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FC Barcelona Fan Token is a utility asset developed with Chiliz that enables holders to vote on club polls and access exclusive rewards via Socios.com. Operating on the Chiliz Chain, it offers VIP experiences and NFT staking opportunities. The project has a maximum supply of 40,000,000 coins, aiming to deepen global fan engagement through blockchain technology.
FC Barcelona Fan Token (BAR) is a utility token developed through a partnership between FC Barcelona and Chiliz, a global blockchain fintech provider for the sports and entertainment sectors. These digital assets do not expire and enable holders to vote in polls and join quizzes and contests on Socios.com, a fan engagement platform built by Chiliz on the Chiliz Chain.
As the sole official fan token for Barça, $BAR gives fans a tokenized share of influence over club matters. The project aims to unite the community and draw a global audience by simplifying interactions with the soccer team.
The BAR token launched in June 2020, granting owners the right to take part in surveys regarding FC Barcelona’s activities and the chance to win unique prizes. Voting occurs via smart contracts, and FC Barcelona is required to consider poll outcomes and implement the results.
Functioning as a membership, Fan Tokens let users compete for exclusive rewards and team recognition. Prizes include match tickets, unique fan experiences, Socios.com bonuses, club NFTs, and digital badges. BAR holders can buy VIP goods and services, secure VIP stadium access and match tickets, and acquire rare collectibles. Users may also stake BAR for NFT rewards and access gamified utility features.
FC Barcelona, often called Barça, is a professional football club based in Barcelona, Catalonia (ESP). It was established in 1899 by a collective of Swiss, Spanish, German, and English footballers. Today, the club stands as one of the most popular and skilled teams globally, boasting a vast fan base and significant social media presence.
Barça plays in La Liga, the premier division of Spanish football. Internationally, the club has secured 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. Legendary players such as Lionel Messi, Neymar, Ronaldinho, and Diego Maradona have represented the team.
The FC Barcelona Fan Token (BAR) was introduced on June 22, 2020, via the Chiliz platform in partnership with Socios.com. Chiliz (CHZ) offers a blockchain-based toolkit designed to help sports and entertainment entities engage, expand, and monetize their audiences. The company aimed to enhance the fan experience by creating a new interaction channel. Built entirely on the Chiliz blockchain, the platform utilizes CHZ as its primary currency and enables supporters to buy official tokens for major sports teams, including BAR.
Alexandre Dreyfus serves as the CEO of both Chiliz and Socios.com. With more than 20 years of digital expertise, he has a notable career. In the 90s, he created Webcity, an interactive travel guide. During the 00s, he launched two successful online poker ventures, Winamax and Chilipoker. In 2013, he acquired the Global Poker Index and The Hendon Mob. He founded Chiliz in 2017 as a digital currency for sports and entertainment, followed by the creation of Socios.com in 2018, which aims to allow clubs to monetize their fans through blockchain technology.
The distinct characteristics of the FC Barcelona Fan Token (BAR) include:
To join the community, influence club choices, and enter Fan Rewards contests, you need to hold a minimum of one $BAR. Your voting power scales with your token balance, though certain activities might demand more than a single token.
Holders enjoy exclusive benefits such as VIP entry to the Camp Nou stadium, chances to meet legendary footballers, access to autograph sessions, and opportunities to obtain signed memorabilia and team merchandise.
Barça leverages Socios.com to engage fans and gather feedback through polls. While each holder can vote only once, the weight of that vote corresponds to their token count; for instance, possessing 10 tokens means the vote counts as 10. To ensure fairness, the club sets a cap on the number of tokens applicable to any given poll.
Additionally, the Socios platform features a bonus structure that grants BAR holders VIP access to all home matches in league, cup, and European competitions.
The FC Barcelona Fan Token ($BAR) operates as a utility asset on the Chiliz blockchain, which is a Proof-of-Authority (PoA) sidechain constructed on Ethereum. This token enables supporters to influence club decisions and provides entry to VIP perks, official merchandise, and special content.
Key functionalities include:
The total cap for BAR is set at 40,000,000 coins. As of January 2022, the circulating supply stands at 3,551,855.00 $BAR, representing 9% of the maximum amount.
The Socios platform relies on smart contracts, operating on the Ethereum blockchain alongside a unique crowd control system. Chiliz functions as an Ethereum sidechain that also employs this proprietary crowd control mechanism, ensuring fans operate within a secure setting where voting is restricted to publicly audited polls. The CHZ token exists as both an ERC-20 and BEP2 asset and has undergone auditing by Certik.
As of January 2022, you can purchase the FC Barcelona Fan Token (BAR) on VCC Exchange, ZT, Mandala Exchange, BKEX, Paribu, and Binance. Note that Binance is a strategic investor in Chiliz.