partnerships Sales at City Football Group, responsible for overseeing the partnership with Socios.com and the launch of the Manchester City Fan Token.
  • Alexandre Dreyfus: CEO of Chiliz and Socios.com, leading the development and integration of the Manchester City Fan Token on the Socios.com platform.
  • Toby Craig: Director of Corporate and Commercial Communications at City Football Group, providing insights into the differences between the Socios.com partnership and other blockchain-based initiatives like Animoca.

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