The Manchester City Fan Token (CITY) emerged as one of the pioneers in integrating cryptocurrencies with the sports industry. In the aftermath of the 2017 crypto boom, the industry garnered widespread attention and expanded beyond its niche audience of tech enthusiasts and hackers. This newfound popularity prompted various sectors to explore the potential of cryptocurrencies, including the sports industry.
Aside from launching their fan token, Manchester City has been active in the crypto realm. In March 2022, the club announced a global partnership with OKX, aiming to bridge the gap between the worlds of sports and crypto.
The partnership introduced millions of football fans to creative Web3 experiences like the OKX Collective. The platform allows fans to engage closely with Manchester City players and OKX Ambassadors like Jack Grealish and Alex Greenwood, offering unique and personalized experiences.
The introduction of CITY tokens and the club's collaboration with OKX exemplify Manchester City's commitment to embracing the potential of cryptocurrencies and their dedication to providing unique experiences for football fans. As the CITY token continues to thrive within the sports industry, it symbolizes the club's innovative approach and desire to connect with supporters on a deeper level.
What is Manchester City Fan Token?
Manchester City Fan Token is a fan token built on the Chiliz (CHZ) blockchain. The renowned football club made it available in partnership with Socios.com, just like many other famous football clubs. Manchester City Fan Token launched after the Paris Saint-germain’s (PSG) January 2020 launch, which was a massive success.
CITY emerged in March 2021, arguably as successful as PSG’s fan token release. The CITY token attracted even more attention after rumors emerged that football superstar Cristiano Ronaldo had joined the club. However, it also dropped when the transfer failed to go through.
The Manchester City Fan Token project team
The Manchester City Fan Token project was created through a partnership between Socios.com and Manchester City FC, with Chiliz powering the app. Alexandre Dreyfus, the CEO of Chiliz, played a pivotal role in founding and growing web-based firms like Webcity, Winamax, and Chilipoker for over 20 years.
Chiliz itself was founded by Dreyfus in 2017. The inspiration for the creation of the token stemmed from Manchester City, one of England's highly successful football clubs in the present day.
How does Manchester City Fan Token work?
Manchester City Fan Token grants fans ownership of voting rights by possessing the token. By holding the token, fans can earn exclusive rewards and experiences. The primary objective of the token is to enhance fan engagement and bring supporters closer to their beloved football club. It enables fans to actively participate in the club's decision-making process and provides them access to various benefits, events, merchandise, and other exciting opportunities.
CITY: Manchester City Fan Token’s native token
Manchester City Fan Token's native cryptocurrency is called CITY. It was introduced in May 2021, with a maximum and total supply of 20 million tokens. Currently, the circulating supply of CITY is slightly over 6 million tokens as of June 2023. This means that approximately 30 percent of the total supply is in circulation.
CITY use cases
CITY token has several key use cases within the Manchester City Fan Token ecosystem. The primary use case is to give users voting rights, allowing them to participate in club-related decisions. CITY token holders can also access exclusive rewards and experiences tailored to the football club.
These include the opportunity to influence the message displayed on the team captain's armband and access to special areas of the stadium, such as the player area or VIP zone. Moreover, token holders can enjoy discounts on Manchester City merchandise, enhancing the value and utility of the CITY token.
Distribution of CITY
The distribution of CITY tokens is as follows:
- Ten percent of the tokens were allocated to the passionate supporters of the Manchester City football club.
- The football club itself holds twenty percent of the tokens.
- The remaining 70 percent of the tokens are reserved for future issuance to Manchester City football club fans.
CITY: Connecting Manchester City fans through cryptocurrency
For passionate Manchester City fans, the Manchester City Fan Token holds a special place as their preferred cryptocurrency. This unique token creates a deeper connection between fans and the club, offering exclusive privileges and opportunities.
With CITY, fans can show their unwavering support for their beloved club while also having the ability to influence certain aspects of its operations. The token is designed specifically for this dedicated group of fans, providing them with exciting use cases and benefits.
The appeal of CITY extends far beyond Manchester, attracting football enthusiasts from across the globe who are eager to engage with their favorite clubs in a new and innovative way. It has become a highly sought-after asset among fans, symbolizing their loyalty and dedication to Manchester City.
