Binance has announced the 24th project on Binance Launchpool – Manchester City Fan Token (CITY), a fan token for Manchester City Football Club on the Chiliz Chain.
Users will be able to stake their BNB, CHZ and BUSD into separate pools to farm CITY tokens over 30 days, with farming starting from 2021-11-11 00:00 AM (UTC). The exchange has listed on November 10.
What is Manchester City Fan Token?
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. CITY is a utility token on the Chiliz Chain, a Proof-of-Authority sidechain built on Ethereum, and is mainly used for the following:
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- 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 Launchpool Details:
- Token Name: Manchester City Fan Token (CITY）
- Total Supply: 20,000,000 CITY
- Circulating Supply: 3,708,172 (18.54% of total supply)
- Launchpool Supply: 291,036 CITY
- Block Explorer: CITY BEP-20 Block Explorer, CITY Chiliz Chain Explorer
- Staking Terms: No upper limit. KYC required
Supported Pools:
- Stake BNB: 203,725 CITY in rewards (70%)
- Stake CHZ: 58,207 CITY in rewards (20%）
- Stake BUSD: 29,103 CITY in rewards (10%)
- Farming Period: 2021-11-11 00:00 AM (UTC) to 2021-12-10 11:59 PM (UTC).
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