The world of cryptocurrency continues to expand into exciting new frontiers, and one of the most dynamic intersections today is between blockchain technology and sports fandom. Binance has taken a bold step forward by launching its 24th new token mining project — the Manchester City Fan Token (CITY) — offering users a unique opportunity to earn fan-based digital assets through staking.
Built on the Chiliz Chain, CITY represents a groundbreaking fusion of decentralized finance and sports engagement. This article explores everything you need to know about the Binance CITY token mining event, including eligibility, staking mechanics, reward distribution, and long-term value potential.
👉 Discover how to start earning fan tokens with flexible staking options today.
What Is Manchester City Fan Token (CITY)?
Manchester City Fan Token (CITY) is a utility token issued by Socios.com in partnership with Manchester City Football Club. It empowers fans to participate in club-related polls, access exclusive rewards, unlock VIP experiences, and engage more deeply with their favorite team — all powered by blockchain technology.
Unlike traditional cryptocurrencies focused solely on financial returns, CITY blends community influence with digital ownership. The token operates on the Chiliz Chain, a blockchain specifically designed for sports and entertainment ecosystems.
Key Project Details
- Token Name: Manchester City Fan Token (CITY)
- Total Supply: 20,000,000 CITY
- Initial Circulating Supply: 3,708,172 CITY (18.54% of total supply)
- Total Mining Allocation: 291,036 CITY
- Blockchain Explorers: BSC Explorer, Chiliz Explorer
- KYC Requirement: Yes
- Mining Duration: 30 days
How Does Binance New Token Mining Work?
Binance’s Launchpad platform allows users to stake selected cryptocurrencies — in this case, BNB, CHZ, or BUSD — to earn CITY tokens over time. This model rewards early supporters while distributing tokens fairly across the community.
There is no mining cap per user, meaning your rewards scale directly with your stake size relative to the total pool. This creates a transparent and merit-based system where larger contributions yield proportionally higher returns.
Available Mining Pools
Three separate pools allow users to choose their preferred staking asset:
- BNB Pool: 203,725 CITY available (70% of total mining allocation)
- CHZ Pool: 58,207 CITY available (20%)
- BUSD Pool: 29,103 CITY available (10%)
Staking began on November 11, 2021, at 08:00 (UTC+8) and ran for exactly 30 days until December 11, 2021, at 07:59 (UTC+8).
Daily Mining Allocation Schedule
From November 11 to December 10 (inclusive), the daily mining quota was fixed:
| Period (UTC) | Daily Total (CITY) | BNB Pool | CHZ Pool | BUSD Pool |
|---|---|---|---|---|
| Nov 11 – Dec 10 | 9,701 | 6,791 | 1,940 | 970 |
Note: Each day follows UTC timing (00:00–23:59), which translates to 08:00–next day 07:59 in UTC+8.
Staking Mechanics & User Flexibility
One of the standout features of this mining event is the flexibility it offers participants:
- Hourly Snapshots: Binance records user balances every hour to calculate proportional rewards.
- Real-Time Rewards Tracking: Earned CITY tokens are updated hourly and can be withdrawn to your spot wallet anytime.
- Dynamic APY Display: Annual percentage yield for each pool updates in real time based on total staked volume.
- Cross-Pool Transfers: You can move funds between BNB, CHZ, and BUSD pools freely — ideal for optimizing returns as APY shifts.
- No Double-Dipping: While flexible transfers are allowed, users cannot stake the same asset in multiple pools simultaneously.
- Auto-Return at Completion: Once all CITY tokens are mined or the period ends, unclaimed rewards and principal assets are automatically returned to your spot account.
Additionally, staked BNB retains full eligibility for benefits such as Launchpad allocations, airdrops, and VIP tier calculations — a major advantage for active Binance users.
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Core Keywords for SEO Optimization
To ensure visibility and relevance in search results, here are the core keywords naturally integrated throughout this article:
- Manchester City Fan Token
- CITY token mining
- Binance Launchpad
- Chiliz Chain
- Fan token staking
- BNB staking rewards
- Cryptocurrency fan engagement
- Blockchain in sports
These terms reflect high-intent queries from users interested in sports-related crypto projects and DeFi staking opportunities.
Frequently Asked Questions (FAQ)
Q: Can I stake multiple assets at the same time?
Yes. You can allocate different amounts across the BNB, CHZ, and BUSD mining pools simultaneously. However, each asset can only be staked in one pool at a time.
Q: Are there any withdrawal fees or lock-up periods?
No. There are no lock-up periods — you can redeem your staked assets at any time during the mining period. Withdrawals are free of additional fees.
Q: How often are rewards distributed?
Rewards are calculated hourly based on your share of the pool and updated in real time. You can claim them instantly to your spot wallet.
Q: Does staking CHZ give me extra benefits with Socios.com?
While staking CHZ on Binance earns you CITY tokens, it does not directly grant additional privileges on Socios.com unless you hold CHZ in a linked wallet on their platform.
Q: Is KYC required to participate?
Yes. All participants must complete Know Your Customer (KYC) verification on Binance to join the mining event.
Q: What happens if I don’t claim my rewards?
Unclaimed rewards remain secure in the mining system. After the event ends, any remaining earned CITY tokens will be automatically transferred to your spot account.
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Why Fan Tokens Matter in Web3
Fan tokens like CITY represent a growing trend in Web3: turning passive supporters into active stakeholders. By holding CITY, fans aren't just watching games — they're voting on minor club decisions, accessing behind-the-scenes content, and connecting with a global community.
This model has proven successful across football clubs worldwide, with teams from AC Milan to FC Barcelona launching similar tokens. As blockchain adoption grows in mainstream sports, early participation in projects like CITY could offer both sentimental and potential financial upside.
Final Thoughts
Binance's 24th Launchpad mining event for the Manchester City Fan Token marks a significant milestone in merging digital finance with fan culture. With flexible staking options across BNB, CHZ, and BUSD, real-time reward tracking, and no upper limits on participation, it offers an accessible entry point into the world of sports-based cryptocurrencies.
Whether you're a lifelong City supporter or simply exploring innovative DeFi use cases, this mining opportunity exemplifies how blockchain is reshaping fan engagement — one token at a time.
Remember: Always conduct your own research before participating in any crypto project. While fan tokens offer exciting utilities, they also carry market risks. Invest wisely and stay informed.
Note: All dates referenced pertain to the original 2021 event. This article is preserved for informational purposes and does not promote current availability.