FC Barcelona Token Raised $1.3 Million

Kataryna Kovtun June 25, 2020


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The plans for the release of FC Barcelona token (BAR) became known in mid-February — then it was planned to issue 40 million tokens. Perhaps the club management decided to sell tokens in batches.

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The sale of the Barcelona FC BAR token which is similar to ICO held on the Chilliz and Socio platforms, lasted less than two hours and allowed the sale of 600,000 Barça Fan tokens for €2 apiece.

Over the past 24 hours, the trading volume in the CHZ/BAR pair on the Chiliz platform amounted to $2.5 million. The pair took second place in the ranking in terms of trading volume after the most popular BTC / USDT pair.

Interestingly, after the start of trading, the BAR token rate soared by 420% — to $12.05. However, then it rolled back by 50% and now every Barcelona fan token costs $6.25.

Chiliz and Socios CEO Alexander Dreyfus announced that the record was reached with the sale of $777,000 tokens in less than two minutes. He added that buyers were located in 106 countries, and sports-oriented blockchain platforms were in 5 times greater demand.

How to Use FC Barcelona Token?

FC Barcelona tokens are designed to interact with club fans. On the official website of FC Barcelona, it is written that token holders will have the opportunity to participate in various surveys, choose the decor and mural designs that will decorate the team’s locker room.

BAR tokens allow holders to participate in surveys and polls, affecting a football club. They also provide an opportunity to receive special awards, for example, tickets to VIP zones for team matches and meetings with Barcelona players. Now a vote is being taken over which fan paintings to put in the club’s locker room at the home stadium.

Recall that last year, the Italian football club Juventus issued its tokens on the Socios platform, and the French football team Paris Saint-Germain a year earlier.

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