The Manchester City Fan Token (CITY) is a utility token that provides fans of Manchester City Football Club (“Manchester City”) with a tokenized share of participation in club decision-making through the use of Socios applications and services.
Socios is a blockchain-based fan engagement and rewards platform for the sports and entertainment industry powered by Chiliz.
CITY is a functional token built on Chiliz Chain (Chiliz Chain is a Proof-of-Authority side chain based on Ethereum). CITY is primarily used for the following:
Governance: CITY holders can vote on various binding "fan decisions" issued by Manchester City via smart contracts.
Rewards: CITY holders can participate in activities on Socios to earn rewards.
Token Staking: In the future, CITY can be staked to earn Non-Fungible Token (NFT) rewards.
CITY's total token supply is 20,000,000, of which 1,220,010 were initially allocated to fans through the Fan Token Offering. The remaining tokens are held by Manchester City and can be earned by fans by participating in community events, the Binance Launchpool, and buying directly on exchanges.
