Capitalization of the token of FC Barcelona exceeded $1.3 million

On Monday, sales of Barca Fan Tokens (BAR), the football club's native token, began on the Socios and Chiliz platformsBarcelona The capitalization of the fan token has now exceeded $ 1.3 million.

The club management put a little over 600000 tokens for sale at a fixed price of $ 2.25. Within two hours, the entire stock of tokens was sold out, and bidding between users began. $ 777,000 tokens were sold out in just 2 minutes. Users from 106 countries participated in the purchase of tokens.

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.

BAR tokens allow holders to participate inpolls 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.

Note that the club "Barcelona" has more than 300 million fans around the world. This is the most successful football club in the world, earning $ 959 million in the season 2018/2019.

Let us remind you that plans to issue the BAR token became known back in mid-February - then it was planned to issue 40 million tokens. Perhaps the club management decided to sell tokens in batches.

</p></p>