Manchester City Fan Token is a cryptocurrency offered through Socios.com, a platform that operates on the Chiliz (CHZ) blockchain. Socios.com has previously developed similar fan tokens for other football teams like PSG, as well as for organizations like UFC and car racing. Owning fan tokens allows holders to have a say in the club's decision making, enjoy special VIP rewards, access exclusive promotions, games, and receive special recognition. After witnessing the considerable success of PSG's fan token release in January 2020, Manchester City Football Club decided to introduce their own token, CITY, in March 2021. The token's performance hinges on the club's on-field achievements and the advancement of blockchain technology. The token's value surged when there were speculations about Cristiano Ronaldo joining the club, but experienced a decline when the transfer did not materialize.
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