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Summary of FC Barcelona Fan Token (BAR)
Key Points
- FC Barcelona Fan Token (BAR) is a utility token created in collaboration between FC Barcelona and Chiliz.
- BAR provides holders with voting rights in polls and participation in quizzes and contests on the Socios.com app.
- The token was launched in June 2020 and has a maximum supply of 40,000,000 coins, with 3,551,855.00 in circulation as of January 2022.
- BAR holders can participate in governance, staking, and rewards, and have access to VIP experiences, official club products, and exclusive content.
- The token is secured by smart
Introducing the FC Barcelona Fan Token: A Revolutionary Way to Empower Barça Devotees
Introducing FC Barcelona Fan Token (BAR): A Revolutionary Digital Asset
FC Barcelona Fan Token (BAR) is a utility token born from a collaborative effort between FC Barcelona and Chiliz, a pioneering global blockchain financial technology provider catering to the sports and entertainment industry. These digital assets, which never expire, empower their holders to participate in polls and engage in quizzes and contests published on the Socios.com app – a cutting-edge sports fan engagement platform developed by Chiliz and built upon the Chiliz Chain.
$BAR is the exclusive, officially sanctioned fan token of Barça, empowering supporters with a tokenized stake in the decision-making process of their beloved club. Conceived to foster a sense of unity among the global fan base, the token simplifies engagement with the soccer team, bridging the gap between enthusiasts worldwide.
The inaugural launch of the BAR token occurred in June 2020, conferring upon its owners the exclusive privilege of participating in surveys pertinent to the activities of FC Barcelona, as well as the opportunity to earn distinctive prizes. Through the utilization of a smart contract, token holders exercise their voting rights, and FC Barcelona is obligated to consider the outcome of the poll and implement the resultant decisions.
Fan Tokens constitute a unique membership that grants users the opportunity to vie for an array of exclusive rewards and coveted team recognition. These rewards encompass an impressive range of benefits, including match tickets, unparalleled fan experiences, bonuses courtesy of Socios.com, official club NFTs, and distinctive digital badges. Furthermore, through BAR, members can indulge in the purchase of premium goods and services, revel in VIP access to stadiums and match tickets, and acquire rare, highly sought-after collectible items. By staking BAR, users can unlock NFT rewards and gain access to a gamified utility, replete with exciting features.
The Visionaries Behind FC Barcelona Fan Token: Meet the Founders
FC Barcelona, a name that resonates with football enthusiasts worldwide, requires little introduction. For the uninitiated, however, FC Barcelona, affectionately known as Barça, is a professional football club hailing from Barcelona, Catalonia, Spain, founded in 1899 by a diverse group of Swiss, Spanish, German, and English footballers. Today, Barça stands as one of the most revered and talented teams globally, boasting a colossal fan base and an immense social media following.
The team participates in La Liga, the pinnacle of Spanish football. On the global stage, Barcelona has accumulated an impressive array of trophies, including 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. The club has been privileged to have hosted some of the most iconic players in football history, including the likes of Lionel Messi, Neymar, Ronaldinho, and Diego Maradona.
Launched on June 22, 2020, the FC Barcelona Fan Token (BAR) was born out of a collaborative effort between the Chiliz platform and Socios.com. Chiliz (CHZ) offers sports and entertainment organizations a blockchain-based toolkit, empowering them to engage, expand, and monetize their fan base. By creating a direct channel for fan interaction, the company aimed to elevate the existing fan experience. Built from the ground up on the Chiliz blockchain, the platform utilizes CHZ as its primary currency. Furthermore, it enables fans to acquire official tokens of renowned sports teams, including the coveted FC Barcelona Fan Token (BAR).
Alexandre Dreyfus, a seasoned web entrepreneur with over two decades of digital expertise, currently serves as CEO of Chiliz and Socios.com. His impressive résumé boasts a diverse range of accomplishments. In the 1990s, he pioneered an innovative interactive travel guide, Webcity. Later, in the 2000s, he successfully founded two prominent online poker projects, Winamax and Chilipoker. Subsequently, in 2013, he acquired the Global Poker Index and The Hendon Mob. Furthermore, in 2017, Dreyfus established Chiliz, a digital currency designed for sports and entertainment platforms. The following year, he launched Socios.com, a groundbreaking platform that empowers football and sports clubs to monetize their fan bases by leveraging blockchain technology.
Unveiling the Uniqueness of FC Barcelona Fan Token
The BAR token boasts a distinctive set of features, which are outlined as follows:
To become an integral part of the community, where you can exert influence over club decisions and participate in exciting Fan Rewards contests, a minimum of one $BAR is required. However, it’s essential to note that the weight of your vote is directly proportional to the number of tokens you hold, and certain activities may necessitate a more substantial token allocation.
Token holders are entitled to a plethora of exclusive benefits, including VIP access to the iconic Camp Nou stadium, the opportunity to rub shoulders with world-renowned football legends, and the chance to participate in autograph sessions, where they can obtain signed memorabilia and team merchandise.
Through its partnership with Socios.com, Barça fosters a deeper connection with its fan base, soliciting their opinions through polls. Notably, BAR token holders are entitled to cast their votes, with the weight of their vote directly proportional to the number of tokens they possess – for instance, a user with 10 tokens would have their vote counted as 10. To ensure the integrity of the results, the club imposes a token limit on each poll, thereby maintaining the fairness and credibility of the process.
The Socios platform boasts a bonus system, whereby BAR holders are granted VIP access to all home league, cup, and European matches, thereby elevating their overall experience.
What Is the Circulating Supply of FC Barcelona Fan Token (BAR) Coins?
$BAR is a utility token deployed on the Chiliz blockchain, a Proof-of-Authority (PoA) sidechain built on the Ethereum network. By leveraging BAR, FC Barcelona can make informed decisions, while fans gain access to a VIP experience, official club merchandise, and exclusive content, thereby fostering a deeper connection with the club.
The FC Barcelona Fan Token presents a multifaceted utility, encompassing three primary use cases: Governance, which enables BAR holders to participate in polls uploaded by FC Barcelona through the Socios.com application and services, leveraging smart contracts to facilitate secure and transparent voting; Staking, where BAR tokens can be locked to earn NFT rewards; and Rewards, which incentivizes BAR holders to engage in interactive experiences, such as club quizzes, games, and surveys, available on the Socios.com app, and subsequently receive rewards for their participation.
The maximum supply of BAR is capped at 40,000,000 coins. As of January 2022, a total of 3,551,855.00 $BAR are in circulation, representing a mere 9% of the total supply.
The Security Architecture of the FC Barcelona Fan Token Network
Socios is founded upon cutting-edge smart contract technology, leveraging the robust Ethereum blockchain and a proprietary crowd control mechanism to ensure seamless interactions.
Chiliz, an Ethereum sidechain, boasts a proprietary crowd control mechanism, ensuring that fans engage in a secure environment, where they can participate in publicly audited polls with confidence. As an ERC-20 and BEP2 token, CHZ has undergone rigorous auditing by Certik, further solidifying its credibility.
Acquiring FC Barcelona Fan Token (BAR): A Comprehensive Guide
As of January 2022, the FC Barcelona Fan Token (BAR) has been successfully listed on a plethora of esteemed exchanges, including Binance (a strategic investor in Chiliz), Paribu, BKEX, Mandala Exchange, ZT, and VCC Exchange.
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