The Manchester City Fan Token (CITY) is a digital asset created by Manchester City Football Club in partnership with Socios.com. It allows fans to participate in voting polls, access exclusive experiences, and receive rewards and benefits from the club. The token is built on the Chiliz blockchain, a platform specifically designed for sports and entertainment tokens.
The CITY token operates on the Chiliz blockchain using a Proof of Authority (PoA) consensus mechanism. This consensus algorithm uses a set of pre-approved validators, making it more energy-efficient and faster than traditional systems. Smart contracts on the Chiliz blockchain manage the token's functions, such as voting, distribution, and reward allocation, ensuring rules and conditions are automatically enforced.
The CITY token has several use cases primarily aimed at fan engagement:
The Manchester City Fan Token was launched in March 2021, created by Manchester City Football Club in collaboration with Socios.com. The founding platform, Socios.com, is renowned for creating fan tokens for various sports teams. Initially, 2 million CITY tokens were distributed to fans, with 18 million more held by the club for community activities. The token has been listed on several exchanges and remains integral to Manchester City's digital fan engagement strategy.