Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Power420 on April 21, 2024, 06:00:48 PM
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Meanwhile, the fan token of the reigning English champions, Manchester City, plunged from just over $4.07 to $3.42 just moments after the team was knocked out of the UEFA Champions League by Real Madrid of Spain. Similar to the BAR fan token, the USD value of Manchester City’s token had been increasing prior to the match.
Source Link (https://news.bitcoin.com/psg-token-soars-after-paris-saint-germain-defeats-barcelona-city-dips-following-elimination-of-english-champions/)
However, after Manchester City, who were also the competition’s reigning champions, lost the match in the penalty shootout, interest in the CITY token subsided.
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(https://www.talkimg.com/images/2024/04/21/jiFwg.png)
photo Source (https://news.bitcoin.com/psg-token-soars-after-paris-saint-germain-defeats-barcelona-city-dips-following-elimination-of-english-champions/)
Manchester City is one of the teams among the English clubs, so the future of this token will be very good. So if any person wants to buy this token then definitely can buy it. It is the most respected platform among all tokens.
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Manchester City is one of the teams among the English clubs, so the future of this token will be very good. So if any person wants to buy this token then definitely can buy it. It is the most respected platform among all tokens.
If you're a newbie investing in crypto currency, it's advisable for you to do more research before investing in any coin or token and not just depend on the word of anyone, especially if they are from this forum. Manchester City is one of the biggest teams in England, but that still does not make it's token reliable to invest in, you have to find more reasons to invest in their token before you do.
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If the token does not appear on the official website of Manchester United, it is better to stay away from investing in it, as I can create a token, name it with any name, and then pump the price in conjunction with the times of the matches, but this does not mean that the token has value or is linked to the value of Manchester United.
official website ----> https://www.manutd.com/en/fans
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If the token does not appear on the official website of Manchester United, it is better to stay away from investing in it, as I can create a token, name it with any name, and then pump the price in conjunction with the times of the matches, but this does not mean that the token has value or is linked to the value of Manchester United.
I have been hearing about this coin I think since 2021. I make more findings just now and see that it is not fake. But one thing is that we do not know the altcoins that can disappoint. I traced its all-time-high to almost $37 but now the coin is $3.39 in price . Those that invested when the price was high are at loss right now.
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If the token does not appear on the official website of Manchester United, it is better to stay away from investing in it, as I can create a token, name it with any name, and then pump the price in conjunction with the times of the matches, but this does not mean that the token has value or is linked to the value of Manchester United.
I have been hearing about this coin I think since 2021. I make more findings just now and see that it is not fake. But one thing is that we do not know the altcoins that can disappoint. I traced its all-time-high to almost $37 but now the coin is $3.39 in price . Those that invested when the price was high are at loss right now.
It's probably not fake, but it's probably not what some buyer expect. Here's short description of "Fan Token" by CoinGecko,
Fan tokens let sporting organizations and other celebrities engage with their communities, where holders can access exclusive benefits.
So it's possible some buyer wrongfully assume it's created or managed by official representative of Manchester City. In addition, i checked https://www.manutd.com/en/digital-collectibles (https://www.manutd.com/en/digital-collectibles), but didn't find any mention of "Manchester City Fan Token", but correct me if i'm wrong.
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Meanwhile, the fan token of the reigning English champions, Manchester City, plunged from just over $4.07 to $3.42 just moments after the team was knocked out of the UEFA Champions League by Real Madrid of Spain. Similar to the BAR fan token, the USD value of Manchester City’s token had been increasing prior to the match.
Source Link (https://news.bitcoin.com/psg-token-soars-after-paris-saint-germain-defeats-barcelona-city-dips-following-elimination-of-english-champions/)
However, after Manchester City, who were also the competition’s reigning champions, lost the match in the penalty shootout, interest in the CITY token subsided.
This coin performance will depends on two basis, the first is the club the introduces the coins and their football performances because many would have staked their coins on their match and if they loose then many will have their money liquidated, while the second is the crypto market, which will heavily depends on the season we are to determine the token performance.
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All this "tokenization" reminds me of one BTT member who is no longer active, and he had the idea that obviously everything should be tokenized, from tomatoes to firewood ::)
I won't say that all these tokens don't make any sense, but most of them are invented to sell some kind of idea that doesn't work at all in practice. Now the question arises whether the token we are talking about here is the official token of the club or someone thought to make a token and give it that name in order to earn on the popularity of the club?
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I have been hearing about this coin I think since 2021. I make more findings just now and see that it is not fake. But one thing is that we do not know the altcoins that can disappoint. I traced its all-time-high to almost $37 but now the coin is $3.39 in price . Those that invested when the price was high are at loss right now.
I think there is a difference between clubs tokens and the tokenization of assets, as the token above is not official, but rather an attempt to tokenize assets such as Apple, Microsoft tokens and others by creating tokens that are not supported on blockchain.
The club token will be available on the official website as PSG token ---> https://www.psg.fr/fans/psg-fan-token
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In addition, i checked https://www.manutd.com/en/digital-collectibles (https://www.manutd.com/en/digital-collectibles), but didn't find any mention of "Manchester City Fan Token", but correct me if i'm wrong.
Manchester City Fan Token should be about Manchester City. But your link is about Manchester United. I think manutd.com is the official site for Manchester United.
I do not think you can see the token directly on the club website. I can be wrong about this.
Now the question arises whether the token we are talking about here is the official token of the club or someone thought to make a token and give it that name in order to earn on the popularity of the club?
I think there is a difference between clubs tokens and the tokenization of assets, as the token above is not official, but rather an attempt to tokenize assets such as Apple, Microsoft tokens and others by creating tokens that are not supported on blockchain.
I have little knowledge about most altcoins but what I saw online about this fan token on many sites like this:
The Manchester City Fan Token (CITY) is a utility token that gives Manchester City Football Club ("Manchester City") fans a tokenized share of influence on club decisions using the Socios application and services.
It was not created by the Manchester City. It was created by Socios.com but people that owns the token can use it to have some influence on the club decision. The question now is that is it true?
If it is true, can we not say it is the official token? Those football club may be lazy or may not have plans to do something like that and it can be an offer from Socios which they club accepted as an offer.
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It was not created by the Manchester City. It was created by Socios.com but people that owns the token can use it to have some influence on the club decision. The question now is that is it true?
If it is true, can we not say it is the official token? Those football club may be lazy or may not have plans to do something like that and it can be an offer from Socios which they club accepted as an offer.
Based on Socios website they claim to be a free-to-register Fan Engagement and Rewards app
so Manchester City Token is not the only token they manage, we don't know if they have a contract for partnerships those who will invest in this token should dig deep and learn more about the partnership on the two platforms.
This kind of token in my opinion does no have good potential in the market, because the performance of this kind of token in the market depends on the performance of the team or platform they represents, I prefer to invest in other tokens that this one
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If the token does not appear on the official website of Manchester United, it is better to stay away from investing in it, as I can create a token, name it with any name, and then pump the price in conjunction with the times of the matches, but this does not mean that the token has value or is linked to the value of Manchester United.
official website ----> https://www.manutd.com/en/fans
So it's possible some buyer wrongfully assume it's created or managed by official representative of Manchester City. In addition, i checked https://www.manutd.com/en/digital-collectibles (https://www.manutd.com/en/digital-collectibles), but didn't find any mention of "Manchester City Fan Token", but correct me if i'm wrong.
You two mixed something up.
Manchester United and Manchester City are two different clubs and there is quite a big difference between them. It's almost as if you are looking for information about the BNB token on the bitcoin.org site.
As far as I know, there were some football club tokens, but most of them ended up in the dust.
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This kind of token in my opinion does no have good potential in the market, because the performance of this kind of token in the market depends on the performance of the team or platform they represents, I prefer to invest in other tokens that this one
I also think that the benefits are too little if you care about returns. Even if they claim the tokens will allow you to vote on club decisions, they are just secondary stuff like player's number and so on, not the crucial aspect of a football club[1]. Not to mention everything is controlled by the club, so there is no binding agreement at all, CMIIW. I remember hearing about Socios being popular with Barcelona or Real Madrid fans, but I'm not sure if they're referring to the company that launched this token or a group of club holders that can influence the club directly.
[1] https://www.socios.com/fan-tokens/
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This kind of token in my opinion does no have good potential in the market, because the performance of this kind of token in the market depends on the performance of the team or platform they represents, I prefer to invest in other tokens that this one
I do not even think the performance of the token depends on the performance of the club all the time because Manchester City won Premier League most since the creation of the token and also won Champions League in 2022/2023. But despite all these, the coin is still 10x lower than its all-time-high. I just see all these fan token to be worthless.
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This is unfortunate for Manchester City fans. Their loss is double. Firstly, they lost the match and were eliminated from the tournament, and secondly, the token for their beloved team was reduced, and they lost their money as well.
The same thing happened a few days ago with Barcelona where they lost and were eliminated from the tournament and the BAR token went down and their fans lost.
The winner so far is Paris Saint-Germain and their token is PSG, but we do not know whether this joy will last or whether they will suffer a loss as well.
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This is unfortunate for Manchester City fans. Their loss is double. Firstly, they lost the match and were eliminated from the tournament, and secondly, the token for their beloved team was reduced, and they lost their money as well.
The good thing is that Man. City doesn't have many fans, probably the holders of this token are mostly speculators who are only interested in making a profit. ;)
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This is unfortunate for Manchester City fans. Their loss is double. Firstly, they lost the match and were eliminated from the tournament, and secondly, the token for their beloved team was reduced, and they lost their money as well.
The good thing is that Man. City doesn't have many fans, probably the holders of this token are mostly speculators who are only interested in making a profit. ;)
You made me laugh, it's true that they don't have many fans, otherwise their loss would have been very big.
Most people support Barcelona, Real Madrid, and recently Paris Saint-Germain. Frankly, I only follow the World Cup and I am not a big follower of tournaments and teams, but my children crack my head during tournaments, and I get my modest information from their screams during matches. :D
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This is unfortunate for Manchester City fans. Their loss is double. Firstly, they lost the match and were eliminated from the tournament, and secondly, the token for their beloved team was reduced, and they lost their money as well.
The good thing is that Man. City doesn't have many fans, probably the holders of this token are mostly speculators who are only interested in making a profit. ;)
LMAO, but +1 for this, ;D
Not a fan, but obviously, this is going to be the effect, and just like in any other sports, you lose value when your team loses. And I have seen a lot of token or coin back sports related and they really did bad back in the days.
I have one, I forget the name already, but it was like football or soccer based team token, was hype in the beginning, then suddenly the price drops and I don't know if that token still exists today.
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Most people support Barcelona, Real Madrid, and recently Paris Saint-Germain. Frankly, I only follow the World Cup and I am not a big follower of tournaments and teams, but my children crack my head during tournaments, and I get my modest information from their screams during matches. :D
Your children gave you the wrong image of big clubs, probably because they followed Ronaldo and Messi. For example, PSG is a mediocre club that was founded in 1970, now a little attention is drawn to them because they got an owner who was too rich. Imagine in comparison with them, Aston Villa, which was founded in 1874, was once the champion of Europe and certainly has a much richer history.
I have one, I forget the name already, but it was like football or soccer based team token, was hype in the beginning, then suddenly the price drops and I don't know if that token still exists today.
Just try to use tokenmania for easy money. It's pretty obvious that it will go down in history along with most NFTs.
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Your children gave you the wrong image of big clubs, probably because they followed Ronaldo and Messi. For example, PSG is a mediocre club that was founded in 1970, now a little attention is drawn to them because they got an owner who was too rich. Imagine in comparison with them, Aston Villa, which was founded in 1874, was once the champion of Europe and certainly has a much richer history.
You completely hit the target. This is actually what is happening. They are in love with Ronaldo and Messi, but the problem is that one loves Messi and the other loves Ronaldo and they always quarrel over who is better. Even after they left Barcelona and Real Madrid, they still love and follow these teams.
Now Kilician Mbappe has made the name of Paris Saint-Germain shine and has become a competitor to the old teams as well. I know that it is not an old team as you say, but money makes everything, even the champions. ;)