Binance is excited to announce 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).
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
Research Report: Manchester City Fan Token (CITY)
Block Explorer: CITY BEP-20 Block Explorer, CITY Chiliz Chain Explorer
Staking Terms: No upper limit. KYC required
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).
Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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