March 28, 2024

FC Barcelona Fan Token is rapidly becoming more expensive

After adding Chiliz to the platform, the price of the FC Barcelona fan token (BAR) soared to $ 6.7, bringing holders more than 200% profit.

On June 22, Chiliz, a blockchain-fintech technology provider for sports and entertainment, raised $ 1.3 million in less than two hours during the BAR token sale.

During the sale, which took place on both Socios.com and Chiliz.net, fan tokens worth $600,000 were purchased at a fixed price of $2.2. 

Demand for BAR far exceeded initiala limited offer volume of more than 5 times, while more than $ 6 million were deposited on Chiliz.net and Socios.com a few days before and during the token sale. BAR Fan Tokens have been sold in 106 different countries.

The next sale of BAR was announced at 24June, but at a price determined by supply and demand, according to Chiliz. Demand clearly exceeded supply and the price rose to $ 6.7, an increase of 2.5 times.

Fan tokens are digital assets that offer greater fan engagement in the app to vote and reward Socios.com.Fans can use their coins to vote in club polls and get a chance to win digital and real-world rewards, such as appearing via video link on the LED scoreboards in the stadium during the match, watchingplaying as a VIP guest in the club, hospitality and meeting with players.

Fans can already use their BAR toVote in the first Barca poll to select a piece of art created by fans that will end up in Camp Nou's legendary home dressing room.

A leaderboard feature will be launched in the near future.reward points based on how they interact with their teams through the app, allowingfans to compete for the title of "Fan No. 1" in their country. 

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