Digital Currency/Stable Coin/Tokenization Series: BAR’s (FC Barcelona Fan Token) Mammoth Token Sale

The Spanish soccer giant Barcelona ($BAR) Fan Tokens have been sold out in just two hours with an objective of fundraising for the club.

FC Barcelona has sold out its first FC Barcelona Fan Tokens (BAR), which were sold via sports-focused token platforms Chiliz.net and Socios.com, Chiliz and Socios CEO Alexandre Dreyfus clarified the news. To be precise, the firm managed to fetch whopping $1.3 million with its $777,000 of tokens being sold within no time. Among these $777k worth of BAR tokens through the Chillz exchanges in the first two minutes as over 4,000 crypto enthusiasts and Barcelona fans from 106 countries raced to buy the ERC-20 utility token.2

Upon this news of flash sale, today BAR token is all set for trading launch on Chiliz and Socios. The tokens would be available only for purchase and for trading against Chiliz’s native token (CHZ) at a market price depending on demand and supply. Mind it, the ownership of tokens wouldn’t grant any share of the football club. While, the fans who hold BAR tokens are eligible to participate in polls and other club-specific activities.