FC Barcelona Fan Token price

BAR

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FC Barcelona probably needs no introduction. However, for those who don’t know, FC Barcelona (also known as Barça) is a professional football club from Barcelona, ​​Catalonia (ESP), founded in 1899 by a group of Swiss, Spanish, German and English footballers. Currently, Barça is one of the most popular and talented teams in the world with a huge fan base and massive social media support.

The team competes in La Liga, the top flight of Spanish football. On the international stage, Barcelona has amassed the following trophies: 5 UEFA Champions League titles, 4 UEFA Cup Winners' Cups, 5 UEFA Super Cups, 3 Inter-Cities Fairs Cups, and 3 FIFA Club World Cups. Some of the most famous players of all time including Lionel Messi, Neymar, Ronaldinho and Diego Maradona have played for the club.

FC Barcelona Fan Token (BAR) was launched on June 22, 2020 through the Chiliz platform, in cooperation with Socios.com. Chiliz (CHZ) provides sports and entertainment organizations / clubs with a blockchain-based toolkit that helps them attract, grow and monetize their audience. The company's goal was to improve the existing fan experience and, thus, created a channel for interacting with fans. The platform was built from scratch on the Chiliz blockchain, and uses CHZ as the main currency. Moreover, the platform allows fans to purchase the official tokens of popular sports teams, including the FC Barcelona Fan Token (BAR).

Alexandre Dreyfus is CEO of Chiliz and Socios.com. As a skilled web entrepreneur with over 20 years of digital experience, Dreyfus has an interesting resume. In the 90s, he developed an interactive travel guide known as Webcity. Later on, in the 00s, he founded two rather successful and major online poker projects such as Winamax and Chilipoker; then, in 2013, he became an owner of the Global Poker Index and The Hendon Mob. On top of that, in 2017 Dreyfus founded Chiliz, a digital currency for sports & entertainment platforms. And in 2018, Socios.com was born, with the goal of providing football and sports clubs with an opportunity to monetize their fan bases by introducing blockchain technology.

The key features of the BAR token are as follows:

To become part of the community, start influencing club decisions and participate in Fan Rewards contests, you must have at least one $BAR. However, the weight of your vote depends on the number of tokens you have, and some activities may require more than just one token.

Token holders have their own perks, including VIP access to the Camp Nou home stadium, the opportunity to meet world famous football legends, as well as the chance to attend autograph sessions and get signed items & team merch.

Barça uses Socios.com to get closer to fans and receive their opinions by posting polls. BAR holders can vote only once, but if a user has 10 tokens, then his vote will be counted as 10. To maintain fair results, polls are limited to a certain amount of tokens, which is set by the club itself.

The Socios platform has a bonus system, so BAR holders get VIP access to all home league, cup and European matches.

$BAR is a utility token deployed on the Chiliz blockchain - a Proof-of-Authority (PoA) sidechain built on Ethereum. BAR helps FC Barcelona make the advantageous decisions, and gives fans access to the VIP experience, official club products, and exclusive content.

The FC Barcelona Fan Token offers the following use-cases: Governance, where FC Barcelona uploads a number of polls which BAR holders can vote through smart contracts using the Socios.com application and services; Staking, where BAR tokens can be staked for NFT rewards; Rewards, where BAR holders are rewarded by participating in club quizzes, games and surveys on the Socios.com app.

The maximum supply of BAR is 40,000,000 coins. As of January 2022, there are 3,551,855.00 $BAR in circulation (9% of the total supply).

Socios is based on smart contract technology, uses the Ethereum blockchain and a proprietary crowd control mechanism.

Chiliz is an Ethereum sidechain with a proprietary crowd control mechanism, so fans are in a protected environment and vote only in publicly audited polls. CHZ is an ERC-20 and BEP2 token that has been audited by Certik.

As of January 2022, FC Barcelona Fan Token (BAR) is listed on Binance (a strategic investor in Chiliz), Paribu, BKEX, Mandala Exchange, ZT, and VCC Exchange.

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