What is FC Barcelona Fan Token? FC Barcelona Fantoken is a utility token for fans officially issued by the FC Barcelona club in partnership with Socios operating on the Chiliz Chain network. So what’s special about FC Barcelona Fantoken? Let’s find out with Weakhand in this article.
To understand more about FC Barcelona Fan Token, people can refer to some of the articles below:
- What is Chiliz (CHZ)? Chiliz Cryptocurrency Overview
- What is Santos FC Fan Token (SANTOS)? Santos FC Fan Token Cryptocurrency Overview
Overview of FC Barcelona Fan Token
What is FC Barcelona Fan Token?
FC Barcelona Fan Token is a utility token for FC Barcelona club fans launched on June 22, 2020 on the Socios platform and currently operating on the Chiliz network. The project was first released via the Binance Launchpad platform with 74735 BAR Tokens offered for sale at a price of 26.76$.
FC Barcelona is located in the Barcelona city area of Spain and is participating in the continent’s top football tournaments such as the Champions League and LaLiga. It is one of the most famous football clubs in the world with a 120-year history of development, recording many world football records and gathering top stars such as football legend Lionel Messi.
What is FC Barcelona Fan Token?
In its history, Barcelona has won many typical domestic and international achievements, including 26 national championship titles (LaLiga) and 5 C1 championships.
Operation mechanism of FC Barcelona Fan Token
FC Barcelona Fan Token is a cooperation between Barcelona Club and Socios to separately issue the team’s token, to bring many convenient experiences to fans. Team token holders have the following privileges:
- Participate in voting and voting on major team decisions through the Socios application and service.
- Token holders have access to fan rewards, digital collectibles, and loyalty points.
- Get cashback offers from official online stores.
- CHZ rewards in the app.
- Token holders have the opportunity to receive promotions on tickets to the club’s matches, meet real-life members and get members’ autographs.
- Exclusive Barcelona digital badges and NFTs by staking BAR tokens.
Core Team
FC Barcelona Fan Token is issued by the owner of the Barcelona football team and the Socios platform. The current club president is Joan Laporta. Behind the Socios platform is Chiliz’s CEO, Mr Alexandre Dreyfus:
- He is a website serial entrepreneur with over 22 years of experience in the digital field, building and developing technology businesses. In the late 1990s, he pioneered the field of web-based, interactive tools and web-based instructions, before completing an acquisition with retail giant Carrefour and subsequent merger with another service provider. competitor’s services and sell them to Yelp.
- In 2006, he co-founded Winamax (France’s largest online poker room) and later this technology platform was sold to Bally Technologies (now Scientific Games).
- In 2013, he acquired Global Poker Index (the leading rating agency of live Poker) as well as The Hendon Mob (the world’s largest live poker database).
- To drive blockchain innovation in Malta, he also established the Chiliz Blockchain Campus – an accelerator and industry hub connecting some of the largest industry stakeholders across Asia and Europe, along with other emerging blockchain entrepreneurs.
Tokenomics
Basic information about BAR token
- Token name: FC Barcelona Fan Token
- Ticker: BAR
- Blockchain: Chiliz Chain
- Total Supply: 40,000,000 BAR
- Contract: 0xECc000EBd318bee2a052EB174A71fAF2C3c9e898
Token Allocation
BAR has a total token supply of 40,000,000, of which approximately 600,000 are distributed to club fans via fan token offerings. The remaining tokens are held by Barcelona and can be purchased by participating in community activities as well as buying directly on exchanges. Besides, 74735 tokens were sold through IEO.
- Ecosystem & Team: 98.32 %
- User Fund: 1.5%
- IEO: 0.18 %
Token Release
The BAR token held by Barcelona has a linear monthly vesting schedule of 6 years, where 5,000,000 BAR tokens are issued each year, starting June 2020.
Exchanges
Exchanges listing BAR tokens include: Binance, Bybit, Bitget, Upbit, MEXC…
Information channel of FC Barcelona Fan Token
- Website: https://www.socios.com/fcbarcelona
- Twitter: https://twitter.com/socios
- Medium:
Summary
The Fan FC Barcelona platform will focus on building a community between fans of FC Barcelona, BAR owners have complete authority to vote on the intentions of the platform. If you are a fan and own some tokens, you will have more incentives. The project has also been listed on major exchanges and became a project participating in Binance Launchpad. Therefore, reputation and quality are unquestionable.
Not only that, the potential of Fantoken in general and of BAR in particular has not yet been fully exploited. In the current era of digital technology, connecting and communicating with all fan communities around the world through the Blockchain platform will attract the attention of sponsors and tycoons. through its transparency. Further contributing to making the entire Fantoken ecosystem explode in the future.
