What Is Barcelona Fan Token (BAR)?
Barcelona Fan Token is the only officially sanctioned Barcelona FC Fan cryptocurrency. Fan Tokens are digital assets that never expire. Further, the Memberships are like traditional memberships with the added benefit of voting on club decisions, unrivaled access to the favorite team, and unique once-in-a-lifetime experiences.
According to its website, with the BAR Fan Token, fans can access VIP experiences, earn official products, and more. Barcelona FC fans worldwide now can influence and engage with the team as never before through the all-in-one app. After acquiring Fan Tokens, users can use them over and over again. After numerous votes and fan rewards, users retain all their BAR Fan Tokens. No recurring subscriptions are required.
The BAR token is used on the Chiliz Chain, a Proof-of-Authority sidechain powered by Ethereum. Proof of Authority (PoA) is a reputation-based consensus algorithm introducing an efficient and practical solution for blockchain networks. Socios.com helps sports entities achieve digital transformation through blockchain technology. The Socios.com App allows Barcelona FC fans to have a say on club decisions through their Fan Tokens. The poll is up to the club, but the fans' decision is final. In the past, Fan Token holders of other clubs have voted on a range of items, including kit designs, bus designs, official team mottos, and even starting XIs.
Holders of BAR Fan Tokens have VIP access to all home league, cup, and European matches. A few possibilities are a trip with the team to an away match or signed memorabilia to watch the match with your favorite club legend. Through the Socios.com App, users can earn Fan Rewards by participating in quizzes, games, and club decisions.
History of Barcelona Fan Token (BAR)
The flash sale conducted by the platform included 600,000 $BAR Fan Tokens was held across Chiliz.net and Socios.com, with $BARs being sold on a first-come, first-serve basis in June 2020. During the flash sale, over $6M was deposited across Chiliz.net and Socios.com, far exceeding the initial limited supply. The tokens were sold in 106 countries. In the BAR ecosystem, there is a total supply of forty million BAR tokens.
