The 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)
Chiliz Telegram (English)
Chiliz Telegram (Announcement)
Chiliz Twitter (English)
Socios Twitter (English)
Manchester City Twitter (English)