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What is Manchester City Fan Token (CITY) and how does it work?

by Financial Economy

The Manchester City Fan Token is one of the popular cryptocurrencies launched into the cryptocurrency market. Socios, the creator of the project, issues supporter tokens for Manchester City football club, one of the biggest clubs in England. Information about some topics that what is Manchester City Fan Token (CITY), how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for information about Chiliz (CHZ) coin.

What is Manchester City Fan Token (CITY) and how does it work?

The fan token of Manchester City football team, one of the most important teams of the English Premier League, is the CITY token. This project has been released purely so that fans can vote on club decisions and participate in various club events and win gifts. There is also an increasing number of CITY Token users with the option to win prizes in competitions and quizzes on Socios.com.

Released by Socios.com, an application built on the Chiliz (CHZ) blockchain, the Manchester City Fan Token is also called the CITY Token.

CITY token founders! Which country is CITY Token from?

Manchester City Football Club announced its partnership with Socios.com in March 2021 and decided to launch the CITY Token. PSG, one of Europe’s leading football teams, launched its own fan token in January 2020 and was successful has been instrumental in the emergence of this project. Socios.com is behind the CITY Token project. There is no support of any country behind the CITY Token, which was issued exclusively for the fans of the club.

You can browse here for information about Paris Saint Germain Fan Token.

How to use Manchester City coin?

As with other fan tokens, Manchester City coin has a wide range of uses. They can be used by sports clubs, music fan clubs, and other organizations to democratize and organize experiences, build club leadership, and more. Additionally, they play an important role in tightening the club community with another piece of branded fandom.

CITY token advantages and disadvantages!

CITY Coin advantages include:

  • CITY Token offers its holders the opportunity to influence important decisions regarding the club.
  • In addition, CITY Token investors can easily access VIP rewards unlocking and special promotions.
  • With CITY Token, fans can participate in club-sponsored games and special events.
  • All CITY Token holders can obtain a voting right in the management of a major football club such as Manchester City.
  • The success of the Manchester City club positively affects the CITY Token price.

CITY Coin disadvantages include:

  • CITY coin is a risky investment due to its high volatility.
  • CITY coin can quickly lose value if the club fails in terms of sporting and management.
  • Regulatory pressures on fan tokens may negatively affect the CITY coin price.

Which exchange is CITY coin on?

Manchester City coin is listed on some cryptocurrency exchanges such as Binance, OKX, XT.COM, MEXC, Bybit, etc.

How to buy CITY coins?

Manchester City Fan Token can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

CITY coin supply!

Total and maximum supply of Manchester City Fan Token is 20.000.000 CITY.

CITY coin price!

As of October 13, 2022, at the time of the writing, 1 Manchester City Fan Token price is around $5,23 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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